What the executives and directors of Incyte actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| BAKER JULIAN | Director | 3.1M | — | — |
| BAKER FELIX | Director | 3.1M | — | — |
| BAKER BROS. ADVISORS LP | Director | 3.1M | — | — |
| Baker Brothers Life Sciences LP | Director | 3.1M | — | — |
| 667, L.P. | Director | 3.1M | — | — |
| Baker Bros. Advisors (GP) LLC | Director | 3.1M | — | — |
| Hoppenot Herve | Director | 326.8K | — | $19.8M |
| CAGNONI PABLO J President, Global Head of R&D | Officer | 215.4K | — | $7.3M |
| Meury William Chief Executive Officer | CEO | 183.1K | — | — |
| Stamoulis Christiana EVP & Chief Financial Officer | CFO | 114.7K | — | — |
| SWAIN PAULA J EVP, Human Resources | Officer | 100.1K | — | — |
| Mayes Patrick A EVP & Chief Scientific Officer | Officer | 67.5K | — | $6.3M |
| Issa Mohamed Khairie EVP, Head of U.S. Commercial | Officer | 63.9K | — | $1.3M |
| Dickinson Jonathan Elliott EVP, General Manager, Europe | Officer | 43.7K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-03 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 6,055 | $120.43 | $729K |
| 2026-07-31 | CAGNONI PABLO J (Officer) | Planned sale (10b5-1) | 15.9K | $119.70 | $1.9M |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 85 | $122.19 | $10K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 326 | $121.69 | $40K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 1,642 | $119.38 | $196K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 1,643 | $119.51 | $196K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 2,187 | $119.47 | $261K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 2,293 | $119.41 | $274K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 2,864 | $119.40 | $342K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 4,695 | $119.39 | $561K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 5,332 | $119.42 | $637K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 6,171 | $119.43 | $737K |
| 2026-07-31 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 14.7K | $119.46 | $1.8M |
| 2026-07-16 | Stein Steven H (Officer) | Planned sale (10b5-1) | 1,877 | $114.73 | $215K |
| 2026-07-16 | Issa Mohamed Khairie (Officer) | Planned sale (10b5-1) | 1,093 | $115.01 | $126K |
| 2026-07-15 | Stein Steven H (Officer) | Planned sale (10b5-1) | 28.2K | $113.05 | $3.2M |
| 2026-06-04 | Tray Thomas (Officer) | Planned sale (10b5-1) | 2,639 | $100.00 | $264K |
| 2026-05-26 | Tray Thomas (Officer) | Planned sale (10b5-1) | 2,051 | $97.35 | $200K |
| 2026-05-19 | Clancy Paul J (Director) | Planned sale (10b5-1) | 15K | $94.93 | $1.4M |
| 2026-04-17 | CAGNONI PABLO J (Officer) | Planned sale (10b5-1) | 18.7K | $96.50 | $1.8M |
| 2026-03-17 | CAGNONI PABLO J (Officer) | Planned sale (10b5-1) | 18.7K | $94.24 | $1.8M |
| 2026-02-19 | CAGNONI PABLO J (Officer) | Planned sale (10b5-1) | 18.7K | $100.91 | $1.9M |
| 2026-01-07 | Issa Mohamed Khairie (Officer) | Planned sale (10b5-1) | 10.9K | $109.07 | $1.2M |
| 2026-01-05 | Stein Steven H (Officer) | Planned sale (10b5-1) | 15.6K | $101.70 | $1.6M |
| 2025-12-19 | Tray Thomas (Officer) | Planned sale (10b5-1) | 2,774 | $100.00 | $277K |
| 2025-12-18 | Tray Thomas (Officer) | Planned sale (10b5-1) | 600 | $98.25 | $59K |
| 2025-12-17 | Morrissey Michael James (Officer) | Planned sale (10b5-1) | 4,323 | $97.26 | $420K |
| 2025-12-16 | Morrissey Michael James (Officer) | Planned sale (10b5-1) | 833 | $97.42 | $81K |
| 2025-12-16 | Morrissey Michael James (Officer) | Planned sale (10b5-1) | 53.2K | $97.29 | $5.2M |
| 2025-12-11 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 255 | $94.94 | $24K |
| 2025-12-10 | Mayes Patrick A (Officer) | Planned sale (10b5-1) | 5,553 | $95.58 | $531K |
| 2025-12-02 | Stein Steven H (Officer) | Planned sale (10b5-1) | 20.1K | $102.51 | $2.1M |
| 2025-12-01 | Stein Steven H (Officer) | Planned sale (10b5-1) | 2,559 | $102.96 | $263K |
| 2025-11-24 | Tray Thomas (Officer) | Planned sale (10b5-1) | 600 | $103.00 | $62K |
| 2025-11-21 | Tray Thomas (Officer) | Planned sale (10b5-1) | 169 | $102.00 | $17K |
| 2025-11-17 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 278 | $104.36 | $29K |
| 2025-11-10 | Hoppenot Herve (Director) | Planned sale (10b5-1) | 187.5K | $105.46 | $19.8M |
| 2025-11-05 | Stein Steven H (Officer) | Planned sale (10b5-1) | 5,233 | $102.20 | $535K |
| 2025-11-04 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 598 | $101.36 | $61K |
| 2025-11-03 | Heeson Lee (Officer) | Planned sale (10b5-1) | 3,074 | $94.02 | $289K |
| 2025-10-15 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 277 | $85.13 | $24K |
| 2025-10-03 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 3,501 | $85.54 | $299K |
| 2025-10-02 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 599 | $87.65 | $53K |
| 2025-09-16 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 278 | $83.15 | $23K |
| 2025-09-02 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 598 | $84.97 | $51K |
| 2025-08-15 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 277 | $86.81 | $24K |
| 2025-08-04 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 598 | $75.77 | $45K |
| 2025-07-21 | Stein Steven H (Officer) | Planned sale (10b5-1) | 3,706 | $67.94 | $252K |
| 2025-07-16 | Flannelly Barry P (Officer) | Planned sale (10b5-1) | 1,340 | $68.36 | $92K |
| 2025-07-16 | Iyengar Vijay K (Officer) | Planned sale (10b5-1) | 983 | $68.36 | $67K |
| 2025-07-16 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 785 | $68.36 | $54K |
| 2025-07-15 | Flannelly Barry P (Officer) | Planned sale (10b5-1) | 1,192 | $69.86 | $83K |
| 2025-07-15 | Iyengar Vijay K (Officer) | Planned sale (10b5-1) | 1,177 | $69.86 | $82K |
| 2025-07-15 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 3,330 | $69.86 | $233K |
| 2025-07-14 | Stein Steven H (Officer) | Planned sale (10b5-1) | 15K | $68.47 | $1M |
| 2025-07-03 | Flannelly Barry P (Officer) | Planned sale (10b5-1) | 10.9K | $68.15 | $743K |
| 2025-07-03 | Iyengar Vijay K (Officer) | Planned sale (10b5-1) | 2,682 | $68.16 | $183K |
| 2025-07-03 | Iyengar Vijay K (Officer) | Planned sale (10b5-1) | 5,935 | $68.15 | $404K |
| 2025-07-02 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 599 | $68.61 | $41K |
| 2025-06-03 | Denton Sheila A. (Officer) | Planned sale (10b5-1) | 1,795 | $68.00 | $122K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.