IPG Photonics (IPGP) Form 4 IPG PHOTONICS / Igor Samartsev ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Samartsev Igor

(Last) (First) (Middle)

C/O IPG PHOTONICS CORPORATION

377 SIMARANO DRIVE

(Street)

MARLBOROUGH MA 01752

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
IPG PHOTONICS CORP [ IPGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, Chief Scientist

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2024		A		351(1)	A	$0	271,663	D(2)
Common Stock	03/01/2024		F		737(3)	D	$0	270,926	D(2)
Common Stock								106,484	I	By Wife
Common Stock								10,000	I	By Wife's Mother
Common Stock								1,200	I	By Trust 2015
Common Stock								158,700	I	By Trust Sept. 2015
Common Stock								20,983	I	By Trust-G4 2016
Common Stock								20,982	I	By Trust-I 2016
Common Stock								191,677	I	By Trust May 2017
Common Stock								90,380	I	By Grantor Retained Annuity Trust II September 2021
Common Stock								70,908	I	By Grantor Retained Annuity Trust November 2022

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Samartsev Igor

(Last) (First) (Middle)

C/O IPG PHOTONICS CORPORATION

377 SIMARANO DRIVE

(Street)

MARLBOROUGH MA 01752

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Pavlova Natalia

(Last) (First) (Middle)

C/O IPG PHOTONICS CORPORATION

377 SIMARANO DRIVE

(Street)

MARLBOROUGH MA 01752

(City) (State) (Zip)

Explanation of Responses:

1. Represents performance share units for which performance criteria is satisfied.

2. Ms. Pavlova, a director, is an indirect beneficial owner of such shares as the spouse of Dr. Samartsev, an officer.

3. Includes shares withheld to cover taxes for performance share units and service-based share units which have vested.

Remarks:

	/s/ Adam N. King, Attorney-in-Fact for Natalia Pavlova and Igor Samartsev	03/05/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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