Thompson Rebecca 4

What Happened
Rebecca Thompson, Chief Accounting Officer of AAON, exercised options and immediately sold all 21,914 shares on April 24, 2026. The options were exercised at $29.48 per share (total exercise cost $646,025). The resulting shares were sold in the open market at a weighted average price of $100.21 per share for gross proceeds of $2,196,002, producing a pre-tax spread of about $1,549,977.

Key Details

• Transaction date: 2026-04-24 (reported on Form 4 filed 2026-04-27 — timely filing).
• Exercise (code M): 21,914 shares at $29.48 = $646,025 (acquired).
• Sale (code S): 21,914 shares at weighted avg $100.21 = $2,196,002 (disposed).
• Footnote: sales executed in multiple trades at prices ranging $100.00–$101.72; weighted average reported. The filer offers to provide full execution details on request.
• Shares owned after transaction: not specified in this filing.
• Derivative reporting: the filing includes the option exercise and the subsequent sale — effectively a cashless exercise (shares acquired via option exercise were sold immediately).

Context
This is a routine insider exercise-plus-sale (cashless exercise) rather than a simple open-market buy. Such transactions convert option holdings into cash and do not necessarily indicate a change in a manager’s view of the company; they are often used to cover option costs and taxes. The filing does not allege any 10% ownership status or special plans (e.g., 10b5-1) for these trades.