Fastenal (NASDAQ: FAST) director sells 15,964 shares after exercise

Rhea-AI Filing Summary

Fastenal director Scott Satterlee reported an option exercise and share sale. On January 23, 2026, he exercised a stock option for 15,964 shares of common stock at an exercise price of $19 per share, receiving 15,964 shares. On the same date, he sold 15,964 shares of Fastenal common stock at an average price of $44.1903 per share, and held 50,000 shares directly afterward. Following the transaction, he also held 9,000 stock options. The option originated from Fastenal’s Non-employee Director Stock Option Plan, was granted as annual director compensation, and was immediately vested and exercisable. A prior 2-for-1 stock split on May 21, 2025 adjusted the original option amount and exercise price.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SATTERLEE SCOTT

(Last) (First) (Middle)

2001 THEURER BOULEVARD

(Street)

WINONA MN 55987

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FASTENAL CO [ FAST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/23/2026		M		15,964	A	$19	65,964	D
Common Stock	01/23/2026		S		15,964	D	$44.1903	50,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$19(1)	01/23/2026		M			15,964(1)	01/02/2020(2)	12/31/2029	Common Stock	15,964(1)	$0	9,000	D

Explanation of Responses:

1. The option was previously reported in a filing dated January 6, 2020 as covering 12,482 securities at an exercise price of $38.00 and the amounts were adjusted to reflect a 2-for-1 stock split on May 21, 2025.

2. This option was issued to the reporting person pursuant to the Fastenal Company Non-employee Director Stock Option Plan and in connection with his annual director compensation, which option was immediately vested and exercisable on the grant date.

Remarks:

	/s/ John J. Milek, Attorney-in-Fact	01/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Fastenal (FAST) director Scott Satterlee report?

Scott Satterlee reported exercising a stock option for 15,964 shares of Fastenal common stock at an exercise price of $19 per share and then selling 15,964 shares of common stock at an average price of $44.1903 per share on January 23, 2026.

How many Fastenal (FAST) shares does Scott Satterlee own after the reported Form 4 transactions?

After the reported transactions, Scott Satterlee directly owned 50,000 shares of Fastenal common stock and held 9,000 stock options.

What was the exercise price of Scott Satterlee’s Fastenal stock options?

The stock option exercised by Scott Satterlee on January 23, 2026 covered 15,964 shares at an exercise price of $19 per share.

At what price did Scott Satterlee sell Fastenal (FAST) shares?

Scott Satterlee sold 15,964 shares of Fastenal common stock at an average price of $44.1903 per share.

What is the origin of the Fastenal stock option exercised by Scott Satterlee?

The option was issued to Scott Satterlee under the Fastenal Company Non-employee Director Stock Option Plan as part of his annual director compensation and was immediately vested and exercisable on the grant date.

How did Fastenal’s 2-for-1 stock split affect Scott Satterlee’s option grant?

A 2-for-1 stock split on May 21, 2025 adjusted the previously reported option, originally covering 12,482 securities at an exercise price of $38.00, to reflect the split, resulting in the current 15,964-share option at $19 per share.