Nayar Deepak 4

What Happened

• Deepak Nayar, SVP & GM, Electronics Business at Littelfuse, exercised stock options and immediately sold the resulting shares on Feb 2, 2026. He exercised two option tranches: 4,300 shares at $267.84 (cost $1,151,712) and 4,575 shares at $240.76 (cost $1,101,477), for a total exercise cost of $2,253,189. He sold a total of 8,875 common shares in multiple open-market transactions, generating aggregate proceeds of $2,853,745.
• These transactions are option exercises (code M) followed by open-market sales (code S). Selling the shares obtained by exercising the options is typically a cashless exercise pattern (exercise + immediate sale), which is a routine liquidity/tax-management action rather than an explicit bullish purchase.

Key Details

• Transaction date: February 2, 2026; Form filed February 4, 2026 (timely).
• Options exercised:
  • 4,300 shares @ $267.84 = $1,151,712
  • 4,575 shares @ $240.76 = $1,101,477
• Open-market sales (multiple trades; aggregated):
  • 120 shares @ $325.50 = $39,060
  • 320 shares @ $324.34 = $103,789
  • 642 shares @ $323.50 = $207,687
  • 2,406 shares @ $322.37 = $775,622
  • 1,608 shares @ $321.39 = $516,795
  • 3,779 shares @ $320.40 = $1,210,792
  • Total sold: 8,875 shares for $2,853,745
• Footnotes:
  • Sale price entries represent weighted averages across multiple trades; reported price ranges per footnotes (e.g., $320.00–$324.60 across lots). The filer will provide individual trade prices on request.
  • Vesting: one option tranche (4,300) vested in thirds beginning Apr 22, 2022 (F6); another tranche (6,862 shares originally) vests in thirds beginning Apr 27, 2024 (F7).
• Shares owned after the transactions are not specified in the provided summary of the filing.

Context

• For retail investors: this is a standard option exercise plus immediate sale (cashless exercise), commonly used to realize gains and cover exercise cost/taxes. It does not by itself indicate the insider’s long‑term view of the stock.
• Transaction codes: M = exercised/converted derivative (option); S = open-market sale. No late filing was indicated.