Exponent (EXPO) CEO exercises 5,605 options, sells shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exponent Inc. President & CEO Catherine Corrigan reported an option exercise and related stock sales in Exponent Inc. common stock. On June 15, 2026, she exercised non-qualified stock options covering 5,605 shares at exercise prices of $29.05 and $25.405 per share.
On the same date, she executed open-market sales totaling 4,119 shares at an average price of $57.1263 per share to cover the option exercise price and taxes, according to the footnote. After these transactions, she directly holds 106,670 shares of Exponent common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,119 shares ($235,303)
Net Sell
6 txns
Insider
Corrigan Catherine
Role
President & CEO
Sold
4,119 shs ($235K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 3,225 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 2,380 | $0.00 | -- |
| Exercise | Common Stock | 3,225 | $25.405 | $82K |
| Sale | Common Stock | 2,326 | $57.1263 | $133K |
| Exercise | Common Stock | 2,380 | $29.05 | $69K |
| Sale | Common Stock | 1,793 | $57.1263 | $102K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 108,996 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: 4,119 shares
Sale price: $57.1263 per share
Options exercised: 5,605 shares
+4 more
7 metrics
Shares sold
4,119 shares
Open-market sales on June 15, 2026 at $57.1263/share
Sale price
$57.1263 per share
Average price for 4,119 common shares sold
Options exercised
5,605 shares
Non-qualified stock options exercised on June 15, 2026
Exercise price 1
$29.05 per share
Non-qualified stock option with 2,380 underlying shares
Exercise price 2
$25.405 per share
Non-qualified stock option with 3,225 underlying shares
Post-transaction holdings
106,670 shares
Common stock directly owned after transactions
Net-sell shares
4,119 shares
transactionSummary netBuySellShares reported as net-sell
Key Terms
Non-Qualified Stock Option (right to buy), open-market sale, derivative security, Form 4
4 terms
Non-Qualified Stock Option (right to buy) financial
"Security title listed as Non-Qualified Stock Option (right to buy) with underlying common shares"
open-market sale financial
"Transaction action described as open-market sale with code S for common stock"
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.
derivative security financial
"Transaction code description notes exercise or conversion of derivative security for options"
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.
Form 4 regulatory
"Insider transaction reported as Form 4 for Exponent Inc. common stock"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Exponent (EXPO) CEO Catherine Corrigan report in this Form 4?
Catherine Corrigan reported exercising stock options and selling some Exponent shares. She exercised options for 5,605 shares and sold 4,119 shares in open-market transactions linked to covering exercise costs and taxes, while retaining a significant direct holding.
How many Exponent (EXPO) stock options did the CEO exercise?
She exercised non-qualified stock options covering a total of 5,605 shares. The options had exercise prices of $29.05 and $25.405 per share. This converted previously granted options into common stock as part of her compensation package.
Were any Exponent (EXPO) stock options left unexercised in this Form 4?
The filing shows exercises of non-qualified stock options and an empty remaining derivative position in the summary. This indicates the specific options referenced in the transactions were exercised in full, with no remaining balance from those particular grants.