Sierra Bancorp director exercises options, sells shares

Sierra Bancorp director Vonn R. Christenson reported an option exercise and related share sale.

Rhea-AI Filing Summary

Sierra Bancorp director Vonn R. Christenson reported an option exercise and related share sale. On 2026-05-08, Christenson exercised stock options to acquire 3,947 shares of common stock at $28.2100 per share, then sold 3,947 shares in an open-market transaction at an average price of $38.0543 per share. The filing also shows continuing direct and indirect ownership positions, including shares held in the name of a spouse.

Insider Trade Summary

Exercise and Sale: 3,947 shares ($39K approx. pre-tax spread)

Exercise and Sale 5 txns

Insider Christenson Vonn R

Role Director

Sold 3,947 shs ($150K)

Approx. gross sale proceeds $150K

Approx. exercise cost $111K

Approx. pre-tax spread $39K

Type	Security	Shares	Price	Value
Exercise	Stock Options	3,947	$0.00	$0.00
Exercise	Common Stock	3,947	$28.21	$111K
Sale	Common Stock	3,947	$38.0543	$150K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options — 1,053 contracts (Direct); Common Stock — 11,328 shares (Direct); Common Stock — 286 shares (Indirect, Spouse)

Key Figures

Shares sold: 3,947 shares Sale price: $38.0543 per share Options exercised: 3,947 shares +3 more

6 metrics

Shares sold 3,947 shares Common stock open-market sale on 2026-05-08

Sale price $38.0543 per share Average price for 3,947 common shares sold

Options exercised 3,947 shares Common stock acquired via option exercise (code M)

Option exercise price $28.2100 per share Exercise price for 3,947 underlying common shares

Remaining options 1,053 options Stock options remaining after exercise, expiring 2027-02-16

Net share change -3,947 shares Net buy/sell shares across reported transactions

Key Terms

open-market sale, Stock Options, derivative security, indirect ownership

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.

Stock Options financial

"Stock Options derivative transaction with underlying common stock"

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.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

indirect ownership financial

"Indirect ownership coded I with nature of ownership Spouse"

FAQ

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

What insider transaction did Sierra Bancorp (BSRR) report for Vonn R. Christenson?

Sierra Bancorp reported that director Vonn R. Christenson exercised stock options for 3,947 common shares and sold 3,947 shares in an open-market transaction on 2026-05-08. This is an exercise-and-sell pattern commonly used to monetize option awards.

How many Sierra Bancorp (BSRR) shares did Vonn R. Christenson sell and at what price?

Vonn R. Christenson sold 3,947 Sierra Bancorp common shares in an open-market transaction at an average price of $38.0543 per share. This sale followed the exercise of stock options covering the same number of shares on 2026-05-08.

At what price did Vonn R. Christenson exercise Sierra Bancorp (BSRR) stock options?

Christenson exercised stock options for 3,947 Sierra Bancorp common shares at an exercise price of $28.2100 per share. These options, originally dated 2017-02-16 and expiring 2027-02-16, were converted into common stock before the same number of shares were sold.

Does Vonn R. Christenson still hold Sierra Bancorp (BSRR) shares after this Form 4?

Yes. The Form 4 lists remaining direct common stock holdings and additional indirect holdings through a spouse. Exact totals vary by line item, but the filing confirms that Christenson and a spouse continue to own Sierra Bancorp shares after the reported transactions.

What type of Form 4 transactions did Sierra Bancorp (BSRR) disclose for Vonn R. Christenson?

The Form 4 shows a derivative exercise and an open-market sale. Christenson exercised stock options (code M) for 3,947 common shares and then executed a sale (code S) of 3,947 common shares on the same date, alongside updated holding entries.

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

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Accepted by SEC EDGAR 05/12/2026 - 06:52 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)
05/08/2026

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	05/08/2026		M		3,947	A	$28.21	4,136	D
Common Stock	05/08/2026		S		3,947	D	$38.0543	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	05/08/2026		M			3,947	02/16/2017	02/16/2027	Common Stock	3,947	$0	1,053	D

Explanation of Responses:

	/s/ Vonn R. Christenson	05/12/2026
	** 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)