Doyle Alvaro 4

What Happened
Doyle Alvaro, Vice President and Chief Investment Officer of Vicor Corp (VICR), exercised a total of 8,000 stock options and immediately sold the resulting shares in the open market on 2026-04-23. Reported details: he exercised 6,000 options at $46.96/share (cost $281,760) and 2,000 options at $69.04/share (cost $138,080), for total exercise payments of $419,840. He sold 6,000 shares at $259.90 (reported proceeds $1,559,420) and 2,000 shares at $259.90 (reported proceeds $519,807), for total reported sale proceeds of $2,079,227. The filing also shows corresponding derivative dispositions reported at $0.00, consistent with option exercises that extinguished the underlying awards.

Key Details

• Transaction date (period of report): 2026-04-23; Form 4 filed 2026-04-27.
• Exercises: 6,000 @ $46.96 ($281,760) and 2,000 @ $69.04 ($138,080) — total exercise cost $419,840.
• Sales: 6,000 @ $259.90 (reported $1,559,420) and 2,000 @ $259.90 (reported $519,807) — total proceeds $2,079,227.
• Derivative entries: two dispositions of derivative securities for 6,000 and 2,000 shares reported at $0.00 (reflects option extinguishment on exercise).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 — options granted 4/3/2023, vest over five years; F2 — options granted 6/24/2020, vest over five years.
• Filing timeliness: no late-filing flag indicated in the supplied data.

Context
This was an option exercise followed by immediate open-market sales (a cashless exercise pattern): the insider paid the exercise prices to convert options into shares and sold those shares the same day. Such transactions are common for executives to monetize vested option values and do not, by themselves, indicate a change in company outlook.