Sierra Bancorp (BSRR) CFO exercises options and sells 10,000 shares

Rhea-AI Filing Summary

Sierra Bancorp EVP and Chief Financial Officer Christopher G. Treece exercised stock options for 10,000 shares of common stock at $27.11 per share and on the same day sold 10,000 shares at an average price of $38.1768. Following these transactions, he directly holds 39,095 common shares and retains stock options tied to 1,560 underlying shares expiring in 2030.

Insider Trade Summary

Net Seller: 10,000 shares ($381,768)

Net Sell 4 txns

Insider Treece Christopher G

Role EVP/Chief Financial Officer

Sold 10,000 shs ($382K)

Type	Security	Shares	Price	Value
Exercise	Stock Options	10,000	$0.00	--
Exercise	Common Stock	10,000	$27.11	$271K
Sale	Common Stock	10,000	$38.1768	$382K
holding	Stock Options	--	--	--

Holdings After Transaction: Stock Options — 8,440 shares (Direct, null); Common Stock — 49,095 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 10,000 shares Sale price: $38.1768 per share Options exercised: 10,000 shares +4 more

7 metrics

Shares sold 10,000 shares Common stock open-market sale on 2026-05-22 at $38.1768

Sale price $38.1768 per share Average price for 10,000 common shares sold

Options exercised 10,000 shares Common shares acquired via option exercise on 2026-05-22

Exercise price $27.11 per share Stock option exercise price for 10,000 underlying shares

Shares held after sale 39,095 shares Total direct common stock holdings after transactions

Remaining option underlying shares 1,560 shares Underlying common shares for remaining stock options

Option expiration date February 20, 2030 Expiration for remaining stock options at $27.11

Key Terms

open-market sale, derivative exercise/conversion, Stock Options, underlying security

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.

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.

underlying security financial

"underlying_security_title": "Common Stock""

Form 4 Insider Transactions: What Each Field Means →

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^*

Treece Christopher G

(Last) (First) (Middle)

86 NORTH 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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	05/22/2026		M		10,000	A	$27.11	49,095	D
Common Stock	05/22/2026		S		10,000	D	$38.1768	39,095	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	$27.11							02/20/2025	02/20/2030	Common Stock	1,560		1,560	D
Stock Options	$27.11	05/22/2026		M			10,000	02/20/2025	02/20/2030	Common Stock	10,000	$0	8,440	D

Explanation of Responses:

	/s/ Christopher G. Treece	05/22/2026
	** 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)

FAQ

What insider transactions did Sierra Bancorp (BSRR) report for Christopher G. Treece?

Sierra Bancorp reported that EVP and CFO Christopher G. Treece exercised stock options for 10,000 common shares and sold 10,000 common shares. These transactions occurred on the same date and reflect an option exercise combined with an open-market sale of the acquired shares.

At what prices did the Sierra Bancorp (BSRR) CFO exercise options and sell shares?

Christopher G. Treece exercised stock options at $27.11 per share and sold 10,000 Sierra Bancorp common shares at an average price of $38.1768. This shows the spread between his option exercise price and the market price realized in the sale.

How many Sierra Bancorp (BSRR) shares does the CFO hold after these transactions?

After the reported transactions, Christopher G. Treece directly holds 39,095 shares of Sierra Bancorp common stock. This figure reflects his ownership following the 10,000-share option exercise and the 10,000-share open-market sale completed on the same date.

What stock options remain for the Sierra Bancorp (BSRR) CFO after this Form 4?

Following the reported exercise, Christopher G. Treece retains stock options linked to 1,560 underlying Sierra Bancorp common shares. These remaining options carry an exercise price of $27.11 per share and are scheduled to expire on February 20, 2030.

Was the Sierra Bancorp (BSRR) CFO’s sale classified as an open-market transaction?

Yes. The Form 4 classifies Christopher G. Treece’s 10,000-share disposition as an open-market sale. The transaction code is “S,” described as a sale in open market or private transaction, with an average sale price of $38.1768 per share on the transaction date.

What is the net share effect of the Sierra Bancorp (BSRR) CFO’s reported trades?

The filing shows 10,000 shares acquired through option exercise and 10,000 shares sold, resulting in a net 10,000-share disposition in the transaction summary. Despite this, the CFO still holds 39,095 common shares and has remaining options tied to 1,560 shares.