BABSON STEPHEN E 4

What Happened Stephen E. Babson, a director of Columbia Sportswear Co. (COLM), exercised stock options on May 28, 2026 and sold shares the same day. He exercised options for 3,264 and 1,631 shares at $56.86 per share (total exercise cost $278,330) to acquire 4,895 shares, and sold 4,150 shares in an open-market transaction at $67.95 for proceeds of $281,993. The filing shows the underlying option instruments were cancelled upon exercise; after these transactions he retained 745 shares from this exercise.

Key Details

• Transaction date: 2026-05-28; Form 4 filed 2026-06-01 (timely — within the required 2 business days).
• Exercises (code M): 3,264 shares @ $56.86 = $185,591; 1,631 shares @ $56.86 = $92,739 (total acquired 4,895 shares; total cost $278,330).
• Sale (code S): 4,150 shares @ $67.95 = $281,993 (open-market sale).
• Derivative disposal entries show the options were cancelled at $0 upon exercise (typical reporting for exercised option instruments).
• Shares owned after transaction: not stated in the filing; net retained from this exercise = 745 shares.
• Footnote: the options were granted June 10, 2016 and vested in thirds on July 1, 2017, 2018 and 2019.

Context

• This was an option exercise combined with an immediate partial sale (often described as a cashless or simultaneous exercise/sale). Such transactions commonly reflect exercising long-held vested options rather than a market signal by itself.
• Transaction codes: M = option exercise/conversion; S = open-market sale. The filing is factual and timely; it does not state Babson’s total ownership before these transactions.