Rey David A 4

What Happened
David A. Rey, a director of Fair Isaac Corp (FICO), exercised stock options on Feb 24, 2026, resulting in the acquisition of 3,192 common shares at an exercise price of $247.82 per share (total cost ≈ $791,041). The filing also shows a matching derivative disposition of 3,192 units at $0.00, which reflects the conversion/retirement of the derivative instrument on exercise rather than a market sale of the acquired shares.

Key Details

• Transaction date: 2026-02-24 (reported on Form 4 filed 2026-02-26 — filed within the normal 2-business-day window).
• Exercise (code M): Acquired 3,192 shares @ $247.82 each = $791,041.
• Derivative line: Disposed 3,192 @ $0.00 (represents conversion/cancellation of the option instrument).
• Shares owned after transaction: Not specified in the provided filing details.
• No sale reported: there is no separate open-market sale of the acquired shares in this filing.
• No footnotes or 10b5-1/tax-withholding details provided in the supplied data.

Context
An "M" code indicates an option exercise/derivative conversion. The paired "acquired" and "$0.00 disposed" entries typically reflect exercising the option and converting the derivative into shares (not a public sale). Option exercises are common insider transactions tied to vesting or exercising existing rights and do not by themselves indicate direction of the insider's market view.