Incyte awards RSUs and options to accounting chief

Incyte Corp reported that Principal Accounting Officer Tray Thomas received equity awards on July 16, 2026.

Rhea-AI Filing Summary

Incyte Corp reported that Principal Accounting Officer Tray Thomas received equity awards on July 16, 2026. He was granted 2,834 restricted stock units (RSUs), vesting 25% annually over four years, and 4,079 employee stock options with a $116.65 exercise price, expiring July 15, 2036, vesting 25% after one year then monthly over three years. Following these grants he directly holds 21,699 common shares, including 13,070 shares issuable from previously reported unvested RSUs.

Insider Trade Summary

Grant/Award: 6,913 shares

Grant/Award 2 txns

Insider Tray Thomas

Role Principal Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Employee Stock Option (right to buy) F3	4,079	$0.00	$0.00
Grant/Award	Common Stock F1, F2	2,834	$0.00	$0.00

Holdings After Transaction: Employee Stock Option (right to buy) — 4,079 contracts (Direct); Common Stock — 21,699 shares (Direct)

Footnotes (3)

1. F1. Represents award of restricted stock units ("RSUs") that will vest 25% annually over four years. The RSUs may be settled only for shares of common stock on a one-for-one basis.
2. F2. Including the July 16, 2026 grant, this includes an aggregate of 13,070 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.
3. F3. The July 16, 2026 options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years. Remarks:

Key Figures

RSUs granted: 2,834 shares Stock options granted: 4,079 options Option exercise price: $116.65 per share +3 more

6 metrics

RSUs granted 2,834 shares Restricted stock units granted to Tray Thomas on July 16, 2026

Stock options granted 4,079 options Employee stock options for Incyte common stock granted on July 16, 2026

Option exercise price $116.65 per share Exercise price of employee stock options granted to Tray Thomas

Common shares held after grant 21,699 shares Direct Incyte common stock holdings following the July 16, 2026 awards

Unvested RSU underlying shares 13,070 shares Shares issuable from previously reported unvested RSUs including the new grant

Option vesting installments 37 installments Number of installments in which the July 16, 2026 options become exercisable

Key Terms

restricted stock units ("RSUs"), Employee Stock Option (right to buy), exercisable in 37 installments

3 terms

restricted stock units ("RSUs") financial

"Represents award of restricted stock units ("RSUs") that will vest 25% annually"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Employee Stock Option (right to buy) financial

"Employee Stock Option (right to buy) with an exercise price of 116.6500"

exercisable in 37 installments financial

"The July 16, 2026 options become exercisable in 37 installments, with the first 25%"

FAQ

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

What insider equity awards did Tray Thomas report for INCY?

Tray Thomas, Principal Accounting Officer of Incyte Corp (INCY), reported receiving 2,834 RSUs and 4,079 employee stock options on July 16, 2026. Both awards relate to Incyte common stock and were coded as compensation grants rather than market purchases or sales.

How many INCY restricted stock units were granted and how do they vest?

Thomas received 2,834 restricted stock units (RSUs). These RSUs vest 25% annually over four years, and each vested unit may be settled only for one share of Incyte common stock, creating a one-for-one share issuance as vesting occurs.

What are the terms of Tray Thomas's new INCY stock options?

He was granted 4,079 employee stock options for Incyte common stock with a $116.65 exercise price, expiring on July 15, 2036. The options become exercisable in 37 installments: 25% after one year and the remainder vesting monthly over three years.

How many INCY common shares does Tray Thomas own after these awards?

After the July 16, 2026 grants, Thomas directly holds 21,699 shares of Incyte common stock. This amount includes 13,070 shares that are issuable pursuant to previously reported restricted stock units that have not yet vested, including the new RSU grant.

Were Tray Thomas's INCY transactions under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating these awards were made under a Rule 10b5-1 or other pre-arranged trading plan. They are reported solely as equity compensation grants.

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

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Accepted by SEC EDGAR 07/20/2026 - 04:10 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).

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)
07/16/2026

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	07/16/2026		A		2,834(1)	A	$0	21,699(2)	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
Employee Stock Option (right to buy)	$116.65	07/16/2026		A		4,079		(3)	07/15/2036	Common Stock	4,079	$0	4,079	D

Explanation of Responses:

1. Represents award of restricted stock units ("RSUs") that will vest 25% annually over four years. The RSUs may be settled only for shares of common stock on a one-for-one basis.

2. Including the July 16, 2026 grant, this includes an aggregate of 13,070 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested.

3. The July 16, 2026 options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years. Remarks:

Remarks:

	/s/ Elizabeth Feeney, Attorney-In-Fact	07/20/2026
	** 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)