Schmidt James F 4

What Happened

• James F. Schmidt, CFO (also Treasurer, Secretary & Director) of Vicor Corp., exercised options for 331 shares and immediately sold 331 shares on June 24, 2026.
• Exercise: 331 shares at an exercise price of $60.37 = $19,982 paid. Open-market sale: 331 shares at $334.90 = $110,852 proceeds. The filing also reports a derivative disposition of 331 shares at $0.00 (see Key Details).
• This sequence (exercise followed by same-day sale) is effectively a cashless exercise where shares are sold upon exercise; sales are often routine liquidity events rather than directional investment statements.

Key Details

• Transaction date: June 24, 2026; Form 4 filed June 25, 2026 (timely).
• Exercise: 331 shares @ $60.37 (total cost $19,982). Sale: 331 shares @ $334.90 (gross proceeds $110,852).
• Additional line: 331 shares reported as a derivative disposition at $0.00 (filing does not explain the zero-dollar disposition).
• Footnote: Sale was effected pursuant to a Rule 10b5-1 trading plan adopted Dec 10, 2025.
• Shares owned after transaction: not disclosed in the provided filing.

Context

• Because the exercised shares were sold the same day, this appears to be a cashless exercise and immediate disposition — a common way for insiders to monetize option gains.
• The 10b5-1 plan note indicates the sale was pre-arranged under an established trading plan, which reduces the likelihood it was timed based on non-public information.
• No indication of a late filing; amounts are modest relative to many insider transactions but show a realized gain from the exercised options.