Fair Isaac (FICO) Director Braden R. Kelly Exercises 4,353 Options

What Happened

• Braden R. Kelly, a director of Fair Isaac Corp (FICO), exercised stock option derivatives to acquire a total of 4,353 common shares. The exercises occurred on Aug 21 and Aug 24, 2026, at exercise prices of $391.57 (1,682 shares), $455.13 (1,386 shares), and $475.46 (1,285 shares), for a combined cash outlay of approximately $1,900,397.
• The filing also shows corresponding derivative (option) dispositions at $0 for the same share amounts — this reflects the cancellation/conversion of the options upon exercise, not a sale of the acquired shares.

Key Details

• Transaction dates and prices:
  • 2026-08-21: 1,682 shares @ $391.57 = $658,621
  • 2026-08-24: 1,386 shares @ $455.13 = $630,810
  • 2026-08-24: 1,285 shares @ $475.46 = $610,966
• Total shares acquired: 4,353; total cash paid: ~$1.90M.
• The $0 "Disposed" entries reflect the option instruments being exercised/cancelled, not market sales of stock.
• Shares owned after the transactions are not specified in the provided excerpt — see the full Form 4 for post-transaction beneficial ownership.
• No 10b5-1 plan, tax-withholding, or other special footnotes are shown in the provided data.
• Filing date: 2026-08-25. Based on transaction dates (Aug 21 and Aug 24), this Form 4 appears to have been filed within the standard SEC 2-business-day window.

Context

• This was an option exercise (derivative conversion) rather than an open-market purchase or sale. Because the filing does not report any immediate sale of the acquired shares, the Form 4 indicates conversion of options into shares rather than a cashless sale; the newly acquired shares may have been retained.
• Exercises are routine for insiders exercising vested awards; they represent an acquisition of company stock but do not by themselves explain the insider’s market view.