Incyte Officer Pablo Cagnoni Files Form 144 to Sell $2.80M in Common Stock

Executive Summary

On September 15, 2026, Pablo Cagnoni, an Officer at Incyte Corporation ($INCY), filed a Form 144 notice proposing the sale of 23,218 shares of common stock with an aggregate market value of approximately $2,797,571.24 (~$120.49 per share).

Transaction & Acquisition Details

• Securities to be Sold: 23,218 common shares.
• Acquisition Nature: Acquired on September 15, 2026, via a Stock Option Exercise from the issuer, paid in cash.
• Trading Plan: Executed pursuant to a Rule 10b5-1 pre-scheduled trading plan adopted on April 30, 2026.
• Executing Broker: Morgan Stanley Smith Barney LLC Executive Financial Services.

Recent Historical Activity (Past 3 Months)

In addition to this planned transaction, the reporting person has executed consistent weekly/bi-weekly sales under the trading plan over the preceding three months:

• 08/19/2026: 10,801 shares sold for $1,356,189.76
• 08/12/2026: 10,803 shares sold for $1,296,773.75
• 08/05/2026: 10,640 shares sold for $1,305,450.33
• 07/31/2026: 15,888 shares sold for $1,901,833.32

Total proceeds realized in the past 90 days (excluding the current proposed sale) amount to ~$5,860,247 across 48,132 shares.

Market Impact & Significance

The filing represents a Medium trading significance. The transaction represents an exercise-and-sell execution under a pre-established Rule 10b5-1 plan adopted earlier in the year. The proposed sale of 23,218 shares represents roughly 0.011% of Incyte's 202,697,746 outstanding shares, presenting minimal direct market dilution.