BECKHAM BRAD W 4

What Happened

• Brad W. Beckham, CEO of O'Reilly Automotive (ORLY), exercised options and sold the underlying shares on 2026-05-08. He exercised 13,635 option shares at $17.12 each (cost $233,431) and sold those 13,635 shares in the open market at $95.00 each for proceeds of $1,295,325. Net proceeds from the exercise and sale were approximately $1,061,894 before taxes and fees. The filing also shows a separate derivative conversion of 13,635 shares reported with a $0 purchase price.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (filed within the required reporting window).
• Exercise: 13,635 shares at $17.12 — total cost $233,431.
• Sale: 13,635 shares at $95.00 — total proceeds $1,295,325.
• Additional derivative entry: 13,635 shares acquired at $0 (reported as a conversion/derivative).
• Shares owned after transaction: Not specified in the provided extract of the filing.
• Footnote: F1 — the options vest in four equal annual installments beginning on this date.

Context

• This was a same-day exercise-and-sale (a cashless-like transaction): options were exercised and the resulting shares were sold the same day. Such transactions are commonly used to cover exercise costs and taxes; they do not by themselves indicate the insider’s long-term view of the stock.
• The $0 derivative item likely represents a conversion/settlement of an award (e.g., RSUs or other non‑cash settlement), but the filing should be reviewed for specifics.