Byline Bancorp (BY) director moves 18,500 shares to family trust for estate planning
Rhea-AI Filing Summary
Byline Bancorp, Inc. director reported an internal transfer of company stock for estate planning. On 12/10/2025, 18,500 shares of common stock were moved from the director’s direct ownership to The Herseth Family Revocable Trust Dated 12/02/25. The Form 4 lists the transaction as a disposition of 18,500 directly held shares and an acquisition of the same 18,500 shares by the trust, with no derivative securities involved. This kind of filing documents a change in the form of beneficial ownership, rather than a market purchase or sale.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Byline Bancorp (BY) report on this Form 4?
The filing reports that a director transferred 18,500 shares of common stock from direct ownership to The Herseth Family Revocable Trust Dated 12/02/25 on 12/10/2025.
Was the Byline Bancorp (BY) Form 4 transaction a market sale or purchase?
No. The Form 4 describes an internal transfer for estate planning purposes, showing a disposition of 18,500 directly held shares and an acquisition of the same amount by a family trust.
Who is the reporting person in this Byline Bancorp (BY) Form 4 and what is their role?
The reporting person is identified as a Director of Byline Bancorp, Inc., indicating a board-level insider relationship with the issuer.
How many Byline Bancorp (BY) shares did the trust receive in the reported transaction?
The trust, named The Herseth Family Revocable Trust Dated 12/02/25, is shown as acquiring 18,500 shares of common stock on 12/10/2025.
Does this Byline Bancorp (BY) Form 4 report any derivative securities?
No. The Form 4 includes a table for derivative securities but shows no derivative transactions reported.
What reason is given for the transfer of Byline Bancorp (BY) shares?
The explanation states that the 18,500-share transfer to the family trust was made for estate planning purposes.