He's doing the best he can with the information he's given. Hindsight 20/20. There's no one individual at fault, and no matter how anxious we feel, the people on the other side are almost certainly more stressed trying to get the decisions out asap.
If nothing else, it's a good learning experience. Learning about the grant writing process, trying to understand what the reviewers want, trying to figure out what's novel or new in your area of research. You probably do deserve the fellowship, and they may not have enough funding to give it to everyone who does deserve it.
Congratulations on your accomplishment! We will be reaching out to you shortly about your keynote speaker position for the upcoming ~December Gang~ conference!