22NW, LP 4

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.