Sierra Bancorp (BSRR) CEO exercises stock options and sells shares in Feb 2026

Rhea-AI Filing Summary

Sierra Bancorp President and CEO Kevin J. McPhaill reported a series of option exercises and share sales in early February 2026. Over February 6, 9, and 10, he exercised multiple stock option grants with exercise prices between $27.11 and $28.21 per share, receiving corresponding shares of common stock.

On each of those days, he also sold common shares in open-market transactions, including 7,768 shares at $37.9776 on February 6, 3,319 shares at $37.0198 on February 9, and 8,913 shares at $36.9423 on February 10. After each reported sale, the table lists 20,699 shares of common stock as directly owned.

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

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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^*

McPhaill Kevin J

(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)
	President/CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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	02/06/2026		M		249	A	$28.21	20,948	D
Common Stock	02/06/2026		M		630	A	$27.35	21,578	D
Common Stock	02/06/2026		M		631	A	$27.3	22,209	D
Common Stock	02/06/2026		M		3,688	A	$27.11	25,897	D
Common Stock	02/06/2026		M		2,570	A	$28.21	28,467	D
Common Stock	02/06/2026		S		7,768	D	$37.9776	20,699	D
Common Stock	02/09/2026		M		2,181	A	$28.21	22,880	D
Common Stock	02/09/2026		M		1,138	A	$27.35	24,018	D
Common Stock	02/09/2026		S		3,319	D	$37.0198	20,699	D
Common Stock	02/10/2026		M		3,232	A	$27.35	23,931	D
Common Stock	02/10/2026		M		4,369	A	$27.3	28,300	D
Common Stock	02/10/2026		M		1,312	A	$27.11	29,612	D
Common Stock	02/10/2026		S		8,913	D	$36.9423	20,699	D
Common Stock								55,961	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	02/06/2026		M			249	02/16/2017	02/16/2027	Common Stock	249	$0	4,751	D
Stock Options	$27.35	02/06/2026		M			630	02/15/2019	02/15/2028	Common Stock	630	$0	4,370	D
Stock Options	$27.3	02/06/2026		M			631	02/21/2020	02/21/2029	Common Stock	631	$0	4,369	D
Stock Options	$27.11	02/06/2026		M			3,688	02/20/2021	02/20/2030	Common Stock	3,688	$0	0	D
Stock Options	$28.21	02/06/2026		M			2,570	02/16/2017	02/16/2027	Common Stock	2,570	$0	2,181	D
Stock Options	$28.21	02/09/2026		M			2,181	02/16/2017	02/16/2027	Common Stock	2,181	$0	0	D
Stock Options	$27.35	02/09/2026		M			1,138	02/15/2019	02/15/2028	Common Stock	1,138	$0	3,232	D
Stock Options	$27.35	02/10/2026		M			3,232	02/15/2019	02/15/2028	Common Stock	3,232	$0	0	D
Stock Options	$27.3	02/10/2026		M			4,369	02/21/2020	02/21/2029	Common Stock	4,369	$0	0	D
Stock Options	$27.11	02/10/2026		M			1,312	02/20/2021	02/20/2030	Common Stock	1,312	$0	0	D

Explanation of Responses:

	/s/ Kevin J. McPhaill	02/10/2026
	** 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.

FAQ

What insider transactions did Sierra Bancorp (BSRR) report for Kevin J. McPhaill?

Kevin J. McPhaill reported exercising several stock option grants and selling common shares. He converted options with exercise prices around $27–$28 into stock, then completed multiple open-market sales at prices near $37 per share over three days in February 2026.

How many Sierra Bancorp (BSRR) shares did the CEO sell in February 2026?

The CEO reported selling 7,768 shares at $37.9776 on February 6, 3,319 shares at $37.0198 on February 9, and 8,913 shares at $36.9423 on February 10, as disclosed in the filing’s non-derivative transaction table.

What stock option exercises did Sierra Bancorp (BSRR) disclose for its CEO?

The filing shows multiple stock option exercises coded “M.” Options with exercise prices of $28.21, $27.35, $27.30, and $27.11 per share were exercised on February 6, 9, and 10, 2026, resulting in additional common shares before subsequent sales.

What is Kevin J. McPhaill’s role at Sierra Bancorp (BSRR) in this Form 4?

The reporting person, Kevin J. McPhaill, is identified as an officer, specifically President/CEO of Sierra Bancorp. The Form 4 reflects his personal direct transactions in the company’s common stock and related stock options.

How many Sierra Bancorp (BSRR) shares did the CEO hold after the reported sales?

After each reported sale transaction, the non-derivative table lists 20,699 shares of Sierra Bancorp common stock as directly owned by Kevin J. McPhaill, reflecting his recorded holdings immediately following those sales.

What types of securities are covered in this Sierra Bancorp (BSRR) Form 4?

The Form 4 covers two categories: Common Stock in Table I and Stock Options in Table II. It details option exercises converting into common shares and subsequent open-market sales of the resulting common stock by the CEO.