DANIEL L. FLORNESS - 14 Nov 2023 Form 4 Insider Report for FASTENAL CO (FAST)

Role
CEO AND PRESIDENT, Director
Signature
/s/ John J. Milek , Attorney-in-Fact
Issuer symbol
FAST
Transactions as of
14 Nov 2023
Transactions value $
$-842,502
Form type
4
Filing time
15 Nov 2023, 14:19:44 UTC
Previous filing
05 Sep 2023
Next filing
01 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FAST Common Stock Options Exercise $460,000 +20,000 +7.07% $23.00 302,929 14 Nov 2023 Direct
transaction FAST Common Stock Sale $-1,204,128 -20,000 -6.6% $60.21 282,929 14 Nov 2023 Direct
transaction FAST Common Stock Options Exercise $115,000 +5,000 +1.77% $23.00 287,929 14 Nov 2023 Direct
transaction FAST Common Stock Tax liability $-213,374 -3,519 -1.22% $60.63 284,410 14 Nov 2023 Direct F1
holding FAST Common Stock 10,778 14 Nov 2023 By 401(K) Plan F2
holding FAST Common Stock 10,000 14 Nov 2023 Owned by Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FAST Employee Stock Option (Right to Buy) Options Exercise $0 -25,000 -50% $0.000000 25,000 14 Nov 2023 Common Stock 25,000 $23.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was a 'sale to cover' in which the reporting person exercised 5,000 derivative securities (Employee Stock Options) and sold 3,519 optioned shares to pay the cost and taxes associated with acquiring and holding 1,481 optioned shares.
F2 Shares attributed to reporting person's account within issuer's 401(K) Plan and includes an additional 436 shares acquired since the reporting person's prior report filed on 9/16/2022.
F3 The option will vest and become exercisable over a period of five years, with 50% of the option vesting and becoming exercisable half-way through the vesting period, with the remainder vesting and becoming exercisable incrementally (20%, 20% and 10%) each year thereafter.