SAYMAN ERSAN 4

What Happened

• Ersan Sayman, EVP — Merchandising at Floor & Decor (FND), exercised stock options to acquire 28,320 shares at $9.99 per share (cost ~$282,917) on May 4, 2026.
• To cover the option cost, fees and taxes, Sayman sold 15,200 shares in the open market at a weighted-average price of $48.28, generating roughly $733,856 in proceeds.
• The Form 4 also reports a derivative disposition of 28,320 shares at $0, which reflects the mechanics of the cashless exercise/withholding associated with the option exercise.

Key Details

• Transaction date: May 4, 2026; Form filed May 4, 2026 (same-day filing).
• Option exercise: 28,320 shares exercised at $9.99 each — total exercise cost reported $282,917 (code M).
• Open-market sale: 15,200 shares sold at a weighted average $48.28 per share — total proceeds ~$733,856 (code S). Sale prices ranged from $48.05 to $48.67 (per footnote).
• Additional derivative line: 28,320 shares reported disposed at $0 (reflects withholding/surrender in the cashless sell-to-cover).
• Vesting info: the option vested in five equal annual installments on Sept 30 of 2017–2021 (per footnote).
• Filing notes: Footnote F1 corrects a prior reporting omission (7,317 shares omitted previously); this Form 4 reflects the corrected cumulative amounts.
• Post-transaction beneficial ownership: not specified in the summary — see the Form 4 for the reporting person’s holdings after these actions.

Context

• This was an option exercise followed by a cashless sell-to-cover (selling enough shares to pay the exercise price, fees and taxes). That is a common method executives use to exercise options without paying cash out of pocket.
• Sales following an exercise are routine and reflect the mechanics of covering exercise costs and tax withholding rather than a straightforward open-market sell motivated solely by changing sentiment.