Form 4: Foster L B Co. Director Sells Shares Under 10b5-1 Plan

A director and 10% owner of Foster L B Co. reported selling shares of common stock in two transactions under a pre-arranged 10b5-1 plan.

Summary

• Aron R. English, a Director and 10% Owner of Foster L B Co. (FSTR), along with affiliated entities (22NW Fund, LP, 22NW, LP, 22NW Fund GP, LLC, and 22NW GP, Inc.), reported sales of common stock.
• On November 28, 2025, 1,307 shares of common stock were sold at a weighted average price of $27.0855 per share, with prices ranging from $27.0000 to $27.3650.
• On December 1, 2025, an additional 101 shares of common stock were sold at a weighted average price of $26.8168 per share, with prices ranging from $26.8000 to $27.0000.
• These transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following these transactions, the reporting persons beneficially own 1,264,396 shares indirectly through 22NW Fund, LP.

Sentiment

Score: 5

Explanation: Neutral, as the filing reports routine insider stock sales executed under a pre-arranged 10b5-1 plan, which typically do not indicate a change in sentiment or company fundamentals.

Future Outlook

NA

Management Comments

• The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in each transaction.

Industry Context

This Form 4 filing details routine insider stock transactions and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May view insider sales as a signal, though sales under a 10b5-1 plan are often pre-scheduled and less indicative of immediate sentiment or fundamental changes.

Next Steps

• Reporting Persons undertake to provide full information regarding the number of shares sold in each transaction upon request from the Issuer, security holders, or the SEC staff.

Key Dates

Recommendation

The filing reports routine insider sales executed under a pre-arranged 10b5-1 plan, which typically do not signal a change in the company's fundamentals or future prospects. The volume of shares sold is relatively small compared to the total beneficial ownership, suggesting no immediate reason to alter an investment position based solely on this transaction.

Keywords

FSTR, Foster L B Co, Insider Trading, Form 4, Stock Sale, Director, 10% Owner, Aron English, 22NW Fund, Equity Transaction, SEC Filing, 10b5-1 Plan