INCYTE CORP — Director's Dealing 2022

Jul 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INCYTE CORP (INCY)
CIK: 0000879169
Period of Report: 2022-07-02

Reporting Person: Tray Thomas (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-02	Common Stock	A	4149	$0.00	Acquired	20253	Direct
2022-07-05	Common Stock	F	987	$79.25	Disposed	19266	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-02	Employee Stock Option (right to buy)	$77.67	A	2810	Acquired	2032-07-01	Common Stock (2810)	Direct

Footnotes

F1: Represents award of restricted stock units ("RSUs") that will vest 25% annually over four years, subject to Thomas Tray's continued service with the issuer through the applicable vesting dates. The RSUs may be settled only for shares of common stock on a one-for-one basis.

F2: Represents shares withheld automatically by the Issuer to satisfy tax withholding obligations due at settlement of RSUs previously reported in Table I as common stock.

F3: Including the July 2, 2022 RSU Grant, this includes an aggregate of 8,098 shares of common stock issuable pursuant to previously reported RSUs that have not vested.

F4: Beginning July 2, 2022, options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years.