Burns Thomas William 4

What Happened

• Thomas W. Burns, Chairman & CEO of Glaukos (GKOS), exercised stock options on 2026-02-09 to acquire 166,000 shares at an exercise price of $30.92 per share, paying $5,132,720 in total. The filing also shows a related conversion/disposition entry for the derivative instrument.
• On 2026-02-06 Burns transferred 67,353 shares to the Burns Family Trust (reported as a gift/transfer). Gift transfers between an insider and a family trust are not a market sale and do not necessarily indicate sentiment.

Key Details

• Dates and prices:
  • 2026-02-06: Gift/transfer of 67,353 shares (reported as $0).
  • 2026-02-09: Exercise/conversion of derivative to acquire 166,000 shares at $30.92 each (total $5,132,720).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: The 67,353-share transfer reflects moving shares from Burns’s direct ownership to the Burns Family Trust.
  • F2: Filing notes 89,621 restricted stock units that are unvested/not yet delivered and a 3,199-share clerical correction.
  • F3: The underlying options vest over four years (25% after one year, then monthly over three years).
• Filing timeliness: Form filed 2026-02-10 covering transactions dated 2026-02-06 and 2026-02-09; no late-filing flag was provided in the excerpt.

Context

• The 166,000-share transaction was an exercise of options (the insider paid cash to buy the shares), not an immediate open-market sale — so this is a purchase/acquisition event rather than a disposition for proceeds.
• Gifts or transfers to a family trust are routine estate/planning moves and don't necessarily reflect trading sentiment.
• The filing also discloses unvested restricted stock units and a vesting schedule for options, which affect future insider holdings.