Fastenal (FAST) EVP Donnalee Papenfuss Exercises Options, Sells Shares

What Happened

• Donnalee Papenfuss, EVP — Strategy and Communication at Fastenal (FAST), exercised stock options and immediately sold the resulting shares on August 13, 2026. She exercised a total of 9,258 shares (1,364 at $13.75 and 7,894 at $19.00) for aggregate exercise payments of $168,741, and sold those 9,258 shares in the open market for total proceeds of $475,758 (sales at $51.42 and $51.38). The filing also shows derivative-disposal entries reported at $0 associated with the exercise events.

Key Details

• Transaction date: August 13, 2026
• Options exercised: 1,364 shares @ $13.75 (cost $18,755) and 7,894 shares @ $19.00 (cost $149,986) — total exercised 9,258 shares, total exercise cost $168,741
• Shares sold in open market: 1,364 @ $51.42 (proceeds $70,132) and 7,894 @ $51.38 (proceeds $405,626) — total proceeds $475,758
• Net difference (proceeds minus exercise cost): $307,017 (not adjusted for taxes/fees)
• Filing notes/footnotes:
  • F1: Some shares are held in the reporting person's Fastenal 401(k) account; includes 345 shares added since the last report (6/9/2025).
  • F2 & F4: Vesting schedules for the reported options (one vesting over eight years with 25% after two years; another vesting over five years with 40% after two years).
  • F3: Option amounts were adjusted for a 2-for-1 stock split on May 21, 2025; option was previously reported on Form 3 (11/6/2024).
• Shares owned after the transaction: not specified in the provided filing excerpt
• Filing timeliness: not indicated in the provided data

Context

• This was effectively a cashless exercise and sale: the insider exercised options and sold the shares immediately in the open market, a routine transaction often used to cover exercise costs and taxes. Such transactions are common for option holders and are not, by themselves, a clear signal of company outlook.