Form 4: FICO Director Marc F. McMorris Executes Stock Option and Sells Shares
SEC Form 4
Director Marc F. McMorris exercised stock options and sold shares of Fair Isaac Corp (FICO) on August 13, 2024.
Summary
- On August 13, 2024, Marc F. McMorris, a director of Fair Isaac Corp (FICO), executed non-qualified stock options to acquire 1,478 shares of common stock at a price of $475.46 per share.
- Simultaneously, McMorris sold 1,478 shares of FICO common stock at a price of $1,749.33 per share.
- Following these transactions, McMorris directly owns 242 shares of FICO common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Date exercisable for Non-Qualified Stock Options |
| 08/13/2024 | Date of transaction: stock option exercise and share sale |
| 08/15/2024 | Date of signature for the Form 4 filing |
| 02/28/2029 | Expiration date for Non-Qualified Stock Options |
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