Davies Philip D 4

What Happened

• Philip D. Davies, Vice President Global Sales & Marketing and a company director at Vicor Corp (VICR), exercised 3,072 stock options on 2026-06-01 at an exercise price of $30.98 per share (cost = $95,171).
• The same day he sold 3,072 shares in multiple open‑market transactions under a Rule 10b5‑1 trading plan, generating aggregate gross proceeds of approximately $988,239. Net pre‑tax proceeds (proceeds minus exercise cost) were roughly $893,068 (does not account for broker fees or taxes).
• This is effectively a cashless exercise: options were exercised and the resulting shares were sold the same day.

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (filed promptly).
• Exercise: 3,072 shares at $30.98 each (total cost $95,171).
• Sales: 3,072 shares sold in multiple trades; aggregate proceeds ≈ $988,239.
• Sale price range (across trades): about $313.65 to $329.52 per share (several weighted‑average prices reported in footnotes).
• Notable footnotes: sales were effected pursuant to a Rule 10b5‑1 trading plan adopted Nov 21, 2025 (F1). Options were originally granted 9/6/2019 and vest over five years (F13).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• For retail investors: this pattern (exercise + same‑day sale under a 10b5‑1 plan) is a common way for insiders to realize gains from vested options and is generally considered routine rather than a directional endorsement of the stock.
• Derivative explanation: the Form 4 shows an option exercise (transaction code M) followed by open‑market sales (S) of the resulting shares — a cashless exercise/sale.
• The presence of a 10b5‑1 plan means the sales were pre‑scheduled, which can reduce the likelihood that the trades were based on undisclosed, nonpublic information.