Kauffman Wayne S III 4

What Happened

• Wayne S. Kauffman III, Senior Vice President and General Counsel of Gentherm Inc. (THRM), had 2,401 shares disposed to satisfy tax withholding related to an option exercise. The disposals were: 1,527 shares on 2026-03-14 at $27.82 each for $42,481, and 874 shares on 2026-03-15 at $27.82 each for $24,315 (combined ≈ $66,796).
• This was a tax-withholding disposition (code F), not a voluntary open-market sale — a routine step after exercising options rather than a directional trade.

Key Details

• Dates & prices: 2026-03-14 — 1,527 sh @ $27.82 ($42,481); 2026-03-15 — 874 sh @ $27.82 ($24,315).
• Transaction code: F (payment of exercise price or tax liability via share withholding).
• Shares owned after transaction: Not specified here — see the Form 4 for post-transaction holdings.
• Filing: Reported on 2026-03-17; based on the 03-14 transaction date, the filing appears to be timely (within the 2 business-day SEC window).

Context

• For option exercises, insiders commonly have a portion of shares withheld to cover taxes (a cashless-withholding mechanism). These withheld shares are routine administrative actions and do not necessarily signal the insider’s view on the company’s prospects.
• This was not an open-market sale (code S) or a purchase; it reflects tax settlement following a prior exercise of derivative awards.