US Foods (USFD) Randy J. Taylor Exercises Options, Sells Shares

What Happened

• Insider Randy J. Taylor exercised a total of 11,630 stock options and immediately sold the 11,630 underlying shares on August 13, 2026. The exercises: 6,431 shares at $33.56 ($215,824) and 5,199 shares at $34.56 ($179,678) for a combined exercise cost of ~$395,502. The subsequent sales: 6,431 shares at $110.40 ($709,982) and 5,199 shares at $110.34 ($573,658) for gross proceeds of ~$1,283,640. After subtracting the exercise cost, the transaction generated roughly $888,138 before taxes/fees. Sales are often routine liquidity following option exercises.

Key Details

• Transaction date: August 13, 2026 (reported on Form 4 filed Aug 14, 2026).
• Exercises (code M): 6,431 @ $33.56 and 5,199 @ $34.56 (total 11,630 shares acquired via option exercise).
• Sales (code S): 6,431 @ $110.40 and 5,199 @ $110.34 (total 11,630 shares sold), gross proceeds ~$1,283,640.
• Net cash out/in from transactions: exercise cost ~$395,502; net proceeds from sell-after-exercise ≈ $888,138 (before taxes/fees).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = options granted Mar 26, 2018 (vested, fully exercisable); F2 = options granted Mar 25, 2019 (vested, fully exercisable).
• Filing timeliness: filed the day after the trades (Aug 14, 2026) — not indicated as late in the report.

Context

• This is effectively a cashless exercise: options were exercised and the same shares were sold the same day, which is a common way for insiders to realize option value and cover exercise cost/taxes.
• Transaction codes: M = exercise/conversion of derivative (options), S = open-market sale. The zero-dollar “disposed” derivative entries in the filing reflect the options being converted/cancelled on exercise, not a separate cash sale.
• For retail investors: purchases generally signal stronger insider conviction than post-exercise sales. This filing documents liquidity following vested option exercises rather than an outright purchased stake.