Incyte officer sells 2,051 shares in open market

INCYTE CORP Principal Accounting Officer Tray Thomas reported an open-market sale of 2,051 shares of common stock at $97.35 per share.

Rhea-AI Filing Summary

INCYTE CORP Principal Accounting Officer Tray Thomas reported an open-market sale of 2,051 shares of common stock at $97.35 per share. After this transaction, Thomas directly holds 21,132 shares. A footnote states that these holdings include 15,166 shares issuable from previously reported, unvested restricted stock units.

Insider Trade Summary 10b5-1

Net Seller: 2,051 shares

Net Sell 1 txn

Insider Tray Thomas

Role Principal Accounting Officer

Sold 2,051 shs ($200K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,051	$97.35	$200K

Holdings After Transaction: Common Stock — 21,132 shares (Direct)

Footnotes (1)

1. F1. This includes an aggregate of 15,166 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.

Key Figures

Shares sold: 2,051 shares Sale price: $97.35 per share Shares held after sale: 21,132 shares +1 more

4 metrics

Shares sold 2,051 shares Open-market sale of common stock

Sale price $97.35 per share Reported transaction price

Shares held after sale 21,132 shares Direct ownership following transaction

Unvested RSU-related shares 15,166 shares Shares issuable from unvested restricted stock units

Key Terms

open-market sale, restricted stock units, Principal Accounting Officer, Form 4

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.

restricted stock units financial

"shares 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.

Principal Accounting Officer financial

"officer_title: "Principal Accounting Officer""

The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Tray Thomas report for INCY?

Tray Thomas reported an open-market sale of 2,051 shares of INCYTE CORP common stock. The transaction is disclosed on a Form 4 and reflects a routine change in his direct equity position with the company.

At what price did Tray Thomas sell INCYTE CORP shares?

Tray Thomas sold 2,051 shares of INCYTE CORP common stock at $97.35 per share. This reported price represents the transaction value used to calculate the proceeds from this specific open-market sale.

How many INCYTE CORP shares does Tray Thomas hold after the sale?

Following the sale, Tray Thomas directly holds 21,132 shares of INCYTE CORP common stock. This post-transaction balance is disclosed in the Form 4 as his direct ownership after the 2,051-share disposition.

What restricted stock units are reported for Tray Thomas at INCYTE CORP?

A footnote explains that Tray Thomas’ reported holdings include 15,166 shares of common stock issuable from previously reported restricted stock units. These restricted stock units have not yet vested but are part of his overall equity-based compensation.

What role does Tray Thomas hold at INCYTE CORP?

Tray Thomas serves as Principal Accounting Officer at INCYTE CORP. His position is identified in the insider ownership data, clarifying that the reported transaction involves a senior finance executive of the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 04:03 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tray Thomas

(Last) (First) (Middle)

1801 AUGUSTINE CUT-OFF

(Street)

WILMINGTON DELAWARE 19803

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/26/2026		S		2,051	D	$97.35	21,132(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This includes an aggregate of 15,166 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.

Remarks:

	/s/ Elizabeth Feeney, Attorney-In-Fact	05/28/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)