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ITM Power CTO Exercises Share Options and Sells Shares to Cover Tax

Story Highlights
  • ITM Power’s CTO exercised long-standing share options and converted them into ordinary shares.
  • He sold part of the new shares mainly to meet tax liabilities, retaining a significant holding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ITM Power CTO Exercises Share Options and Sells Shares to Cover Tax

Meet Samuel – Your Personal Investing Prophet

ITM Power ( (GB:ITM) ) has issued an announcement.

ITM Power disclosed that Chief Technology Officer Simon Bourne has exercised share options granted in 2018 and 2019 under the company’s share option plan, converting them into ordinary shares. He then sold a portion of these shares on AIM, primarily to cover tax liabilities triggered by the option exercise, while retaining both remaining options and an increased beneficial shareholding.

The transactions, conducted on 24 and 27 April 2026 on the London Stock Exchange’s AIM market, were reported in line with EU Market Abuse Regulation requirements. The disclosure provides investors with transparency on insider dealings by a senior executive, clarifying that the sales are largely tax-driven rather than an outright reduction of his economic exposure to the company.

The most recent analyst rating on (GB:ITM) stock is a Buy with a £170.00 price target. To see the full list of analyst forecasts on ITM Power stock, see the GB:ITM Stock Forecast page.

Spark’s Take on ITM Stock

According to Spark, TipRanks’ AI Analyst, ITM is a Neutral.

The score is driven by strong technical momentum and a constructive earnings outlook (reiterated growth guidance, improving gross loss/EBITDA trend, and strong cash/backlog quality). This is materially offset by weak financial performance today—persistent losses and negative operating/free cash flow—and valuation signals that remain constrained by lack of profitability and no dividend support.

To see Spark’s full report on ITM stock, click here.

More about ITM Power

ITM Power is a UK-based manufacturer of industrial-scale electrolysers used to produce green hydrogen. Leveraging proprietary PEM technology, vertically integrated production and in-house engineering, it supplies standardised, high-performance hydrogen plants to industrial and energy customers seeking to decarbonise operations. The company is listed on AIM and qualifies for London Stock Exchange’s Green Economy Mark.

Average Trading Volume: 4,858,500

Technical Sentiment Signal: Buy

Current Market Cap: £1.01B

Learn more about ITM stock on TipRanks’ Stock Analysis page.

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