Bank7 Corp. (BSVN) executive reports 500-share bona fide gift
Rhea-AI Filing Summary
Bank7 Corp. director and Sr. EVP/COO John T. Phillips reported a bona fide gift transfer of 500 shares of common stock on February 19, 2026, from the John T. Phillips Revocable Trust, for which he serves as sole trustee with voting and dispositive power. After the gift, the Trust holds 228,500 shares indirectly, and Phillips reports 11,606 direct shares, including restricted stock units vesting in equal installments between 2025 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 500 shares
Net Sell
2 txns
Insider
Phillips John T
Role
Sr. EVP; COO; and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common stock, par value $0.01 per share F1 | 500 | $0.00 | $0.00 |
| holding | Common stock, par value $0.01 per share F2, F3, F4 | -- | -- | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 228,500 shares (Indirect, By Trust);
Common stock, par value $0.01 per share — 11,606 shares (Direct)
Footnotes (4)
- F1. Mr. Phillips is the sole trustee of the John T. Phillips Revocable Trust (the "Trust") and has voting and dispositive power over the shares held by the Trust.
- F2. includes 1,612 restricted stock units that vest in three equal installments on July 29, 2026, 2027, and 2028.
- F3. Includes 2,922 restricted stock units. The original grant of 4,383 restricted stock units vests in three equal installments on February 15, 2026, 2027, and 2028.
- F4. Includes 1,812 restricted stock units. The original grant of 5,435 restricted stock units vests in three equal installments on February 15, 2025, 2026, and 2027.
Key Figures
Gifted shares: 500 shares
Indirect holdings after gift: 228,500 shares
Direct holdings reported: 11,606 shares
+3 more
6 metrics
Gifted shares
500 shares
Bona fide gift of common stock on February 19, 2026
Indirect holdings after gift
228,500 shares
Shares held by John T. Phillips Revocable Trust following the gift
Direct holdings reported
11,606 shares
Direct common stock position reported as of February 19, 2026
RSUs vesting July 29, 2026–2028
1,612 RSUs
Restricted stock units vesting in three equal installments on July 29, 2026, 2027, and 2028
RSUs vesting Feb. 15, 2026–2028
2,922 RSUs
Portion of original 4,383 RSUs vesting in equal installments Feb. 15, 2026, 2027, and 2028
RSUs vesting Feb. 15, 2025–2027
1,812 RSUs
Portion of original 5,435 RSUs vesting in equal installments Feb. 15, 2025, 2026, and 2027
Key Terms
bona fide gift, restricted stock units, revocable trust, voting and dispositive power
4 terms
bona fide gift financial
"Transaction code description "Bona fide gift" for the transfer"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock units financial
"Includes 2,922 restricted stock units. The original grant of 4,383 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
revocable trust financial
"John T. Phillips Revocable Trust (the "Trust")"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
voting and dispositive power financial
"and has voting and dispositive power over the shares held by the Trust"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bank7 Corp. (BSVN) report for John T. Phillips?
John T. Phillips reported a bona fide gift of 500 Bank7 Corp. common shares on February 19, 2026, transferred from the John T. Phillips Revocable Trust, which he solely trustees with voting and dispositive power over the shares held by the Trust.
What are John T. Phillips' direct Bank7 Corp. (BSVN) holdings after the reported transactions?
After the reported activity, John T. Phillips reported 11,606 Bank7 Corp. shares held directly. This direct position includes multiple blocks of restricted stock units (RSUs) that are scheduled to vest in equal installments between 2025 and 2028.
What restricted stock units in Bank7 Corp. (BSVN) are scheduled to vest for John T. Phillips?
Phillips’ direct holdings include 1,612 RSUs vesting in three equal installments on July 29, 2026, 2027, and 2028; 2,922 RSUs vesting on February 15, 2026–2028; and 1,812 RSUs vesting on February 15, 2025–2027, all in equal installments.
Was the Bank7 Corp. (BSVN) gift transaction reported under a Rule 10b5-1 trading plan?
The disclosure indicates the Rule 10b5-1 checkbox was not selected for these transactions. This means the reported bona fide gift of 500 Bank7 Corp. shares was not affirmatively identified as executed pursuant to a Rule 10b5-1 trading plan.