FICO Form 4: William Lansing Exercises Options and Reports Multiple Sales
Rhea-AI Filing Summary
William J. Lansing, President and Chief Executive Officer of Fair Isaac Corporation (FICO), reported changes in his beneficial ownership on 09/09/2025. He exercised 6,011 non-qualified stock options with an exercise price of $185.05 per share and, on the same date, sold 6,011 common shares in a series of transactions executed at weighted-average sale prices reported between about $1,531.86 and $1,544.13 (individual weighted averages are shown in the filing). After these transactions his direct beneficial ownership is reported as 42,138 shares. The filing also discloses indirect beneficial ownership of 313,351 shares held by the Lansing Revocable Trust and 18,300 shares held by the Lansing 2025 GRAT. The form is signed by an attorney-in-fact on 09/11/2025.
Positive
- Substantial indirect ownership remains: 313,351 shares held by the Lansing Revocable Trust and 18,300 shares held by the Lansing 2025 GRAT
Negative
- Direct holdings decreased following the reported sales: direct beneficial ownership reported as 42,138 shares after the transactions
Insights
TL;DR: Insider exercised options and sold the resulting shares; overall direct holdings declined while significant indirect holdings remain.
The Form 4 shows an exercise of 6,011 non-qualified stock options at $185.05 and contemporaneous sales of 6,011 common shares executed in multiple trades with weighted-average sale prices reported in the filing (see numbered explanations). Direct beneficial ownership is recorded at 42,138 shares after the transactions. From a trading-impact perspective, these are routine insider option exercises and sales disclosed under Section 16; the disclosure does not include any additional context such as purpose of sale or use of proceeds, and no derivative holdings beyond the exercised options remain reported.
TL;DR: Routine exercise-and-sale transaction by a CEO/director; significant indirect ownership through trusts remains.
The filing identifies William J. Lansing as both an officer (President and CEO) and a director. The transaction pattern—option exercise followed by multiple block sales recorded at weighted-average prices—matches common practices for meeting tax or liquidity needs after option vesting. The filing explicitly reports substantial indirect holdings: 313,351 shares in the Lansing Revocable Trust and 18,300 in a 2025 GRAT, which indicate continued material economic exposure despite the reported sales. No amendments, disciplinary actions, or other governance issues are disclosed in this Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Options (right to buy) | 6,011 | $0.00 | -- |
| Exercise | Common Stock | 6,011 | $185.05 | $1.11M |
| Sale | Common Stock | 420 | $1,532.066 | $643K |
| Sale | Common Stock | 1,686 | $1,533.6707 | $2.59M |
| Sale | Common Stock | 640 | $1,534.8393 | $982K |
| Sale | Common Stock | 160 | $1,535.705 | $246K |
| Sale | Common Stock | 230 | $1,537.0961 | $354K |
| Sale | Common Stock | 1,097 | $1,539.7313 | $1.69M |
| Sale | Common Stock | 764 | $1,541.0908 | $1.18M |
| Sale | Common Stock | 497 | $1,541.9209 | $766K |
| Sale | Common Stock | 337 | $1,543.7977 | $520K |
| Sale | Common Stock | 180 | $1,544.77 | $278K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $1,531.8550 to $1,532.55. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades at prices ranging from $1,533.03 to $1,534.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades at prices ranging from $1,534.3650 to $1,535.17. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades at prices ranging from $1,536.8450 to $1,537.67. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades at prices ranging from $1,539.3550 to $1,540.3075. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades at prices ranging from $1,540.7350 to $1,541.5650. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades at prices ranging from $1,541.80 to $1,542.02. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This transaction was executed in multiple trades at prices ranging from $1,543.1550 to $1,544.13. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected. This option vested in four equal annual installments commencing on this date.
