Schmidt James F 4

What Happened

• James F. Schmidt, CFO (also Treasurer, Secretary and Director) of Vicor Corp (VICR), exercised 754 stock options and immediately sold the 754 resulting shares in an open-market transaction. The options were exercised at $53.07 per share (total exercise cost $40,015), and the shares were sold at $330.00 per share for gross proceeds of $248,820. The filing shows the derivative (the options) was converted/removed in connection with the exercise.

Key Details

• Transaction date: June 23, 2026 (Form 4 filed June 24, 2026 — timely filing).
• Exercise: 754 shares exercised at $53.07 each (total cost $40,015) — reporting code M.
• Sale: 754 shares sold in the open market at $330.00 each (gross proceeds $248,820) — reporting code S.
• Footnote: The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2025.
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: filed the next day (not indicated as late).

Context

• This sequence (exercise of options followed by immediate sale) is effectively a cashless exercise: the insider exercised options and sold the resulting shares rather than holding them long-term. The presence of a Rule 10b5-1 plan indicates the sale was made under a prearranged trading program, which is common for executives and can reduce questions about opportunistic timing. This transaction is a sale (realizing proceeds) rather than a fresh purchase signal for investors.