Doyle Alvaro 4

What Happened

• Doyle Alvaro, Vice President and Chief Investment Officer of Vicor Corp (VICR), exercised stock options and immediately sold the resulting shares on Feb 23, 2026. He exercised a series of option tranches and sold a total of 7,913 shares in open-market transactions at $172.83 per share, generating gross proceeds of approximately $1,367,631.
• The exercises required aggregate cash payments of roughly $365,244 (strikes ranged from $24.15 to $75.43). The filing also lists corresponding derivative dispositions at $0.00, which reflect the option instruments being converted/removed upon exercise.

Key Details

• Transaction date: 2026-02-23; filing date: 2026-02-24 (timely).
• Exercised/Acquired (examples):
  • 3,000 shares exercised @ $24.15 (paid $72,450)
  • 2,000 shares exercised @ $48.38 (paid $96,760)
  • 1,162 shares exercised @ $60.61 (paid $70,429)
  • 1,013 shares exercised @ $69.04 (paid $69,938)
  • 738 shares exercised @ $75.43 (paid $55,667)
• Sold (open market) matching lots: 7,913 shares sold @ $172.83 for total proceeds ≈ $1,367,631.
• Footnote: Options expire two years from each vesting date.
• Shares owned after the transactions are not provided in the summary data supplied here.
• Not reported as a 10% owner; this is executive-level trading.

Context

• This was essentially a cashless exercise: options were exercised and the acquired shares were sold the same day. The separate derivative disposals reported at $0.00 reflect cancellation/conversion of the option instruments upon exercise, not additional cash transactions.
• Sales by insiders are common and can be for routine or tax-liability reasons; this report is factual and does not indicate the insider’s view of the company.