ScanSource CEO exercises options, sells 77K shares
ScanSource’s CEO exercised 77,339 options at $37 and sold the resulting shares in open-market trades at weighted average prices in the mid‑$50s.
Rhea-AI Filing Summary
SCANSOURCE, INC. (SCSC) reported that Chief Executive Officer, President and Board Chair Michael L. Baur exercised vested employee stock options and sold the resulting shares. On September 10 and 11, 2026, he exercised options for a total of 77,339 shares of common stock at an exercise price of $37.00 per share and acquired the same number of shares.
On those same dates he sold an aggregate of 77,339 shares of common stock in open-market transactions at weighted average prices in the mid‑$50s per share, with the reported price ranges from about $55.07 to $58.61 depending on the trade group. No Rule 10b5-1 trading plan is reported for these transactions, and the filing does not state his resulting share ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 77,339 shares ($1.58M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
BAUR MICHAEL L
Role
CEO, President, BOD Chair
Sold
77,339 shs ($4.44M)
Approx. gross sale proceeds
$4.44M
Approx. exercise cost
$2.86M
Approx. pre-tax spread
$1.58M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F6 | 57,359 | $0.00 | $0.00 |
| Exercise | Common Stock | 57,359 | $37.00 | $2.12M |
| Sale | Common Stock F3 | 1,851 | $56.50 | $105K |
| Sale | Common Stock F4 | 6,692 | $57.71 | $386K |
| Sale | Common Stock F5 | 48,816 | $58.14 | $2.84M |
| Exercise | Employee Stock Option (Right to Buy) F6 | 19,980 | $0.00 | $0.00 |
| Exercise | Common Stock | 19,980 | $37.00 | $739K |
| Sale | Common Stock F1 | 18,080 | $55.39 | $1.00M |
| Sale | Common Stock F2 | 1,900 | $57.03 | $108K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 200,698 shares (Direct)
Footnotes (6)
- F1. The price reported in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $55.07 to $55.80 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. The price reported in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $57.00 to $57.12 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The price reported in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $55.92 to $56.87 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. The price reported in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $56.96 to $57.94 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. The price reported in column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $57.96 to $58.61 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6. The option vested in one-third increments on the anniversary of the grant date on 12/2/2017, 12/2/2018 and 12/2/2019.
Key Figures
Options exercised: 77,339 shares
Exercise price: $37.00 per share
Shares sold: 77,339 shares
+3 more
6 metrics
Options exercised
77,339 shares
Total employee stock options exercised by the CEO on September 10–11, 2026
Exercise price
$37.00 per share
Exercise price for the employee stock options converted into common stock
Shares sold
77,339 shares
Total ScanSource common shares sold in open-market transactions on September 10–11, 2026
Sale price range (first group)
$55.07–$55.80 per share
Price range for 18,080 shares sold, reported as a weighted average price with this range
Sale price range (largest block)
$57.96–$58.61 per share
Price range for 48,816 shares sold, reported as a weighted average price with this range
Option expiration date
December 2, 2026
Scheduled expiration for the exercised employee stock options
Key Terms
Employee Stock Option, weighted average price, multiple transactions, grant date
4 terms
Employee Stock Option financial
"Employee Stock Option (Right to Buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
weighted average price financial
"The price reported in column 4 is the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
multiple transactions financial
"These shares were sold in multiple transactions at prices ranging from"
grant date financial
"The option vested in one-third increments on the anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SCSC’s CEO report on this Form 4?
Michael L. Baur reported exercising vested employee stock options for 77,339 shares of ScanSource common stock at an exercise price of $37.00 per share on September 10 and 11, 2026, and selling the same total number of shares in open-market transactions on those dates.
What options did the CEO of SCSC exercise in this filing?
He exercised employee stock options covering 77,339 shares of ScanSource common stock at an exercise price of $37.00 per share. The options were scheduled to expire on December 2, 2026 and had vested in one‑third increments on December 2, 2017, 2018 and 2019.
Were the SCSC insider sales made under a Rule 10b5-1 plan?
No. The filing indicates that these transactions were not made pursuant to a Rule 10b5‑1 trading plan, as the related certification box is not checked and no footnote describes them as made under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
