Daniel L. Florness - Nov 30, 2023 Form 4 Insider Report for FASTENAL CO (FAST)

Role
CEO AND PRESIDENT, Director
Signature
/s/ John J. Milek , Attorney-in-Fact
Stock symbol
FAST
Transactions as of
Nov 30, 2023
Transactions value $
-$828,559
Form type
4
Date filed
12/4/2023, 12:51 PM
Previous filing
Nov 15, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FAST Common Stock Options Exercise $449K +19.5K +6.86% $23.00 304K Nov 30, 2023 Direct
transaction FAST Common Stock Sale -$1.17M -19.5K -6.42% $60.02 284K Nov 30, 2023 Direct
transaction FAST Common Stock Options Exercise $127K +5.5K +1.93% $23.00 290K Nov 30, 2023 Direct
transaction FAST Common Stock Tax liability -$233K -3.89K -1.34% $59.89 286K Nov 30, 2023 Direct F1
holding FAST Common Stock 10K Nov 30, 2023 Owned by Spouse
holding FAST Common Stock 10.8K Nov 30, 2023 By 401(K) Plan F2

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 -25K -100% $0.00* 0 Nov 30, 2023 Common Stock 25K $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 5,500 derivative securities (Employee Stock Options) and sold 3,892 optioned shares to pay the cost and taxes associated with acquiring and holding 1,608 optioned shares.
F2 Shares attributed to reporting person's account within issuer's 401(K) Plan and includes an additional 62 shares acquired since the reporting person's prior report filed on 11/15/2023.
F3 The option will fully vest and become exercisable over a period of five years, with 50% of the option vesting and becoming exercisable half way through the relevant vesting period, and the remainder vesting and becoming exercising incrementally (20%, 20% and 10%) each year thereafter.