McNamara Michael 4

What Happened
Michael McNamara, General Manager of Manufacturing Operations and a director at Vicor Corp (VICR), exercised stock options on March 17, 2026 and immediately sold the resulting shares. He exercised 1,668 shares at a $60.61 strike (cost ~$101,097) and 5,506 shares at a $41.61 strike (cost ~$229,105), for total option exercise cost of about $330,202. Those shares were sold in open-market transactions at $190.07 per share, generating total gross proceeds of about $1,363,562.

Key Details

• Transaction date: 2026-03-17; Form 4 filed 2026-03-18 (timely filing).
• Option exercises (code M): 1,668 shares exercised at $60.61 (≈ $101,097); 5,506 shares exercised at $41.61 (≈ $229,105).
• Open-market sales (code S): 1,668 shares sold at $190.07 (≈ $317,037); 5,506 shares sold at $190.07 (≈ $1,046,525).
• Derivative disposals at $0 for the same share amounts are also recorded (common when shares are withheld or surrendered in connection with option exercises for taxes or net settlement).
• Shares owned after the transactions: Not specified in this Form 4.

Context
Because the exercised shares were sold the same day, this effectively appears as a cashless exercise (exercise followed by immediate sale). Such transactions often reflect option-holders converting vested options into cash rather than a fresh purchase indicating new bullish exposure. The filing shows no indication of a 10b5-1 plan or that the report was late.