Daniel L. Florness - 09 Dec 2021 Form 4 Insider Report for FASTENAL CO (FAST)

Role: CEO and President, Director
Signature: /s/ John Milek, Attorney-in-Fact
Issuer symbol: FAST
Transactions as of: 09 Dec 2021
Net transactions value: -$920,835
Form type: 4
Filing time: 10 Dec 2021, 15:20:48 UTC
Previous filing: 01 Dec 2021
Next filing: 05 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FAST	Common Stock	Options Exercise	$1,150,000	+50,000	+19%	$23.00	310,657	09 Dec 2021	Direct
transaction	FAST	Common Stock	Tax liability	$2,070,835	-32,728	-11%	$63.27	277,929	09 Dec 2021	Direct	F3
holding	FAST	Common Stock						20,000	09 Dec 2021	By Family Trust	F1
holding	FAST	Common Stock						10,033	09 Dec 2021	By 401(K) Plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FAST	Employee Stock Option (Right to Buy)	Options Exercise	$0	-50,000	-50%	$0.000000	50,000	09 Dec 2021	Common Stock	50,000	$23.00	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are held in a trust for which reporting person's spouse serves as a trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or any other purpose.
F2	Shares attributed to reporting person's account within issuer's 401(K) Plan and includes an additional 46 shares acquired since the reporting person's prior holding report filed on 11/12/2021.
F3	This transaction consisted of a 'sell to cover' in which the reporting person exercised 50,000 derivative securities (Employee Stock Options) and sold 32,728 optioned shares to pay the cost and taxes associated with acquiring and holding 17,272 optioned shares.
F4	The option will fully vest and become exercisable over a period of five years, with 50% of the option vesting and becoming exercisable half way through the relevant vesting period, and the remainder vesting and becoming exercisable incrementally (20%, 20% and 10%) each year thereafter.