Warburg Pincus to sell 4.25M BANC shares (NYSE: BANC) via Form 144

Rhea-AI Filing Summary

Warburg Pincus LLC reported proposed sales of 4,250,000 shares of Common Stock of the issuer (symbol BANC) via a Form 144 notice dated 02/13/2026. The filing lists a related figure of $85,000,000 alongside that sale and shows historical acquisition by merger on 11/30/2023. The cover data includes amounts 2,640,244, 50,613,478, and 149,963,520 and references the NYSE with an entry date of 05/07/2026.

Insights

Securities Transactions Analyst

Form 144 indicates an insider-affiliated holder intends to sell shares.

The filing shows Warburg Pincus LLC listed a proposed disposition of 4,250,000 shares with an associated $85,000,000 figure on 02/13/2026. This is a routine notice under Rule 144 identifying a planned sale by a control or affiliate holder.

Transaction timing, methods, and whether sales occurred are not stated in the excerpt; subsequent SEC filings or broker-dealer reports would show execution and any effect on float.

Key Figures

Proposed shares to be sold: 4,250,000 shares Associated figure: $85,000,000 Merger acquisition date: 11/30/2023 +4 more

7 metrics

Proposed shares to be sold 4,250,000 shares Warburg Pincus LLC proposed disposition on 02/13/2026

Associated figure $85,000,000 Listed alongside the 4,250,000-share entry dated 02/13/2026

Merger acquisition date 11/30/2023 Securities acquired in a merger; listed as Merger Consideration

Cover data value 2,640,244 Numeric entry in the cover rows of the excerpt

Cover data value 50,613,478 Numeric entry in the cover rows of the excerpt

Cover data value 149,963,520 Numeric entry in the cover rows of the excerpt

Exchange entry date 05/07/2026 Date referenced alongside NYSE in the cover data

Key Terms

Form 144, Merger Consideration, Issuer, NYSE

4 terms

Form 144 regulatory

"Warburg Pincus LLC ... proposed sale of 4,250,000 shares"

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.

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.

Issuer financial

"Issuer | Common Stock | 11/30/2023"

NYSE market

"149963520 | 05/07/2026 | NYSE"

A large, regulated marketplace where stocks and other securities are listed and traded, acting like a global auction house that matches buyers and sellers and helps determine share prices. It matters to investors because listing and trading there provide liquidity, price discovery, and regulatory oversight—making it easier to buy or sell holdings and giving companies a visible platform that can affect credibility and access to capital.

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

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Accepted by SEC EDGAR 05/07/2026 - 08:12 PM Learn about SEC filing dates

FAQ

What does the Form 144 for BANC show?

It shows a proposed sale of 4,250,000 shares by Warburg Pincus LLC dated 02/13/2026, with an associated $85,000,000 figure noted, and references to prior merger consideration on 11/30/2023.

Does the filing confirm shares were sold for BANC?

No—Form 144 alone does not confirm execution. It is a notice of intent to sell; separate trade reports or amended filings would be needed to confirm actual sale execution and settlement details.

Who is the selling holder listed in the BANC Form 144?

Warburg Pincus LLC is listed as the selling holder, with the proposed disposition of 4,250,000 shares recorded on 02/13/2026 in the excerpt provided.

What historical acquisition is referenced in the filing?

The excerpt lists a merger acquisition date of 11/30/2023 and labels the securities as acquired in a merger, indicating the origin of certain holdings referenced in the notice.

Where can I find execution details for the sales listed?

Execution details are not in Form 144. Look for subsequent SEC trade reports, broker confirmations, or amended filings that state sale method, prices, and actual shares sold following this notice.

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	2640244	50613478	149963520	05/07/2026	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			2640244	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	02/13/2026	4250000	85000000

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)