Banc of California (BANC) CCO sells 14,988 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BANC OF CALIFORNIA, INC. chief credit officer Bryan M. Corsini reported an open-market sale of Common Stock. On 2026-05-26, he sold 14,988 shares at a weighted average price of $19.064 per share in multiple trades priced between $19.060 and $19.075. Following this sale, he directly owns 59,045 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,988 shares ($285,731)
Net Sell
1 txn
Insider
CORSINI BRYAN M
Role
CHIEF CREDIT OFFICER
Sold
14,988 shs ($286K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,988 | $19.064 | $286K |
Holdings After Transaction:
Common Stock — 59,045 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 14,988 shares
Weighted average sale price: $19.064 per share
Sale price range: $19.060–$19.075 per share
+1 more
4 metrics
Shares sold
14,988 shares
Open-market sale on May 26, 2026
Weighted average sale price
$19.064 per share
Common Stock sale on May 26, 2026
Sale price range
$19.060–$19.075 per share
Multiple transactions included in reported sale
Shares owned after sale
59,045 shares
Direct Common Stock ownership following transaction
Key Terms
open-market sale, weighted average price, Common Stock, Form 4
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The reported price is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"According to the Form 4 filing"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did BANC (BANC) report for Bryan M. Corsini?
Banc of California reported that chief credit officer Bryan M. Corsini sold 14,988 shares of Common Stock in an open-market transaction on May 26, 2026, at a weighted average price of $19.064 per share, according to the Form 4 filing.
What type of transaction did the BANC (Banc of California) Form 4 disclose?
The Form 4 discloses an open-market sale of Banc of California Common Stock by chief credit officer Bryan M. Corsini. The SEC code “S” indicates a sale in open market or private transaction, and the filing classifies the transaction as non-derivative common stock.
Does the BANC (BANC) Form 4 mention a weighted average sale price?
Yes. The Form 4 states that the reported $19.064 price is a weighted average. It notes the shares were sold across multiple trades between $19.060 and $19.075 per share, and offers to provide detailed trade information upon request to interested parties.