ScanSource (SCSC) CEO Michael Baur Exercises Options, Sells Shares

What Happened

• Michael L. Baur, CEO, President and Chair of the Board of ScanSource (SCSC), exercised stock options and sold the resulting shares on Sept. 10–11, 2026. He exercised 19,980 options on 9/10 and 57,359 options on 9/11 at a $37.00 strike (total exercise cost $2,861,543) and sold a total of 77,339 shares the same days for aggregate gross proceeds of about $4,438,747.
• Sales were executed in multiple open‑market trades at weighted average prices reported per tranche: 18,080 @ $55.39 ($1,001,451), 1,900 @ $57.03 ($108,357), 1,851 @ $56.50 ($104,582), 6,692 @ $57.71 ($386,195), and 48,816 @ $58.14 ($2,838,162). The filing also includes derivative conversion entries related to the option exercises.

Key Details

• Transaction dates: 2026-09-10 (19,980 options exercised; sales) and 2026-09-11 (57,359 options exercised; sales).
• Exercise price: $37.00 per share; Total exercised: 77,339 shares; Total exercise cost ≈ $2.86M.
• Sale proceeds: ~ $4.44M across multiple trades (see per-tranche weighted averages above).
• Net effect: Acquired 77,339 shares and disposed of 77,339 shares — net change from these transactions = 0 shares.
• Footnotes: Weighted‑average sale prices reported; per-trade price ranges provided in F1–F5. F6 notes the option vested in one‑third increments on 12/2/2017, 12/2/2018 and 12/2/2019.
• Timeliness: Form 4 filed 2026-09-14 reporting transactions on 9/10 and 9/11; filing appears timely under the two-business-day rule.
• Transaction codes: M = exercise/conversion of derivative (options); S = open-market sale.

Context

• The pattern here is an option exercise followed by same-day/next-day sales of the acquired shares (often called a cashless exercise when proceeds are used to cover strike/taxes), rather than retention of the shares. This is a factual description of the trades and not a statement about Mr. Baur’s views on the company.