SEC Filing Analysis: Four Corners Property Trust, Inc. (FCPT)

Executive Summary

• Trading Significance: Low
• Key Takeaway: A director executed a minor sale of common stock valued at approximately $20,000.
• Market Impact: The transaction is too small to have any meaningful impact on the market or stock price.

Company Information

Field	Value
Company	Four Corners Property Trust, Inc.
Ticker Symbol	FCPT
CIK	0001650132
Industry	REAL ESTATE INVESTMENT TRUSTS

Insider Information

Field	Value
Name	Steele Toni S
CIK	0001831520
Title/Position	null
Relationship	Director

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-11-03
Transaction Code	S
Security Type	Common Stock
Shares Involved	838
Price Per Share	$23.9019
Total Value	$20,029.80
Shares Owned After	25,829
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$20,029.80
% of Market Cap	0.0008%
Shares Transacted	838
% of Shares Outstanding	0.0008%
Post-Transaction Ownership	25,829 shares (0.025% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: The $20k sale is negligible compared to Four Corners Property Trust's $2.51 billion market capitalization.
• Ownership Concentration: The sale represents a very small portion (approx. 3.1%) of the director's holdings and does not materially change their already small ownership stake.
• Transaction Significance: The transaction's value is less than 0.001% of the company's market cap and involves less than 0.001% of its outstanding shares, categorizing it as a routine, low-significance event likely for personal financial management.