Simonelli Lorenzo 4

What Happened
Lorenzo Simonelli, Chairman, President and CEO of Baker Hughes (BKR), exercised 187,343 stock options (reported as "M" transactions) and then sold 272,593 shares in an open‑market transaction on March 4, 2026. The exercise recorded an acquisition value of $6,688,145 (exercise price $35.70 per share). The open‑market sale generated proceeds of approximately $16,663,610 at a weighted average price of $61.13.

Key Details

• Transaction date: March 4, 2026.
• Options exercised: 187,343 shares at $35.70 (total exercise cost shown as $6,688,145). (Code M)
• Shares sold: 272,593 shares in open market at weighted avg $61.13, proceeds ≈ $16,663,610. (Code S)
• Weighted sale price range: $60.54 to $62.28 (footnote F2).
• Filing notes: Sale was made pursuant to a Rule 10b5‑1 trading plan adopted Nov 10, 2025 (footnote F1).
• Option origin: Grant dated Aug 1, 2017; vested in three equal annual installments beginning Aug 1, 2018 (footnote F3).
• Shares owned after transaction: not specified in the provided excerpt.
• No late‑filing indication provided in the supplied data.

Context
The filing shows an option exercise combined with an open‑market sale. That pattern is commonly a cashless exercise or exercise followed by selling some or all shares, often to cover taxes or diversify—this form is factual and does not imply motivation. The sale was executed under a pre‑arranged 10b5‑1 plan, which establishes trading parameters in advance and is routinely used by executives to comply with insider trading rules.