Hicke Ryan 4

What Happened

• Ryan Hicke, CEO of SEI Investments Co. (SEIC), exercised a total of 80,000 option-derived shares on Jan 29, 2026 (transaction code M) at multiple strike prices, paying about $4,904,275 in aggregate. He concurrently sold 80,000 shares in open-market transactions the same day for approximately $6,989,060 in total proceeds.
• Breakdown of exercised lots (acquired): 12,500 @ $71.12 ($889,000); 12,500 @ $71.12 ($889,000); 17,500 @ $48.47 ($848,225); 20,000 @ $64.43 ($1,288,600); 17,500 @ $56.54 ($989,450). Open-market sales (disposed): 17,009 shares, 49,937 shares, and 13,054 shares at weighted average prices reported as $86.75, $87.39 and $88.06 respectively.
• This pattern (exercise of options followed by sale of the same number of shares) is consistent with a cashless exercise / immediate sale to cover exercise cost, taxes, or diversify—sales are often routine rather than a straightforward bullish or bearish signal.

Key Details

• Transaction date: January 29, 2026; Form 4 filed February 2, 2026 (filed within the standard reporting window).
• Total exercised: 80,000 shares; total acquired cost ≈ $4,904,275.
• Total sold: 80,000 shares; total proceeds ≈ $6,989,060.
• Sale price detail: weighted-average ranges reported in footnotes — F1: $86.50–$86.97 (weighted avg shown $86.75); F2: $87.00–$87.99 (weighted avg $87.39); F3: $88.00–$88.25 (weighted avg $88.06). The filer will provide a breakdown on request per the footnotes.
• Footnote F4: some securities are noted as “received as employment compensation.”
• Shares beneficially owned after these transactions: not disclosed on this Form 4.
• Transaction code M = exercise or conversion of derivative; the Form also lists matching derivative disposals (N/A price) reflecting the exercised-and-sold flow.

Context

• Because the exercised shares equal the shares sold, this appears to be a cashless exercise (options exercised and the shares sold immediately). That is common for covering exercise costs, tax withholding, or partial monetization.
• These transactions are factual disclosures of insider activity and do not, by themselves, indicate the CEO’s future view of the stock. Purchases (more informative) should be weighed against routine option exercises and company compensation practices.