Hicks Bradley W. 4

What Happened
Bradley W. Hicks, President of Dedicated Contract Services (DCS) at J.B. Hunt Transport Services (JBHT), exercised a series of derivative awards (stock options) on January 31, 2026. He exercised a total of 13,852 shares (multiple option tranches) at a reported $0.00 exercise price and, to satisfy tax withholding obligations, 6,009 of those shares were withheld/sold at $202.72 per share, generating approximately $1,218,145. After the withholding/sales, Hicks retained a net of about 7,843 shares.

Key Details

• Transaction date: January 31, 2026; Form 4 filed February 2, 2026 (appears timely).
• Exercise (code M): 13,852 shares acquired via option exercise at $0.00 reported exercise price.
• Tax withholding/sale (code F): 6,009 shares sold/withheld at $202.72 each, totaling ~$1,218,145.
• Net shares retained from this activity: ~7,843 shares (13,852 exercised − 6,009 withheld/sold).
• Footnotes/labels: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (sell-to-cover/withholding).
• Shares owned after the transaction: not specified in the excerpt of the filing provided.

Context
This was an option exercise with a contemporaneous sell-to-cover for tax purposes (a routine cashless-like settlement), not an open-market sale expressing an explicit investment view. Such withholding/sales are common when executives exercise equity awards to meet tax obligations; they generally do not, by themselves, indicate a change in insider sentiment.