[Form 3] Incyte Genomics Inc Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Form 3 filing snapshot: On 21 Jul 2025 Patrick A. Mayes—newly appointed EVP & Chief Scientific Officer of Incyte Corp. (INCY)—submitted his initial statement of beneficial ownership.

• Direct equity: 67,388 common shares, the bulk of which are restricted stock units scheduled to vest between 2025-2028.
• Derivative exposure: 57,080 employee stock options across 15 grants; strike prices range from $61.18 to $106.47 with expirations from 2027-2035. Most awards are either fully vested or vest monthly/annually over four years.

The filing establishes Mayes as a Section 16 insider and documents equity-based incentives that align his compensation with shareholder value. No purchases or sales occurred, so immediate market impact is minimal.

Positive

• Executive ownership of 67,388 shares and 57,080 options indicates meaningful equity alignment with shareholders.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine Form 3; new EVP discloses sizeable equity stake—governance compliance, low market impact.

This initial filing simply brings Patrick A. Mayes under Section 16 reporting following his promotion. The combined 67 k shares and 57 k options represent a meaningful personal stake but do not alter the firm’s capitalization. Strike dispersion (≈$61–$106) suggests upside-weighted incentives. Because there are no open-market transactions, the disclosure is informational rather than directional for investors.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Mayes Patrick A

(Last) (First) (Middle)

1801 AUGUSTINE CUT-OFF

(Street)

WILMINGTON DE 19803

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2025

3. Issuer Name and Ticker or Trading Symbol
INCYTE CORP [ INCY ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Scientific Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	67,388(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	(2)	11/06/2027	Common Stock	6,381	$105.43	D
Employee Stock Option (right to buy)	(2)	07/01/2028	Common Stock	3,148	$68.62	D
Employee Stock Option (right to buy)	(2)	01/03/2029	Common Stock	9,459	$72.27	D
Employee Stock Option (right to buy)	(2)	07/01/2029	Common Stock	1,642	$85.01	D
Employee Stock Option (right to buy)	(2)	01/16/2030	Common Stock	1,643	$80.5	D
Employee Stock Option (right to buy)	(2)	07/01/2030	Common Stock	2,292	$106.47	D
Employee Stock Option (right to buy)	(2)	01/14/2031	Common Stock	2,293	$90.56	D
Employee Stock Option (right to buy)	(2)	07/01/2031	Common Stock	2,263	$83.58	D
Employee Stock Option (right to buy)	(2)	01/18/2032	Common Stock	2,623	$74.78	D
Employee Stock Option (right to buy)	(3)	07/01/2032	Common Stock	3,055	$77.67	D
Employee Stock Option (right to buy)	(4)	01/19/2033	Common Stock	3,225	$83.2	D
Employee Stock Option (right to buy)	(5)	07/13/2033	Common Stock	3,942	$61.76	D
Employee Stock Option (right to buy)	(6)	01/17/2034	Common Stock	4,246	$61.18	D
Employee Stock Option (right to buy)	(7)	07/14/2034	Common Stock	5,222	$64.25	D
Employee Stock Option (right to buy)	(8)	01/16/2035	Common Stock	4,737	$71.93	D
Employee Stock Option (right to buy)	(9)	07/14/2035	Common Stock	5,846	$68.25	D

Explanation of Responses:

1. This includes: 3,533 restricted stock units ("RSUs") granted on October 1, 2021 that will vest fully on October 1, 2025; 1,128 RSUs granted on July 2, 2022 that will fully on July 2, 2026; 3,079 RSUs granted on January 20, 2023 that will vest fully on January 20, 2027; 2,820 RSUs granted on July 14, 2023 that will vest 1,140 on July 14, 2026 and July 14, 2027; 5,253 RSUs granted on July 15, 2024 that will vest 1,751 on July 15, 2026, July 15, 2027 and July 15, 2028; 39,783 RSUs granted on June 6, 2025 that will vest fully on June 6, 2028; and 7,795 RSUs granted on July 15, 2025 that will vest 25% annually over four years.

2. As of July 21st, 2025, the award is fully vested and exercisable

3. Options granted on July 2, 2022 and will vest monthly through July 2, 2026

4. Options granted on January 20, 2023 and will vest monthly through July 2, 2026

5. Options granted on July 14, 2023 and will vest monthly through July 14, 2027

6. Options granted on January 18, 2024 and will vest monthly through July 14, 2027

7. Options granted on July 15, 2024 and will vest monthly through July 15, 2028

8. Options granted on January 17, 2025 and will vest monthly through July 15, 2028

9. Options granted on July 15, 2025 options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years.

Remarks:

	/s/ Elizabeth Feeney, Attorney-In-Fact	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 3 for INCY on 5 Aug 2025?

Patrick A. Mayes, the newly appointed EVP & Chief Scientific Officer, filed the Form 3.

How many Incyte (INCY) shares does Patrick Mayes own?

He directly owns 67,388 common shares, mostly in the form of restricted stock units.

What stock options were disclosed in the Form 3?

Mayes reported 57,080 employee stock options with strikes from $61.18–$106.47, expiring between 2027 and 2035.

Does the Form 3 show any recent insider purchase or sale?

No. The filing only reports existing holdings; no transactions were executed.

Why was a Form 3 required for Patrick Mayes?

His elevation to executive officer status made him a Section 16 insider, triggering the need for an initial ownership statement.