Nelson Ronald E. 4

What Happened Ronald E. Nelson, a director of Columbia Sportswear Co. (COLM), exercised options on May 27, 2026 to acquire 4,080 shares (3,264 + 816) at $56.86 per share (total exercise cost $231,989). He then sold those 4,080 shares in an open-market transaction at $67.78 per share for total proceeds of $276,522. Transaction codes show option exercise (M) and an open-market sale (S), indicating a same-day exercise-and-sell (cashless) transaction. Net proceeds (sale minus exercise cost) were $44,533.

Key Details

• Transaction date: May 27, 2026.
• Option exercise: 3,264 shares @ $56.86 = $185,591; 816 shares @ $56.86 = $46,398 (total cost $231,989).
• Open-market sale: 4,080 shares @ $67.78 = $276,522.
• Filing: Form 4 filed May 29, 2026 (appears timely for a May 27 transaction).
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: The options were granted June 10, 2016 and vested in three tranches (33% each) on July 1, 2017, July 1, 2018 and July 1, 2019.

Context This was an exercise of previously granted stock options (derivative code M) with the resulting shares sold the same day—a common liquidity/tax-management practice for insiders. The filing is factual and does not indicate motivation; purchases are generally more informative about insider conviction, while same-day exercises followed by sales are often routine.