Behl Nikhil 4

What Happened Nikhil Behl, President, Software at Fair Isaac Corp (FICO), converted 242 restricted stock units (RSUs) into 242 shares on July 5, 2026. To cover tax withholding, the company withheld/surrendered 124 of those shares, valued at $1,270.83 per share, for a total of $157,583. This was not an open-market sale or purchase by the insider but a routine conversion/vesting event with shares withheld to satisfy tax obligations.

Key Details

• Transaction date: 2026-07-05.
• Conversion: 242 RSUs converted to 242 shares (reported as derivative exercise/conversion, code M) at $0.00 exercise price.
• Tax withholding: 124 shares were withheld/disposed (code F) at $1,270.83 per share for proceeds of $157,583.
• Additional Form entry: a corresponding derivative disposition (242 shares, code M) reflects the RSU-to-share conversion reporting.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: company withheld shares for taxes (F1); each RSU equals one share contingent on continued employment (F2); RSUs vest in four equal annual installments beginning 07/05/2025 (F3); no expiration date (F4).
• Filing timeliness: Reported with a Form 4 filed 2026-07-07 for a 07/05/2026 event — appears timely.

Context This filing documents vesting/conversion of RSUs and a share-withholding tax payment (a common, administrative action). The insider did not make an open-market purchase or deliberate sale for cash besides the surrendered shares to cover taxes. For retail investors, such vesting events are routine compensation mechanics and do not, by themselves, indicate a change in the insider’s view of the company.