Davies Philip D 4

What Happened

• Philip D. Davies, Corporate VP — Global Sales & Marketing and a director of VICOR Corp (VICR), exercised 3,073 stock options on July 1, 2026 and immediately sold the resulting 3,073 shares in multiple open‑market transactions the same day.
• He paid $102,419 to exercise the options (679 shares @ $41.61 = $28,253; 2,394 shares @ $30.98 = $74,166) and realized total gross proceeds of $1,096,968 from the share sales — a difference of roughly $994,549 before taxes and fees. The exercise/conversion entries are recorded as derivative transactions (code M) and the sales as open-market disposals (code S).

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026.
• Options exercised: 679 @ $41.61 and 2,394 @ $30.98 (total 3,073 shares); total exercise cost $102,419.
• Shares sold: 3,073 shares in multiple trades at prices ranging approximately from $348.43 to $366.68; total proceeds $1,096,968 (per line-item amounts).
• Footnotes: At least some sales were effected under a Rule 10b5‑1 trading plan adopted Nov 21, 2025 (F1). Several sale lines report weighted-average prices with specified price ranges (F2–F12). Option grants referenced include awards from May 2, 2023 (vesting over five years; F13) and Sept 6, 2019 (vesting over five years; F15); options expire two years from each vest date (F14).
• Shares owned after transaction: not disclosed in the provided filing excerpt.

Context

• This is a same‑day exercise-and-sell (effectively a cashless exercise): Davies exercised vested options and sold all shares received that day. Such transactions are commonly used to realize gains on vested options; sales executed under a 10b5‑1 plan can be pre‑scheduled and are generally considered routine rather than an indicator of new private information.
• The Form 4 shows the mechanics (exercise = derivative conversion, followed by open‑market sales) and provides the exercise and sale price details so investors can see the magnitude of the insider’s proceeds.