KELLY BRADEN R 4

What Happened

• Kelly Braden, a director of Fair Isaac Corp (FICO), recorded derivative activity and awards on 2026-03-04. The filing shows an exercise/conversion of 171 derivative shares (M) and a simultaneous disposition of 171 derivative shares (M), plus grants/awards of 363 and 220 restricted stock units (RSUs) (A). All transactions were reported at $0.00 per share.
• These transactions are compensation-related (not an open-market purchase). The RSU grants total 583 RSUs; the exercised/converted 171-share derivative position was also marked as disposed on the same date.

Key Details

• Transaction date: 2026-03-04; Filing date: 2026-03-06 (timely).
• Reported prices: $0.00 for all items; reported cash value = $0.
• Shares/units involved: 171 exercised/converted (and 171 disposed) + RSU grants of 363 and 220 (583 RSUs total).
• Shares owned after transaction: not specified in the provided excerpt.
• Important footnotes:
  • F1: Each RSU represents a right to receive one share contingent on continued board service.
  • F2: No expiration date (for the relevant award/derivative).
  • F3: Reporting person elected to take annual cash retainer in the form of stock options under the non-employee director program.
  • F4: The RSU grant will vest on the date of the Corporation's 2027 Annual Shareholder Meeting.
• No indication this was a market sale of shares by the insider for investment reasons; these are routine compensation/conversion transactions.

Context

• The RSU grants are service-based awards that convert to shares only after vesting (here, at the 2027 ASM). The exercise/conversion of a derivative and simultaneous disposal often reflects administrative/compensation mechanics (e.g., conversion, tax withholding, or option settlement) rather than a discretionary market sale. This filing is informational and does not by itself indicate insider sentiment about the company.