Barkas Rafael 4

What Happened

• Rafael Barkas, Senior VP Global Operations & Supply Chain at Gentherm (THRM), disposed of 1,575 shares as tax-withholding following an option exercise. The disposition occurred in two transactions: 1,002 shares on 2026-03-14 and 573 shares on 2026-03-15, each at $27.82 per share, for total proceeds of $43,817. These dispositions are recorded under Form 4 code F (payment of exercise price or tax liability) and are routine tax-withholding transactions rather than open-market sales.

Key Details

• Dates and prices: 2026-03-14 — 1,002 shares @ $27.82 = $27,876; 2026-03-15 — 573 shares @ $27.82 = $15,941.
• Total shares disposed: 1,575; total value: $43,817.
• Transaction code: F (shares withheld/used to satisfy tax withholding obligations related to option exercise).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Filing: Form 4 filed 2026-03-17 (no late-filing flag indicated in the provided data).

Context

• These were tax-withholding dispositions tied to an option exercise (a cashless or net-share settlement method to cover tax liabilities), which is common and generally considered administrative rather than a directional bet on the stock.
• For retail investors, note that tax-withheld share dispositions do not necessarily signal management sentiment; purchases or open-market sales are typically more informative about insider confidence.