MCMORRIS MARC F 4

What Happened
Marc F. McMorris, a director of Fair Isaac Corp. (FICO), reported exercise/conversion activity and the receipt of restricted stock unit (RSU) awards on 2026-03-04. The filing shows an exercise/conversion (code M) of 77 derivative units (acquired 77 shares at $0.00) and a same‑day reported disposition of 77 derivative units (disposed at $0.00). In addition, he was granted three RSU awards (codes A) totaling 489 RSUs (136 + 254 + 99), each recorded at $0.00. These RSUs represent a right to receive one share per unit contingent upon continued board service.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely within the typical 2-business‑day window).
• Exercise/conversion (M): 77 shares acquired at $0.00 and 77 shares disposed at $0.00 (both reported as derivative transactions).
• Awards/grants (A): 136 RSUs, 254 RSUs, and 99 RSUs (total 489 RSUs) granted at $0.00.
• Vesting: The RSU grant will vest on the date of the Corporation’s 2027 Annual Shareholder Meeting (ASM) (footnote F4).
• Footnotes: F1 = each RSU converts to one share upon vesting; F2 = no expiration date noted; F3 = reporting person elected to take his annual cash retainer in the form of stock options.
• Shares owned after the transactions: not disclosed in the filing.

Context

• Codes: M = exercise or conversion of a derivative instrument; A = grant/award. Here, McMorris both exercised/converted derivative units and received RSU awards.
• RSUs are awards that convert to shares only if vesting conditions (continued service) are met, so they are not immediate open‑market purchases.
• The filing is informational and does not state motivations; the combination of exercise/conversion and awards is consistent with director compensation practices (including electing compensation in equity as noted in F3).