Fastenal (FAST) Director Michael J. Ancius Exercises Options, Sells 3,000 Shares

What Happened

• Michael J. Ancius, a Fastenal director, exercised stock options and sold 3,000 shares on July 28, 2026. He paid $13.75 per share to exercise 3,000 options (total cost $41,250) and then sold those 3,000 shares on the open market at $49.00 per share, receiving $147,000 in proceeds. The filings also show a related derivative conversion entry for 3,000 shares recorded at $0.00 (see footnotes).

Key Details

• Transaction date: 2026-07-28; Form 4 filed 2026-07-29 (timely filing).
• Exercise: 3,000 shares exercised at $13.75 = $41,250.
• Sale: 3,000 shares sold at $49.00 = $147,000 (gross proceeds); implied pre-tax gain ≈ $105,750 (proceeds minus exercise cost).
• Additional derivative entry: 3,000 shares reported as exercised/converted at $0.00 and disposed (reported as a derivative conversion; see F3).
• Shares owned after transaction: Form notes at least 58,690 shares attributable to the reporting person (46,668 shares in a revocable trust + 12,022 shares in a self-directed IRA per footnote F1); additional shares are maintained in a Retirement Savings 401(k) plan per footnote F2 (exact post-transaction total not fully itemized in the provided excerpt).
• Footnote F3: The option was issued under the Fastenal Non-employee Director Stock Option Plan and was immediately exercisable.

Context

• This was an option exercise followed by an immediate open-market sale of the resulting shares (a common practice for option holders to realize cash from vested awards). Such same-day exercises/sales can be routine and do not, by themselves, indicate the director's long-term view of the company.
• No 10b5-1 plan or late filing is indicated in the provided data; the filing was submitted the next day.