INCYTE CORP — Director's Dealing 2026

Feb 23, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INCYTE CORP (INCY)
CIK: 0000879169
Period of Report: 2026-02-19

Reporting Person: CAGNONI PABLO J (President, R&D)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-19	Common Stock	M	13093	$61.76	Acquired	247893	Direct
2026-02-19	Common Stock	M	5575	$61.18	Acquired	253468	Direct
2026-02-19	Common Stock	S	18668	$100.91	Disposed	234800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-19	Employee Stock Option (right to buy)	$61.76	M	13093	Disposed	2033-07-13	Common Stock (13093)	Direct
2026-02-19	Employee Stock Option (right to buy)	$61.18	M	5575	Disposed	2034-01-17	Common Stock (5575)	Direct

Footnotes

F1: This includes an aggregate of 229,661 shares of common stock issuable pursuant to previously reported restricted stock units and earned performance stock units that have not vested.

F2: The July 14, 2023 options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years.

F3: Beginning January 18, 2024, options become exercisable in 37 installments, with the first 25% vesting on July 14, 2024 and the remainder vesting monthly over three years.