[144] Sierra Bancorp SEC Filing

Rhea-AI Filing Summary

Sierra Bancorp (BSRR) filed a Form 144 reporting a proposed sale of 3,600 common shares through Morgan Stanley Smith Barney on NASDAQ, with an aggregate market value of $86,832. The filing shows the shares are part of the companys outstanding 13,590,273 shares and lists an approximate sale date of 08/08/2025.

The shares were acquired on 05/07/2019 as employee stock unit award(s) and no securities of the issuer were reported sold by the filer in the past three months. The notice includes the standard attestation that the seller does not possess undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR: Planned insider sale is very small relative to outstanding shares, so market impact appears limited.

The filing discloses a proposed sale of 3,600 common shares with an aggregate market value of $86,832. Against 13,590,273 shares outstanding, the sale represents about 0.0265% of the outstanding share count, indicating negligible dilution or supply pressure from this single transaction. The shares were acquired as employee stock unit awards on 05/07/2019, and the planned sale date is 08/08/2025. Because the sale appears to be a routine disposition of vested employee units and no other recent insider sales are reported, this Form 144 is unlikely to be material for valuation or trading decisions on its own.

Corporate Governance Expert

TL;DR: This is a routine Rule 144 notice for employee-held units; it documents compliance rather than signaling governance issues.

The document shows the securities were acquired through employee stock unit awards and are being sold via a broker, Morgan Stanley Smith Barney. The filer affirms the absence of undisclosed material adverse information as required by the form. No sales in the prior three months are reported. From a governance and disclosure standpoint, the filing meets Rule 144 notification requirements and provides standard transparency about an insider disposition.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	3600	86832.00	13590273	08/08/2025	NASDAQ

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	05/07/2019	Employee stock unit award(s)	Issuer			3600	05/07/2019	Employee stock unit award(s)

* 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

Nothing to Report

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)

FAQ

What does the Form 144 for Sierra Bancorp (BSRR) report?

The Form 144 reports a proposed sale of 3,600 common shares by the filer, to be executed through Morgan Stanley Smith Barney on NASDAQ.

How much are the shares worth according to the filing?

The filing shows an aggregate market value of $86,832 for the 3,600 shares proposed to be sold.

When were the shares acquired that are being sold?

The shares were acquired on 05/07/2019 as employee stock unit award(s) and the date of payment is listed as 05/07/2019.

What is the planned date of the sale?

The approximate date of sale listed on the Form 144 is 08/08/2025.

Has the filer sold other securities of the issuer in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.