Sierra Bancorp officer withholds 665 shares

Sierra Bancorp executive Michael Olague reported a tax-related share disposition.

Rhea-AI Filing Summary

Sierra Bancorp executive Michael Olague reported a tax-related share disposition. On February 23, 2026, 665 shares of Sierra Bancorp common stock were withheld at $36.09 per share to satisfy tax obligations triggered by the vesting of previously granted restricted stock. This withholding reduced his reported direct holdings but did not involve an open-market sale or cash proceeds from selling shares into the market.

Insider Trade Summary

Exercise Price or Tax Liability: 665 shares

Exercise Price or Tax Liability 2 txns

Insider Olague Michael

Role EVP/Chief Banking Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	665	$36.09	$24K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 35,608 shares (Direct)

Footnotes (1)

1. F1. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock.

FAQ

What did Sierra Bancorp (BSRR) executive Michael Olague report in this Form 4?

Michael Olague reported a tax-withholding disposition of 665 Sierra Bancorp shares. The shares were withheld to cover taxes due when previously awarded restricted stock vested, rather than sold on the open market, reflecting an administrative equity-compensation event.

How many Sierra Bancorp (BSRR) shares were used for tax withholding?

A total of 665 Sierra Bancorp common shares were withheld for taxes. This occurred when earlier restricted stock awards vested, and the company retained shares instead of Mr. Olague paying the tax obligation in cash to the tax authorities.

What price per share was used for the Sierra Bancorp (BSRR) tax withholding?

The tax-withholding disposition used a price of $36.09 per Sierra Bancorp share. This price is used solely for reporting and tax-calculation purposes and does not indicate that the shares were sold in an open-market transaction on an exchange.

Was this Sierra Bancorp (BSRR) Form 4 a stock sale by Michael Olague?

The Form 4 reflects a tax-withholding disposition, not an open-market stock sale. Shares were withheld to satisfy tax obligations from vesting restricted stock, meaning Mr. Olague did not sell these shares to outside buyers for cash proceeds.

What role does Michael Olague hold at Sierra Bancorp (BSRR)?

Michael Olague serves as Executive Vice President and Chief Banking Officer at Sierra Bancorp. The reported Form 4 transaction relates to his equity compensation, specifically restricted stock that vested and generated a tax liability covered by share withholding.

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Accepted by SEC EDGAR 02/25/2026 - 05:21 PM 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
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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^*

Olague Michael

(Last) (First) (Middle)

86 N MAIN STREET

(Street)

PORTERVILLE CA 93257

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP/Chief Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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

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

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	02/23/2026		F		665(1)	D	$36.09	26,799	D
Common Stock								8,809	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

Explanation of Responses:

1. Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock.

	/s/ Michael Olague	02/24/2026
	** 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.
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