Shubham Maheshwari, Chief Financial Officer of Varex Imaging Corp (NASDAQ:VREX), filed a statement of changes in beneficial ownership on September 15, 2026, disclosing transactions in Varex common stock dated September 11, 2026.

Key Highlights

  • Option exercise: Maheshwari exercised 160,944 Non-Qualified Stock Options with an exercise price of $13.61 per share on September 11, 2026.
  • Shares sold: 130,000 shares of common stock were sold at a weighted average price of $18.462, with individual transaction prices ranging from $18.460 to $18.470.
  • Sell-to-cover purpose: According to the filing, shares were sold solely to cover the aggregate exercise price, applicable tax withholdings, and broker's fees.
  • Remaining ownership: Following the reported transactions, Maheshwari directly beneficially owned 139,972 shares of Varex common stock.
  • Employee Stock Purchase Plan: The post-transaction total includes 2,137 shares purchased under the Varex Imaging Corporation 2017 Employee Stock Purchase Plan since the reporting person's last filing.
  • Options fully exercised: The derivative position in Non-Qualified Stock Options was reduced to zero following the exercise, per the filing.

Varex Imaging CFO Executes Sell-to-Cover Option Transaction in September 2026

According to the filing, Shubham Maheshwari, who serves as Chief Financial Officer of Varex Imaging Corp, a company that trades on NASDAQ under the ticker VREX, exercised 160,944 Non-Qualified Stock Options on September 11, 2026. The options carried an exercise price of $13.61 per share and had an expiration date of August 15, 2030. The filing notes that these Performance Stock Options were subject to a four-year vesting schedule, with 25% vesting on August 15, 2021 and the remaining options vesting monthly thereafter on a pro rata basis.

The filing discloses that 130,000 of the shares acquired upon exercise were subsequently sold at a weighted average price of $18.462, in multiple transactions at prices ranging from $18.460 to $18.470. The filing characterizes this as "a broker-assisted sell-to-cover exercise of fully vested options," with proceeds directed toward the aggregate exercise price, applicable tax withholdings, and broker's fees. The reporting person is described as having "retained all remaining shares acquired upon exercise."

Prior to the exercise, Maheshwari's beneficial ownership figure included 2,137 shares acquired under the Varex Imaging Corporation 2017 Employee Stock Purchase Plan since his previous filing. After the exercise and subsequent sale, his directly held position stood at 139,972 shares, and his derivative security position in Non-Qualified Stock Options was reduced to zero shares, according to the filing. The filing was signed by Shubham Maheshwari and dated September 15, 2026.

What Was Disclosed

The filing reported the exercise of 160,944 fully vested Non-Qualified Stock Options and the sell-to-cover sale of 130,000 shares of Varex Imaging common stock by CFO Shubham Maheshwari on September 11, 2026, leaving him with 139,972 shares of directly held common stock.