Sierra Bancorp insider exercises 4,000 options and sells shares

Sierra Bancorp executive Cindy L. Dabney, who serves as SVP and Chief Accounting Officer, reported multiple stock transactions involving company shares.

Rhea-AI Filing Summary

Sierra Bancorp executive Cindy L. Dabney, who serves as SVP and Chief Accounting Officer, reported multiple stock transactions involving company shares. On 12/03/2025, she exercised a total of 4,000 stock options at exercise prices of $28.21, $27.35, $27.30, and $27.11 per share, converting them into common stock. To help cover the option exercise cost and related taxes, she sold portions of the acquired shares in several transactions at a price of $32.00 per share. After these exercises and sales, she continued to hold a meaningful direct ownership position in Sierra Bancorp common stock, reflecting ongoing personal investment exposure to the company’s performance.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 13 txns

Insider Dabney Cindy L

Role SVP/Chief Accounting Officer

Sold 3,443 shs ($110K)

Approx. gross sale proceeds $110K

Approx. exercise cost $110K

Type	Security	Shares	Price	Value
Exercise	Stock Options	1,000	$0.00	$0.00
Exercise	Stock Options	1,000	$0.00	$0.00
Exercise	Stock Options	1,000	$0.00	$0.00
Exercise	Stock Options	1,000	$0.00	$0.00
Exercise	Common Stock	1,000	$28.21	$28K
Sale	Common Stock	883	$32.00	$28K
Exercise	Common Stock	1,000	$27.35	$27K
Sale	Common Stock	856	$32.00	$27K
Exercise	Common Stock	1,000	$27.30	$27K
Sale	Common Stock	855	$32.00	$27K
Exercise	Common Stock	1,000	$27.11	$27K
Sale	Common Stock	849	$32.00	$27K
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options — 0 contracts (Direct); Common Stock — 8,617.492 shares (Direct)

FAQ

What insider transaction did Sierra Bancorp (BSRR) report for Cindy L. Dabney?

Cindy L. Dabney, Sierra Bancorp's SVP/Chief Accounting Officer, reported exercising 4,000 stock options and selling some of the resulting shares on 12/03/2025.

What were the stock option exercise prices in the Sierra Bancorp (BSRR) Form 4?

The reported stock options were exercised at prices of $28.21, $27.35, $27.30, and $27.11 per share.

At what price were Sierra Bancorp (BSRR) shares sold by the insider?

The Form 4 shows that shares of Sierra Bancorp common stock were sold in multiple transactions at a price of $32.00 per share.

Why did the Sierra Bancorp (BSRR) executive sell shares after exercising options?

The remarks state that the insider sold shares as accompanying sales to cover the exercise price and taxes related to the exercise of 4,000 stock options.

What role does the reporting person hold at Sierra Bancorp (BSRR)?

The reporting person, Cindy L. Dabney, is identified as an Officer, serving as SVP/Chief Accounting Officer of Sierra Bancorp.

Does the Sierra Bancorp (BSRR) Form 4 indicate direct ownership of the shares?

Yes. The common stock transactions reported in the Form 4 are shown as held with Direct (D) ownership by the reporting person.

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Accepted by SEC EDGAR 12/04/2025 - 10:50 AM 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^*

Dabney Cindy L

(Last) (First) (Middle)

86 NORTH 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)
	SVP/Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

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	12/03/2025		M		1,000	A	$28.21	7,348.492	D
Common Stock	12/03/2025		S		883	D	$32	6,465.492	D
Common Stock	12/03/2025		M		1,000	A	$27.35	7,465.492	D
Common Stock	12/03/2025		S		856	D	$32	6,609.492	D
Common Stock	12/03/2025		M		1,000	A	$27.3	7,609.492	D
Common Stock	12/03/2025		S		855	D	$32	6,754.492	D
Common Stock	12/03/2025		M		1,000	A	$27.11	7,754.492	D
Common Stock	12/03/2025		S		849	D	$32	6,905.492	D
Common Stock								1,712	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	12/03/2025		M			1,000	02/16/2017	02/16/2027	Common Stock	1,000	$0	0	D
Stock Options	$27.35	12/03/2025		M			1,000	02/15/2019	02/15/2028	Common Stock	1,000	$0	0	D
Stock Options	$27.3	12/03/2025		M			1,000	02/21/2020	02/21/2029	Common Stock	1,000	$0	0	D
Stock Options	$27.11	12/03/2025		M			1,000	02/20/2021	02/20/2030	Common Stock	1,000	$0	0	D

Explanation of Responses:

Remarks:

Exercise of 4,000 stock options with accompanying sales to cover the exercise price and taxes.

	Cindy L. Dabney	12/03/2025
	** 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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