Soderberg John Lewis 4/A

What Happened

• John Lewis Soderberg, Senior EVP‑IT at Fastenal (FAST), exercised stock options for 34,612 shares and sold those same 34,612 shares in an open‑market transaction on August 8, 2025. The options were exercised at $13.00 per share (total cost $449,956) and the shares were sold at $48.03 per share (total proceeds $1,662,421). This looks like a cashless exercise followed by an immediate sale.

Key Details

• Transaction date: August 8, 2025 (reported in an amended Form 4 filed Jan 27, 2026).
• Exercise: 34,612 shares exercised at $13.00 each — total strike paid $449,956.
• Sale: 34,612 shares sold at $48.03 each — total proceeds $1,662,421 (net proceeds roughly $1.21M before taxes/fees).
• Shares owned after transaction: Not specified in this amended filing; footnotes indicate additional holdings attributed to the reporting person’s 401(k) and prior reporting omissions.
• Footnotes of note:
  • F1: The option traces to a 1/3/2019 grant originally covering 8,653 shares; amounts were adjusted for two 2‑for‑1 stock splits (5/22/2019 and 5/21/2025).
  • F2/F3: Additional shares are held in the issuer’s 401(k) and some holdings were omitted in earlier reports (now corrected and split‑adjusted).
  • F4: The option grant vests over five years (40% after two years, remainder annually).
• Filing status: This is an amended Form 4 filed ~5½ months after the transaction date, correcting prior filings — investors should note the late/amended nature reduces timeliness.

Context

• This was an option exercise followed by an immediate open‑market sale (cashless exercise pattern), not a standalone purchase indicating new insider accumulation.
• The amended filing and footnotes mainly correct prior reporting omissions and adjust for stock splits; the transactions themselves are routine compensation‑related activity rather than a direct buy signal.