HEILBRONN FRANCOIS 4

What Happened

• Francois Heilbronn, a director of Inter Parfums (IPAR), exercised stock options on 2026-01-23 to acquire 1,500 shares at an exercise price of $62.18 per share, for a total cost of $93,270. The Form 4 also shows four derivative dispositions of 375 shares each at $0.00 (totaling 1,500 shares), which match the number of shares acquired.

Key Details

• Transaction date: 2026-01-23; Form 4 filed: 2026-01-26 (timely).
• Acquired: 1,500 shares @ $62.18 = $93,270.
• Disposed (derivative entries): 4 × 375 shares @ $0.00 = 1,500 shares (derivative dispositions).
• Shares owned after the transactions: not specified in the provided data.
• Notable: The derivative dispositions at $0.00 align with common share withholding or surrender to satisfy tax or payment obligations related to an option exercise (the filing treats these as dispositions, not open-market sales).

Context

• For option exercises, it’s common for insiders to either pay cash to receive all shares or to surrender a portion of the newly issued shares to cover taxes or exercise costs (a net settlement). Here, the net effect shown in the filing is acquisition of 1,500 shares via exercise and simultaneous surrender of 1,500 shares, indicating withholding/surrender rather than an open-market sale. This is typically procedural and doesn't necessarily signal a change in the insider’s view of the company.