BENSOUSSAN TORRES ROBERT 4

What Happened

• Robert Bensoussan, a director of Interparfums Inc. (IPAR), exercised stock option rights on 2026-01-22 to acquire 1,500 shares at an exercise price of $62.18 per share, a transaction valued at $93,270.
• The filing also reports four separate derivative disposals of 375 shares each at $0.00 (each reported as an M-code derivative transaction on the same date). These disposals are listed at $0 in the filing.

Key Details

• Transaction date: 2026-01-22 (Form 4 filed 2026-01-23; filing appears timely).
• Acquired: 1,500 shares via option exercise at $62.18 — total cash paid $93,270.
• Disposed: 4 × 375 shares at $0.00 (derivative entries) reported on same date.
• Shares owned after transaction: not specified in the provided data.
• Transaction code: M = exercise/conversion of derivative. Disposals reported at $0 often reflect shares withheld to satisfy tax withholding or similar mechanics (see Context).
• No indication in the provided data of a 10b5-1 plan or other special plan; no late filing flag noted.

Context

• For option exercises it’s common for some shares to be surrendered or withheld to cover exercise costs or tax withholding; when those withheld/surrendered shares are reported at $0, they typically reflect that mechanic rather than an open‑market sale.
• An exercised option is not the same as an open‑market purchase or sale: it reflects conversion of a derivative right into shares. Purchases (net cash outflow to acquire shares) are often viewed as a more direct bullish signal than routine tax withholding or option exercises.
• This summary is factual only; the filing does not state motivations behind the transactions.