Ichor (ICHR) CEO Philip Barros Sells Shares After Exercising Options

What Happened
Philip R. Barros Sr., CEO of Ichor Holdings (ICHR), exercised 1,403 stock options (cost $21.76/share, $30,529 total) and on the same day sold 13,705 shares in the open market for a weighted average price of $70.19 per share (total ~$961,954). The Form 4 also reports 1,403 shares as “disposed” at $0 in connection with the derivative transaction (see Key Details).

Key Details

• Transaction date: 2026-06-04; Form filed: 2026-06-05 (appears filed the next day).
• Exercise: 1,403 shares exercised at $21.76 each — total cash cost reported $30,529.
• Sale: 13,705 shares sold, weighted avg price $70.19, proceeds reported $961,954; sale prices ranged $68.51–$72.22.
• Additional derivative entry: 1,403 shares reported disposed at $0 in the filing (reported as a separate M-line). Such entries commonly reflect shares surrendered/withheld in connection with the exercise (e.g., to cover exercise cost or tax withholding).
• Plan note: The sales were made under a Rule 10b5-1 trading plan adopted by Mr. Barros on March 5, 2026.
• Vesting note: The option schedule (per filing) vested 25% on May 12, 2021, with the remainder vesting quarterly over the following three years.
• Shares owned after transaction: not specified in the provided excerpt — see the full Form 4 for post-transaction beneficial ownership.

Context
This filing shows an option exercise coupled with an open-market sale the same day—consistent with exercising options and selling shares to realize gains or cover costs/taxes. The sale was executed under a pre-established 10b5-1 plan, which typically indicates a pre-planned disposition rather than an ad-hoc trade.