Sierra Bancorp director exercises options, sells shares

Sierra Bancorp director Vonn R. Christenson reported an exercise-and-sell transaction in Common Stock.

Rhea-AI Filing Summary

Sierra Bancorp director Vonn R. Christenson reported an exercise-and-sell transaction in Common Stock. On May 18, 2026, he exercised 1,053 stock options into 1,053 shares of Common Stock at $28.21 per share and then sold 1,053 shares in an open‑market transaction at an average price of $38.011 per share.

Following these transactions, the filing shows 189 shares held directly and 286 shares held indirectlyzero remaining options, indicating a full exercise of that option grant.

Insider Trade Summary

Exercise and Sale: 1,053 shares ($10K approx. pre-tax spread)

Exercise and Sale 5 txns

Insider Christenson Vonn R

Role Director

Sold 1,053 shs ($40K)

Approx. gross sale proceeds $40K

Approx. exercise cost $30K

Approx. pre-tax spread $10K

Type	Security	Shares	Price	Value
Exercise	Stock Options	1,053	$0.00	$0.00
Exercise	Common Stock	1,053	$28.21	$30K
Sale	Common Stock	1,053	$38.011	$40K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options — 0 contracts (Direct); Common Stock — 11,328 shares (Direct); Common Stock — 286 shares (Indirect, Spouse)

Key Figures

Shares sold: 1,053 shares Sale price: $38.011 per share Options exercised: 1,053 options +4 more

7 metrics

Shares sold 1,053 shares Open-market sale of Common Stock on May 18, 2026

Sale price $38.011 per share Average price for 1,053 shares of Common Stock sold

Options exercised 1,053 options Stock options exercised into Common Stock on May 18, 2026

Exercise price $28.21 per share Exercise price for 1,053 stock options

Direct holdings after sale 189 shares Common Stock held directly following reported transactions

Indirect spouse holdings 286 shares Common Stock held indirectly through spouse as reported

Remaining options 0 options Stock option position following the 1,053-option exercise

Key Terms

open-market sale, derivative exercise/conversion, Stock Options, indirect

4 terms

open-market sale financial

"Sale in open market or private transaction"

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.

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion"

Stock Options financial

"security_title: Stock Options"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

indirect financial

"ownership_type: indirect"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Sierra Bancorp (BSRR) director Vonn Christenson report?

Director Vonn R. Christenson reported an exercise-and-sell transaction. He exercised 1,053 stock options into Common Stock and sold 1,053 shares in an open-market transaction on May 18, 2026, as reflected in the Form 4 filing.

How many Sierra Bancorp (BSRR) shares did the director sell and at what price?

He sold 1,053 shares of Sierra Bancorp Common Stock. The reported average sale price was $38.011 per share in an open-market or private transaction, according to the Form 4 insider trading report.

At what price were the Sierra Bancorp (BSRR) stock options exercised by the director?

The director exercised 1,053 stock options at $28.21 per share. These options converted into 1,053 shares of Common Stock before the same number of shares were sold in the open market on May 18, 2026.

How many Sierra Bancorp (BSRR) shares does the director hold after the reported transactions?

After the transactions, the filing shows 189 shares of Common Stock held directly. It also reports 286 shares held indirectly through a spouse, giving a view of both direct and indirect post-transaction holdings.

What happened to the Sierra Bancorp (BSRR) stock options in this Form 4?

The Form 4 shows 1,053 stock options on Sierra Bancorp Common Stock were exercised, reducing that option position to zero. The underlying 1,053 shares received from the exercise were then sold in the reported open-market transaction.

Was this Sierra Bancorp (BSRR) insider trade a net buy or sell for the director?

The filing reflects a net sale. The director exercised 1,053 stock options to acquire shares and then sold 1,053 shares, with the transaction summary indicating net-sell activity of 1,053 shares for this reporting period.

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

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Accepted by SEC EDGAR 05/20/2026 - 02:52 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Christenson Vonn R

(Last) (First) (Middle)

86 N MAIN STREET

(Street)

PORTERVILLE CALIFORNIA 93257

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SIERRA BANCORP [ BSRR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/18/2026		M		1,053	A	$28.21	1,242	D
Common Stock	05/18/2026		S		1,053	D	$38.011	189	D
Common Stock								286	I	Spouse
Common Stock								11,139	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$28.21	05/18/2026		M			1,053	02/16/2017	02/16/2027	Common Stock	1,053	$0	0	D

Explanation of Responses:

	/s/ Vonn R. Christenson	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)