[144] INCYTE CORP SEC Filing

Rhea-AI Filing Summary

Form 144 filing for INCY by named seller Barry Flannelly. The filer notifies a proposed sale of 17,447 common shares valued at $1,487,531.22 to be sold through Morgan Stanley Smith Barney LLC on the NASDAQ with an approximate sale date of 09/18/2025. The shares were acquired on 09/18/2025 by stock option exercise from the issuer and payment was made in cash the same day. The filing also lists five prior Common share sales by Barry Flannelly during July–August 2025 totaling 101,435 shares for gross proceeds of $8,631,432.53. The notice includes the required attestation about possession of material non-public information.

Positive

• Clear compliance disclosure with broker, share counts, acquisition method, and aggregate market value
• Transaction details specify acquisition by stock option exercise and same-day cash payment, which clarifies the origin of the shares

Negative

• Material insider selling activity disclosed: 101,435 shares sold in July–August 2025 for gross proceeds of $8,631,432.53
• Proposed additional sale of 17,447 shares ($1,487,531.22) increases total insider dispositions in the recent period

Insights

Securities Compliance Analyst

TL;DR: Insider filed a Rule 144 notice for a same-day exercise and planned sale of 17,447 shares through Morgan Stanley.

This Form 144 documents a proposed sale consistent with Rule 144 mechanics: acquisition by stock option exercise and planned disposition through a broker on the NASDAQ. The filing provides clear transaction timing, broker details, and aggregate market value, supporting compliance with Section 16/Rule 144 disclosure requirements. The presence of multiple recent sales by the same individual is disclosed, with precise shares sold and gross proceeds reported, which is important for trading transparency and monitoring potential insider disposition activity.

Equity Capital Markets Specialist

TL;DR: The transaction is quantified and routed through a major broker; impact appears procedural rather than transformative.

The filing quantifies the proposed sale at $1,487,531.22 and lists the broker as Morgan Stanley Smith Barney LLC, indicating a standard institutional execution channel. The shares were acquired and paid for on the same date via option exercise, which typically precedes insider sales to cover exercise costs or tax obligations. The disclosed prior sales total 101,435 shares with gross proceeds of $8,631,432.53, providing investors factual data to assess recent insider selling volume. From an ECM perspective, the filing is operational rather than a corporate-capital event.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	17447	1487531.22	195276145	09/18/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/18/2025	Stock Option Exercise	Issuer			17447	09/18/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
BARRY FLANNELLY 1801 Augustine Cut-Off Wilmington DE 19803	Common	08/13/2025	75963	6267540.00
BARRY FLANNELLY 1801 Augustine Cut-Off Wilmington DE 19803	Common	08/12/2025	14037	1122969.83
BARRY FLANNELLY 1801 Augustine Cut-Off Wilmington DE 19803	Common	07/16/2025	1340	91602.40
BARRY FLANNELLY 1801 Augustine Cut-Off Wilmington DE 19803	Common	07/15/2025	1192	83273.12
BARRY FLANNELLY 1801 Augustine Cut-Off Wilmington DE 19803	Common	07/03/2025	10903	743048.18

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does INCY Form 144 filed by Barry Flannelly report?

The filing reports a proposed sale of 17,447 common shares valued at $1,487,531.22, to be sold via Morgan Stanley Smith Barney LLC on NASDAQ with an approximate sale date of 09/18/2025.

How were the 17,447 shares acquired according to the Form 144?

The shares were acquired on 09/18/2025 by stock option exercise from the issuer and payment was made in cash on that date.

What recent insider sales by Barry Flannelly are disclosed in the filing?

Five prior sales between 07/03/2025 and 08/13/2025 totaling 101,435 shares for gross proceeds of $8,631,432.53 are listed.

Which broker will handle the proposed sale listed in the INCY Form 144?

Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004 is named as the broker.

On which exchange is the proposed sale expected to occur?

The filing specifies NASDAQ as the securities exchange for the proposed sale.