Incyte Corp (INCY) EVP sells 2,207 shares after option exercise
Rhea-AI Filing Summary
INCYTE CORP EVP & Chief Scientific Officer Patrick A. Mayes exercised employee stock options covering 2,207 shares at $106.47 on August 5, 2026, then sold 2,207 common shares at $123.99 per share under a Rule 10b5-1 trading plan.
Footnotes state the option award was fully vested and exercisable as of that date and note 59,537 shares of common stock issuable from previously reported restricted stock units that have not vested.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 2,207 shares ($39K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Mayes Patrick A
Role
EVP & Chief Scientific Officer
Sold
2,207 shs ($274K)
Approx. gross sale proceeds
$274K
Approx. exercise cost
$235K
Approx. pre-tax spread
$39K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F2 | 2,207 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,207 | $106.47 | $235K |
| Sale | Common Stock F1 | 2,207 | $123.99 | $274K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 61,441 shares (Direct)
Footnotes (2)
- F1. This includes an aggregate of 59,537 shares of common stock issuable pursuant to previously reported restricted stock units have not vested.
- F2. As of August 5th, 2026, the award is fully vested and exercisable
Key Figures
Options exercised: 2,207 shares
Option exercise price: $106.47 per share
Shares sold: 2,207 shares
+3 more
6 metrics
Options exercised
2,207 shares
Employee stock options converted into common stock on 2026-08-05
Option exercise price
$106.47 per share
Exercise price for the employee stock option covering 2,207 shares
Shares sold
2,207 shares
Common stock sold on 2026-08-05 following the option exercise
Sale price
$123.99 per share
Per-share price for the sale of 2,207 Incyte common shares
Unvested RSUs
59,537 shares
Shares of common stock issuable from previously reported restricted stock units that have not vested
Option expiration date
2030-07-01
Expiration date of the employee stock option prior to its exercise
Key Terms
Employee Stock Option (right to buy), restricted stock units, fully vested and exercisable, Rule 10b5-1
4 terms
Employee Stock Option (right to buy) financial
"Security title reported as Employee Stock Option (right to buy) for 2,207 shares"
restricted stock units financial
"Footnote notes 59,537 shares of common stock issuable pursuant to previously reported restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
fully vested and exercisable financial
"Footnote states that as of August 5th, 2026, the award is fully vested and exercisable"
Rule 10b5-1 financial
"Transactions are indicated as effected pursuant to a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Incyte (INCY) report for Patrick A. Mayes on August 5, 2026?
Incyte reported that EVP Patrick A. Mayes exercised employee stock options for 2,207 shares at $106.47 and sold 2,207 common shares at $123.99 on August 5, 2026, with the trades executed under a Rule 10b5-1 trading plan.
Were Patrick A. Mayes’s Incyte (INCY) trades made under a Rule 10b5-1 plan?
Yes. The filing indicates the Rule 10b5-1 checkbox is marked, meaning the reported transactions were effected under a Rule 10b5-1 pre-arranged trading plan, which is designed to allow executives to sell shares according to preset instructions.
What unvested equity awards does Patrick A. Mayes still have at Incyte (INCY)?
A footnote states that his holdings include 59,537 shares of common stock issuable pursuant to previously reported restricted stock units that have not yet vested, indicating a substantial remaining equity-based compensation position separate from the shares involved in this transaction.
What type of security did Patrick A. Mayes exercise in this Incyte (INCY) Form 4 filing?
He exercised an Employee Stock Option (right to buy) for 2,207 shares of common stock at an exercise price of $106.47, with the option reported as fully vested and exercisable as of August 5, 2026, and expiring on 2030-07-01.