MITCHELL KATE 4

What Happened

• Kate Mitchell, a director of Fortive Corp (FTV), exercised 7,131 stock options on Feb 18, 2026 at $29.58 per share (total cost $210,935) and sold the 7,131 shares the same day in an open-market transaction for total proceeds of about $416,023. The filing shows a same-day derivative conversion related to the exercise.

Key Details

• Transaction date: 2026-02-18 (Form 4 filed 2026-02-19; timely)
• Exercise (code M): 7,131 options exercised at $29.58 each — total exercise cost $210,935
• Sale (code S): 7,131 shares sold, weighted-average sale price $58.34, total proceeds $416,023 (sale prices ranged $58.330–$58.351 per F2)
• Net proceeds (proceeds minus exercise cost): approximately $205,088
• Shares owned after transaction: not disclosed in this Form 4
• Notable footnotes:
  • F1/F3: Option and RSU counts/prices reflect an anti-dilution adjustment tied to Fortive’s spin-off of Ralliant Corporation.
  • F2: Sale price is a weighted average; multiple trades in a narrow range are reported.
• Filing timeliness: Filed the day after the transactions (not marked late)

Context

• This was effectively a cashless exercise with an immediate open-market sale of the acquired shares — a common way for insiders to exercise options and realize gain while covering the exercise cost and any taxes.
• The anti-dilution adjustments noted in the footnotes reflect corporate action (spin-off) adjustments to option/RSU counts and/or exercise prices and do not by themselves indicate buying or selling intent.