FICO Form 4: Lansing’s 6,010-Share Option Exercise and Disposition
Rhea-AI Filing Summary
William J. Lansing, who is listed as President and CEO and a director of Fair Isaac Corporation (FICO), reported multiple transactions on 08/28/2025. He exercised 6,010 non-qualified stock options at an exercise price of $185.05 and acquired 6,010 shares. On the same date he reported sales totaling 6,010 shares executed in multiple trades at weighted-average prices reported as $1,500.2628, $1,501.2775, $1,502.9765, and two additional small lots at $1,503.35 and $1,505.17. Following these transactions the reporting person shows 42,138 shares held directly and indirect holdings of 313,351 shares in the Lansing Revocable Trust and 18,300 shares in a 2025 GRAT.
Positive
- Exercised 6,010 options at a disclosed exercise price of $185.05, which is clearly reported
- Detailed weighted-average sale prices provided in explanatory notes for the multiple trades
- Significant indirect ownership persists: 313,351 shares in the Lansing Revocable Trust and 18,300 shares in a GRAT
Negative
- Large same-day sale of 6,010 shares reduced direct holdings from 48,148 to 42,138
- High-value disposals executed across multiple trades at prices around $1,500–$1,505, indicating a substantial liquidity event
Insights
TL;DR: CEO exercised 6,010 options and sold 6,010 shares the same day, leaving meaningful indirect holdings.
The filing documents a same-day exercise of 6,010 non-qualified stock options at $185.05 with concurrent sales totaling 6,010 shares across multiple trades at reported weighted-average prices around $1,500–$1,505. The transactions reduced direct beneficial ownership from 48,148 to 42,138 shares while indirect ownership remains significant at 313,351 via a revocable trust plus 18,300 in a GRAT. For investors, this is a routine Section 16 disclosure of option exercise and disposition rather than an operational disclosure; it documents liquidity events by an insider and the persistence of large indirect positions.
TL;DR: Transaction is a documented insider exercise and sale under a reported plan; large indirect holdings remain.
The Form 4 indicates the reporting person is subject to Rule 10b5-1 conditions per the checked box, and transactions were reported as executed in multiple trades with weighted-average sale prices disclosed in explanatory footnotes. The filing is complete with signature by an attorney-in-fact. From a governance standpoint, the filing provides the required transparency on insider activity and confirms substantial indirect ownership remains in estate planning vehicles.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Options (right to buy) | 6,010 | $0.00 | -- |
| Exercise | Common Stock | 6,010 | $185.05 | $1.11M |
| Sale | Common Stock | 2,020 | $1,500.2628 | $3.03M |
| Sale | Common Stock | 1,081 | $1,501.2775 | $1.62M |
| Sale | Common Stock | 2,609 | $1,502.9765 | $3.92M |
| Sale | Common Stock | 100 | $1,503.35 | $150K |
| Sale | Common Stock | 200 | $1,505.17 | $301K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $1,500.00 to $1,501.00. 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 $1,501.01 to $1,501.96. 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 $1,502.27 to $1,503.23. 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.
