Form 4: VICOR CFO Sells Shares Under Pre-Planned 10b5-1 Plan

VICOR Corp's CFO, James F. Schmidt, executed pre-planned sales of common stock following option exercises on October 22, 2025.

Summary

• James F. Schmidt, CFO, Treasurer, and Secretary of VICOR Corp, reported transactions involving the company's common stock.
• On October 22, 2025, Schmidt exercised Non Qualified Stock Options in three separate transactions.
• The first exercise involved 3,246 shares at an exercise price of $41.61 per share, followed by the sale of the same 3,246 shares at $80 per share.
• The second exercise involved 1,241 shares at an exercise price of $60.61 per share, followed by the sale of the same 1,241 shares at $85 per share.
• The third exercise involved 754 shares at an exercise price of $53.07 per share, followed by the sale of the same 754 shares at $85 per share.
• All sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by Schmidt on December 13, 2024.
• Following these transactions, Schmidt directly beneficially owns 875 shares of common stock.
• Schmidt also retains beneficial ownership of 12,983, 3,722, and 3,015 Non Qualified Stock Options with various exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider transaction involving option exercises and subsequent sales. While it represents a reduction in direct beneficial ownership, the pre-arranged nature under a 10b5-1 plan suggests personal financial planning rather than a negative signal about the company's prospects. The sentiment is neutral as it's a standard disclosure for executive compensation.

Positives

• The executive realized significant gains by exercising options at lower prices and selling shares at higher market prices.
• The transactions were conducted under a Rule 10b5-1 trading plan, indicating pre-planning and reducing concerns about opportunistic insider trading.

Negatives

• The transactions represent a reduction in the direct beneficial ownership of common stock by a key executive.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing details a routine insider transaction by a key executive and does not provide information directly related to broader industry trends or competitive landscape.

Corporate Governance

Stakeholder Impact

• Shareholders may note the reduction in direct beneficial ownership by a key executive, though the pre-planned nature of the sale under a 10b5-1 plan typically mitigates concerns about opportunistic selling.

Key Dates

Recommendation

The filing details a pre-planned insider sale by the CFO under a Rule 10b5-1 trading plan. While it represents a reduction in direct beneficial ownership, such transactions are often for personal financial planning and do not necessarily reflect a change in management's outlook on the company's future. Without additional information on company performance or strategic shifts, this routine transaction does not warrant a change from a 'hold' recommendation.

Keywords

VICOR CORP, VICR, Form 4, Insider Trading, Stock Options, 10b5-1 Plan, CFO, Stock Sale, Executive Compensation