Thomas V. Taylor - Dec 14, 2023 Form 4 Insider Report for Floor & Decor Holdings, Inc. (FND)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Monica Shilling, by Power of Attorney
Stock symbol
FND
Transactions as of
Dec 14, 2023
Transactions value $
-$10,051,000
Form type
4
Date filed
12/18/2023, 04:16 PM
Previous filing
Jul 21, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FND Class A common stock, par value $0.001 Options Exercise $500K +50K +28.11% $9.99* 228K Dec 14, 2023 Direct
transaction FND Class A common stock, par value $0.001 Sale -$5.4M -50K -21.94% $108.00 178K Dec 14, 2023 Direct F1
transaction FND Class A common stock, par value $0.001 Options Exercise $500K +50K +28.11% $9.99* 228K Dec 15, 2023 Direct
transaction FND Class A common stock, par value $0.001 Sale -$5.65M -50K -21.94% $113.00 178K Dec 15, 2023 Direct F1
holding FND Class A common stock, par value $0.001 965 Dec 14, 2023 By son
holding FND Class A common stock, par value $0.001 33.9K Dec 14, 2023 By the Taylor Grantor Retained Annuity Trust, of which Mr. Taylor is the trustee. 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 FND Stock Option (right to buy) Options Exercise $0 -50K -29.69% $0.00 118K Dec 14, 2023 Class A common stock, par value $0.001 50K $9.99 Direct F3
transaction FND Stock Option (right to buy) Options Exercise $0 -50K -42.23% $0.00 68.4K Dec 15, 2023 Class A common stock, par value $0.001 50K $9.99 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale was effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 17, 2023.
F2 The reported securities are remainder interests held in sub-trust accounts of the Taylor Grantor Retained Annuity Trust, which are held for the benefit of the reporting person's children. Such securities will be distributed to each child upon their 30th birthday and, because of the nature of the sub-trusts, distributions will be non-discretionary and therefore will not be reported.
F3 The option vested and became exercisable in five equal installments on September 30 of each of 2017, 2018, 2019, 2020, and 2021.