Warburg Pincus sells 6.56M shares of BANC (NYSE: BANC) under Rule 144

Rhea-AI Filing Summary

Warburg Pincus LLC reported Rule 144 sales of Common Stock. The filing shows sales of 2,640,244 shares on 05/07/2026 for $49,927,014.04 and 3,917,436 shares on 05/26/2026 for $73,882,842.96. The shares were originally acquired in a merger on 11/30/2023 as merger consideration.

Insights

Institutional Ownership Analyst

Large secondary sales from a private-equity holder reported under Rule 144.

The excerpt documents two discrete Rule 144 dispositions by Warburg Pincus LLC: 2,640,244 shares on 05/07/2026 and 3,917,436 shares on 05/26/2026, with respective proceeds of $49,927,014.04 and $73,882,842.96. The filing also states these securities were acquired in a merger on 11/30/2023 as merger consideration.

These entries are routine Rule 144 resale notices for previously restricted shares. Cash-flow treatment indicates proceeds to the selling holder; the excerpt does not allocate proceeds to the issuer. Subsequent public filings may disclose remaining holdings or any transfer restrictions tied to the merger consideration.

Key Figures

Sale on 05/07/2026: 2,640,244 shares Proceeds on 05/07/2026: $49,927,014.04 Sale on 05/26/2026: 3,917,436 shares +4 more

7 metrics

Sale on 05/07/2026 2,640,244 shares sale reported by Warburg Pincus LLC

Proceeds on 05/07/2026 $49,927,014.04 proceeds from 2,640,244-share sale

Sale on 05/26/2026 3,917,436 shares sale reported by Warburg Pincus LLC

Proceeds on 05/26/2026 $73,882,842.96 proceeds from 3,917,436-share sale

Total shares sold (sum of listed rows) 6,557,680 shares aggregate of the two reported sales in the excerpt

Total proceeds (sum of listed rows) $123,809,857.00 aggregate proceeds from the two reported sales

Acquisition date 11/30/2023 shares acquired in a merger as merger consideration

Key Terms

Rule 144, merger consideration, Form 144

3 terms

Rule 144 regulatory

"144: Securities Sold During The Past 3 Months"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

merger consideration financial

"Securities acquired in a merger | Merger Consideration"

Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.

Form 144 regulatory

"CONTENT TO ANALYZE: Filer Information | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 05/29/2026 - 05:18 PM Accepted by SEC EDGAR 05/29/2026 - 05:18 PM Learn about SEC filing dates

FAQ

What did Warburg Pincus LLC report in the Form 144 for BANC?

Warburg Pincus LLC reported sales of 2,640,244 shares on 05/07/2026 and 3,917,436 shares on 05/26/2026, with proceeds of $49,927,014.04 and $73,882,842.96, respectively.

When were the reported shares originally acquired by Warburg Pincus LLC?

The filing states the shares were acquired in a merger on 11/30/2023 and are described as merger consideration in the excerpt.

Does the Form 144 indicate proceeds went to the issuer (BANC)?

The excerpt shows the sales as dispositions by Warburg Pincus LLC; it does not state that the issuer received proceeds, implying proceeds were received by the selling holder.

What securities and exchange are noted in the filing?

The filing lists Common Stock and references the NYSE. A trade date of 05/29/2026 also appears in the securities information section of the excerpt.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 383 Madison Avenue New York NY 10179	102	1962.48	153724787	05/29/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	11/30/2023	Securities acquired in a merger	Issuer			102	11/30/2023	Merger Consideration

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Warburg Pincus LLC 450 Lexington Ave New York NY 10017	Common Stock	05/07/2026	2640244	49927014.04
Warburg Pincus LLC 450 Lexington Ave New York NY 10017	Common Stock	05/26/2026	3917436	73882842.96

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)