Item 8.01 Other Events.
Certain insiders of IPG Photonics Corporation (the "Company") adopt from time to
time pre-arranged trading plans (each, a "Plan") designed to comply with Rule
10b5-1 under the Securities Exchange Act of 1934, as amended, and the Company's
policies regarding stock transactions. Under Rule 10b5-1, directors, officers
and other persons who are not in possession of material non-public information
may adopt a plan or contract for pre-arranged sales of Company securities under
specified conditions and at specified times. Using these Plans, insiders can
gradually diversify their investment portfolios, spread stock trades out over an
extended period of time to reduce market impact and avoid concerns about
transactions occurring at a time when they might possess inside information.
The Plan adopted by the Valentin Gapontsev Trust I provides for the sale of up
to 45,000 shares over a period ending June 2023, unless terminated sooner in
certain circumstances. Shares will be sold under the Plan on the open market at
prevailing market prices, subject to minimum price thresholds.
The Plan adopted by the Valentin Gapontsev Trust II provides for the sale of up
to 12,000 shares over a period ending June 2023, unless terminated sooner in
certain circumstances. Shares will be sold under the Plan on the open market at
prevailing market prices, subject to minimum price thresholds.
The Plan adopted by the Valentin Gapontsev Trust III provides for the sale of up
to 8,000 shares over a period ending June 2023, unless terminated sooner in
certain circumstances. Shares will be sold under the Plan on the open market at
prevailing market prices, subject to minimum price thresholds.
The Company does not undertake to report Plans that may be adopted by any
directors, officers or affiliates of the Company in the future, or to report any
modification or termination of any Plan, except to the extent required by law.
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