Hobbs Nicholas 4

What Happened

• Nicholas Hobbs, EVP and COO of Hunt J B Transport Services, exercised derivative awards on 2026-01-31 to acquire a total of 6,375 shares (three exercises: 2,258; 1,245; 2,872). To satisfy tax withholding obligations, 2,957 of those shares were withheld/disposed (codes F) at $202.72 per share, totaling $599,443. Net shares retained from the exercises: 3,418 shares. The Form 4 was filed on 2026-02-02.

Key Details

• Transaction date: 2026-01-31; Form 4 filed: 2026-02-02 (not marked late).
• Exercise (code M): 2,258 + 1,245 + 2,872 = 6,375 shares acquired (reported at $0.00 per share in filing for the derivative exercise entries).
• Tax withholding (code F): 1,047 + 578 + 1,332 = 2,957 shares disposed at $202.72/share = $599,443 total withheld to cover taxes.
• Net increase in shares held by Hobbs from these transactions: 3,418 shares (6,375 acquired minus 2,957 withheld).
• Filing does not specify additional purchase/sale in open market — the disposals were for tax withholding (cashless exercise), not a normal open-market sale.

Context

• This was an options/derivative exercise with shares withheld to pay taxes (a common cashless exercise method). Withholding reduces the number of newly issued shares the insider actually takes home and does not necessarily indicate a bearish or bullish view by the insider.