Item 8.01 Other Events.
Effective September 13, 2021, Patrizio Vinciarelli, President, Chief Executive
Officer and Chairman of the Board of Vicor Corporation (the "Company"), entered
into a pre-arranged stock trading plan (the "10b5-1 Plan") with a brokerage firm
to sell a limited number of shares of the Company's common stock, par value
$0.01 per share ("Common Stock").
Sales under the 10b5-1 Plan will begin no earlier than October 4, 2021. The
10b5-1 Plan allows for the sale of up to 10,000 shares of Common Stock for each
incremental $1.00 increase in the market price of the Common Stock from $131 to
$160 per share, subject to a total volume limitation of 300,000 shares.
Dr. Vinciarelli currently owns 9,759,453 shares of Common Stock and 11,023,648
shares of Vicor Corporation Class B Common Stock. If all of the 300,000 shares
of Common Stock subject to the 10b5-1 Plan were sold, Dr. Vinciarelli's
beneficial ownership of Company's capital stock would decrease by less than one
percent of the Company's total issued and outstanding shares of capital stock.
The 10b5-1 Plan was designed to comply with the Company's insider trading
policies and the guidelines specified in Rule 10b5-1 promulgated under the
Securities Exchange Act of 1934, as amended, which permit an officer or director
to enter into a pre-arranged plan for buying or selling Company stock at a time
when the officer or director is not in possession of material, nonpublic
information about the Company.
All sales of Common Stock under the 10b5-1 Plan will be disclosed publicly in
accordance with applicable securities laws, rules, and regulations through
appropriate filings with the U.S. Securities and Exchange Commission.
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