Interparfums Director Veronique Gabai-Pinsky Exercises Options, Sells Shares

What Happened

• Veronique Gabai‑Pinsky, a director of Interparfums (IPAR), exercised derivatives and sold shares on 2026-08-27. She exercised options to acquire 900 shares at $97.84 per share (total cost $88,056) and sold 900 shares in an open‑market transaction at $116.86 per share for proceeds of $105,173.
• The Form 4 also reports three separate derivative dispositions of 300 shares each listed at $0.00 (three lines of 300 shares marked as disposed). Those zero‑dollar derivative entries are reported on the filing but are not accompanied by a cash value in the provided data.

Key Details

• Transaction date: 2026-08-27.
• Exercise: 900 shares acquired at $97.84 each — $88,056 total (transaction code M = option exercise/conversion).
• Sale: 900 shares sold at $116.86 each — $105,173 total (transaction code S = sale).
• Additional derivative dispositions: 3 × 300 shares at $0.00 listed as disposed (reported as derivative transactions).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Timeliness: Filing date and period both 2026-08-27 — appears to be timely (no late filing indicated).
• Transaction codes: M = exercise/conversion of derivative; S = sale.

Context

• Because the exercise and sale occurred the same day for the same number of shares, this is consistent with an immediate sale following option exercise (commonly called a cashless exercise or simultaneous exercise-and-sell), which converts option value to cash rather than creating a long-term hold. The three zero‑dollar derivative disposals reported may reflect withholding or net settlement mechanics often used to cover taxes or exercise costs but are reported here without cash amounts; the filing does not detail the reason.
• These entries are factual reporting of trades by a director and do not by themselves indicate the director’s future views or the company’s prospects.