Fastenal (FAST) director exercises 36,920 options and sells same number of shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fastenal director Reyne K. Wisecup exercised stock options and sold shares on the same day. On March 5, 2026, she exercised an employee stock option for 36,920 shares of common stock at $13.00 per share and received the shares directly.
She then sold 36,920 shares of Fastenal common stock in an open-market transaction at an average price of $47.3435 per share, leaving her with 40,000 shares of directly owned common stock after the transactions. Footnotes explain that the option was originally granted in 2019 and adjusted for 2-for-1 stock splits, with vesting over five years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 36,920 shares ($1,747,922)
Net Sell
3 txns
Insider
Wisecup Reyne K
Role
Director
Sold
36,920 shs ($1.75M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 36,920 | $0.00 | -- |
| Exercise | Common Stock | 36,920 | $13.00 | $480K |
| Sale | Common Stock | 36,920 | $47.3435 | $1.75M |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 76,920 shares (Direct)
Footnotes (1)
- The option was previously reported in a filing dated 1/3/2019 as covering 11,538 securities at a strike price of $52 and the amounts were adjusted to reflect a 2-for-1 stock splits on 5/22/2019 and 5/21/2025. The option will fully vest and become exercisable over a period of five years, with 40% vesting and becoming exercisable two years following the date of grant and the remainder vesting and becoming exercisable proportionately (20%) each year thereafter.
FAQ
What insider transactions did Fastenal (FAST) director Reyne K. Wisecup report?
Reyne K. Wisecup reported exercising an employee stock option for 36,920 Fastenal shares and then selling 36,920 common shares in an open-market transaction. Both transactions occurred on March 5, 2026, and her remaining directly owned stake totaled 40,000 common shares afterward.
What stock option exercise did Reyne K. Wisecup report for Fastenal (FAST)?
She exercised an employee stock option covering 36,920 Fastenal shares at an exercise price of $13.00 per share. The option was previously reported in 2019 and later adjusted for 2-for-1 stock splits, with vesting scheduled over five years under a defined vesting formula.
What do the Form 4 footnotes reveal about Reyne K. Wisecup’s Fastenal (FAST) option grant?
The footnotes state the option was originally reported in a January 3, 2019 filing, adjusted for 2-for-1 stock splits in May 2019 and May 2025. They also explain the option vests over five years, with 40% vesting after two years and 20% vesting in each subsequent year.