22NW, LP 4

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.