Exponent (EXPO) CEO sells shares to fund option exercise and taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exponent Inc. President & CEO Catherine Corrigan reported an option exercise and related share sales. On May 15, 2026, she exercised options for a total of 5,606 shares of common stock at strike prices of $29.05 and $25.405 per share, converting derivative awards into regular shares.
On the same date, she sold 4,194 shares of common stock in open-market transactions at an average price of $54.0595 per share. A footnote states these sales were made to cover the option exercise price and taxes, indicating a routine liquidity event rather than a purely discretionary sale. After these transactions, Corrigan directly owns 105,218 shares of Exponent common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,194 shares ($226,726)
Net Sell
6 txns
Insider
Corrigan Catherine
Role
President & CEO
Sold
4,194 shs ($227K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 3,226 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 2,380 | $0.00 | -- |
| Exercise | Common Stock | 3,226 | $25.405 | $82K |
| Sale | Common Stock | 2,367 | $54.0595 | $128K |
| Exercise | Common Stock | 2,380 | $29.05 | $69K |
| Sale | Common Stock | 1,827 | $54.0595 | $99K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 3,225 shares (Direct, null);
Common Stock — 107,585 shares (Direct, null)
Footnotes (1)
- Stock sale was to cover the option exercise price and taxes. The stock option becomes exercisable in four equal annual installments. Not applicable.
Key Figures
Shares sold: 4,194 shares
Sale price: $54.0595/share
Options exercised: 5,606 shares
+4 more
7 metrics
Shares sold
4,194 shares
Common stock sold on May 15, 2026
Sale price
$54.0595/share
Average price for common stock sales
Options exercised
5,606 shares
Common shares from option exercises on May 15, 2026
Strike price 1
$29.05/share
Exercise price for 2,380-share option
Strike price 2
$25.405/share
Exercise price for 3,226-share option
Post-transaction holdings
105,218 shares
Common stock directly owned after transactions
Net share change
-4,194 shares
Net buy/sell direction reported as net-sell
Key Terms
open-market sale, Non-Qualified Stock Option (right to buy), derivative security, stock option becomes exercisable in four equal annual installments
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Non-Qualified Stock Option (right to buy) financial
"security_title: Non-Qualified Stock Option (right to buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
stock option becomes exercisable in four equal annual installments financial
"footnote: The stock option becomes exercisable in four equal annual installments."
FAQ
What did Exponent (EXPO) CEO Catherine Corrigan do in this Form 4 filing?
Catherine Corrigan exercised stock options for 5,606 Exponent shares and sold 4,194 shares on May 15, 2026. The sales were disclosed as open-market transactions and were noted as covering the option exercise cost and related taxes.
How many stock options did the Exponent (EXPO) CEO exercise and at what strike prices?
Corrigan exercised options covering 5,606 Exponent shares at strike prices of $29.05 and $25.405 per share. These exercises converted non-qualified stock options into common stock as part of her compensation, according to the Form 4 transaction details.