22NW, LP 4
4 · FOSTER L B CO · Filed Mar 30, 2026
Research Summary
AI-generated summary of this filing
Foster L B Co (FSTR) 10% Owner Aron English Sells Shares
What Happened
Aron R. English, reported as a 10% owner through a group of related entities (22NW Fund, 22NW, 22NW Fund GP, LLC, 22NW GP, Inc.), sold a total of 11,717 shares of Foster L B Co (FSTR) in open‑market transactions. The sales occurred in three tranches: 8,968 shares on 2026-03-26 for $28.02 avg ($251,291), 862 shares on 2026-03-27 for $28.02 avg ($24,153), and 1,887 shares on 2026-03-30 for $28.01 avg ($52,857). Total proceeds reported equal approximately $328,301. These were sales (transaction code S), not purchases.
Key Details
- Transaction dates and amounts:
- 2026-03-26: 8,968 shares @ $28.02 (weighted avg) — $251,291
- 2026-03-27: 862 shares @ $28.02 (weighted avg) — $24,153
- 2026-03-30: 1,887 shares @ $28.01 (weighted avg) — $52,857
- Total shares sold: 11,717; total reported proceeds ≈ $328,301.
- Filing: Form 4 filed 2026-03-30; transactions dated 3/26–3/30 and the filing date are within the standard reporting window (no late filing indicated).
- Ownership after transaction: not specified in the provided excerpt.
- Footnotes of note:
- F1/F3: The Form 4 is filed jointly by 22NW Fund and related entities; English may be deemed a beneficial owner because of his roles (portfolio manager, manager, president/sole shareholder), but each disclaims ownership except for pecuniary interest.
- F2/F4: Reported prices are weighted averages; sales occurred at prices in the $28.00–$28.12 range. The reporting persons offer to provide transaction‑level detail on request.
Context
These were open‑market sales by a 10% owner/investment manager group rather than a company executive exercising options. Sales by large holders or fund managers can be routine portfolio activity and do not, by themselves, indicate company performance or insider sentiment. The filing is informational; decisions should consider company fundamentals and other insider activity.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-26$28.02/sh−8,968$251,291→ 1,069,935 total(indirect: By: 22NW Fund, LP) - Sale
Common Stock
[F1][F3]2026-03-27$28.02/sh−862$24,153→ 1,069,073 total(indirect: By: 22NW Fund, LP) - Sale
Common Stock
[F1][F4][F3]2026-03-30$28.01/sh−1,887$52,857→ 1,067,186 total(indirect: By: 22NW Fund, LP)
- 905
Common Stock
[F1]
Footnotes (4)
- [F1]This Form 4 is filed jointly by 22NW Fund, LP ("22NW Fund"), 22NW, LP ("22NW"), 22NW Fund GP, LLC ("22NW GP"), 22NW GP, Inc. ("22NW Inc.") and Aron English (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- [F2]Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $28.1200, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in each transaction.
- [F3]Securities owned directly by 22NW Fund. As the investment manager to 22NW Fund, 22NW may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW Fund, 22NW GP may be deemed to beneficially own the securities owned directly by 22NW Fund. As the general partner of 22NW, 22NW Inc. may be deemed to beneficially own the securities owned directly by 22NW Fund. Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the securities owned directly by 22NW Fund.
- [F4]Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $28.1000, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in each transaction.