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: Flannelly Barry P (EVP & General Manager US)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-02	Common Stock	A	13529	$0.00	Acquired	79053	Direct
2022-07-05	Common Stock	F	3506	$79.25	Disposed	75547	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	18332	Acquired	2032-07-01	Common Stock (18332)	Direct

Footnotes

F1: Represents award of restricted stock units ("RSUs") that will vest 25% annually over four years, subject to Barry Flannelly'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 or earned performance shares previously reported in Table I as common stock.

F3: Including the July 2, 2022 RSU Grant, this includes an aggregate of 48,281 shares of common stock issuable pursuant to previously reported RSUs and earned performance shares 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.