Floor & Decor (NYSE: FND) EVP exercises 28K options, sells 15K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Floor & Decor Holdings, Inc. executive vice president of merchandising Ersan Sayman exercised stock options and sold shares in a combined transaction. Sayman exercised options for 28,320 shares of Class A common stock at an exercise price of $9.99 per share, then sold 15,200 shares in an open-market transaction at a weighted average price of $48.28 per share.
According to the disclosure, the expiring options were exercised using a cashless sell-to-cover method, meaning shares were sold to cover the option purchase price, fees and taxes. Following these transactions, Sayman directly holds 71,676 shares of Class A common stock, and the exercised option grant, which vested in five equal annual installments through September 30, 2021, is now fully exercised with no remaining derivative position.
Positive
- None.
Negative
- None.
Insights
Routine option exercise with partial sell-to-cover; net equity position increased.
Ersan Sayman exercised 28,320 stock options at an exercise price of $9.99 and sold 15,200 shares at a weighted average of $48.28. Footnotes state this was a cashless sell-to-cover of the option cost, fees and taxes.
The pattern is typical of expiring equity awards: a derivative exercise (code M) paired with an open-market sale (code S). After the transactions, Sayman holds 71,676 shares, up from his pre-exercise level, while the related option grant expiring on September 30, 2026 has been fully exercised.
Insider Trade Summary
Net Seller: 15,200 shares ($733,856)
Net Sell
3 txns
Insider
SAYMAN ERSAN
Role
EVP - MERCHANDISING
Sold
15,200 shs ($734K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 28,320 | $0.00 | -- |
| Exercise | Class A common stock, par value $0.001 | 28,320 | $9.99 | $283K |
| Sale | Class A common stock, par value $0.001 | 15,200 | $48.28 | $734K |
Holdings After Transaction:
Stock Options (right to buy) — 0 shares (Direct, null);
Class A common stock, par value $0.001 — 86,876 shares (Direct, null)
Footnotes (1)
- The amount reported in Column 5 of Table I of the reporting person's Form 4 filed on February 26, 2026 inadvertently omitted the effect of the acquisition of 7,317 shares reported on the Form 4 filed on February 25, 2026. The amount in this Form 4 gives effect to the transaction reported herein and all previously reported transactions. This Form is being filed to report the exercise of expiring stock option by means of a cashless-sell-to-cover method (selling enough shares to cover option share purchase price, fees and taxes). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.05 to $48.67, inclusive. The reporting person undertakes to provide to Floor & Decor Holdings, Inc., any security holder of Floor & Decor Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the range set forth in this footnote. The option vested in five equal annual installments. The five installments vested on September 30 of each of 2017, 2018, 2019, 2020 and 2021.
Key Figures
Shares sold: 15,200 shares
Weighted average sale price: $48.28 per share
Options exercised: 28,320 shares
+3 more
6 metrics
Shares sold
15,200 shares
Open-market sale of Class A common stock at weighted average price
Weighted average sale price
$48.28 per share
Multiple trades between $48.05 and $48.67 on May 4, 2026
Options exercised
28,320 shares
Stock options exercised at $9.99 exercise price
Option exercise price
$9.99 per share
Strike price for exercised stock options
Shares owned after
71,676 shares
Direct Class A common stock holdings after transactions
Option expiration date
September 30, 2026
Expiration for the exercised stock option grant
Key Terms
cashless-sell-to-cover, weighted average price, open-market sale, stock options, +1 more
5 terms
cashless-sell-to-cover financial
"exercise of expiring stock option by means of a cashless-sell-to-cover method"
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
stock options financial
"Stock Options (right to buy)"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What did Floor & Decor (FND) executive Ersan Sayman do in this Form 4?
Ersan Sayman exercised 28,320 stock options at an exercise price of $9.99 per share and sold 15,200 shares of Class A common stock at a weighted average price of $48.28 per share, using a cashless sell-to-cover structure for the expiring options.
How many Floor & Decor (FND) stock options did Ersan Sayman exercise?
He exercised options covering 28,320 underlying shares of Class A common stock at an exercise price of $9.99 per share. The options vested in five equal annual installments on September 30 of 2017, 2018, 2019, 2020 and 2021, and were approaching their September 30, 2026 expiration.
Was the Floor & Decor (FND) insider transaction a cashless exercise?
Yes. The Form 4 notes that the expiring stock options were exercised using a cashless sell-to-cover method. This means enough shares were sold to cover the option purchase price, related fees and applicable taxes, rather than the insider paying cash out-of-pocket.
What does the weighted average price disclosure mean in this FND Form 4?
The filing reports a weighted average sale price of $48.28 per share for 15,200 shares sold. Footnotes explain the shares were sold in multiple trades between $48.05 and $48.67, and that detailed trade-level information is available on request from the company, shareholders or regulators.