22NW, LP 4
4 · FOSTER L B CO · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Foster L B (FSTR) 10% Owner Aron R. English Sells Shares
What Happened
Aron R. English (reported as a 10% owner through affiliated entities) sold a total of 39,931 shares of Foster L B Co (FSTR) in two open-market transactions. On 2026-03-31 he sold 1,500 shares at an average price of $28.02 for proceeds of $42,030. On 2026-04-01 he sold 38,431 shares at a weighted average price of $28.05 for proceeds of $1,077,886. Total proceeds from the two sales were roughly $1,119,916. These were outright sales (S), which are typically routine disposition transactions rather than purchases (which are often viewed as more bullish).
Key Details
- Transaction dates and prices:
- 2026-03-31: 1,500 shares @ $28.02 = $42,030
- 2026-04-01: 38,431 shares @ weighted avg $28.05 = $1,077,886 (sales occurred at prices ranging $28.00–$28.3025; weighted avg reported)
- Total shares sold: 39,931; total reported proceeds ≈ $1,119,916.
- Shares owned after transaction: Not specified in the excerpt of the filing provided.
- Filing: Form 4 filed 2026-04-02 (appears timely based on filing date).
- Footnotes of note:
- F1: The Form 4 is filed jointly by 22NW Fund, LP, 22NW, LP, 22NW Fund GP, LLC, 22NW GP, Inc., and Aron English; they may be members of a Section 13(d) group owning >10%.
- F2: The $28.05 figure is a weighted average; sales in the batch ranged $28.00–$28.3025. Reporting persons can provide per-transaction breakdown on request.
- F3: Securities are owned directly by 22NW Fund; English is portfolio manager/manager/sole shareholder of related entities and may be deemed to beneficially own the fund’s holdings.
Context
These sales were made by an institutional/affiliate group in which Aron English holds key roles (portfolio manager, etc.), not necessarily as a company executive. That context means the trades may reflect portfolio or fund-level decisions rather than insider views on the company’s near-term outlook. The filing does not indicate any derivative exercises, awards, gifts, or tax-withholding transactions associated with these sales.
Insider Transaction Report
- Sale
Common Stock
[F1][F3]2026-03-31$28.02/sh−1,500$42,030→ 1,065,686 total(indirect: By: 22NW Fund, LP) - Sale
Common Stock
[F1][F2][F3]2026-04-01$28.05/sh−38,431$1,077,886→ 1,027,255 total(indirect: By: 22NW Fund, LP)
- 905
Common Stock
[F1]
Footnotes (3)
- [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 $28.3025, 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.