Byline Bancorp (BY) director buys 300 shares in trust stake
Rhea-AI Filing Summary
BYLINE BANCORP, INC. (BY) director Mary Jo S. Herseth reported an open-market purchase of 300 shares of common stock on 2026-08-19 at $38.395 per share. The shares are held indirectly through The Herseth Family Revocable Trust Dated 12/02/25, bringing the trust’s reported holdings to 19,100 shares. The Rule 10b5-1 trading-plan checkbox was not selected.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 300 shares
Net Buy
1 txn
Insider
HERSETH MARY JO S.
Role
Director
Bought
300 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common stock | 300 | $38.395 | $12K |
Holdings After Transaction:
Common stock — 19,100 shares (Indirect, The Herseth Family Revocable Trust Dated 12/02/25)
Key Figures
Shares purchased: 300 shares
Purchase price per share: $38.395 per share
Shares owned after transaction: 19,100 shares
+1 more
4 metrics
Shares purchased
300 shares
Common stock acquired on 2026-08-19 in an open-market or private transaction
Purchase price per share
$38.395 per share
Price for the 300 BY common shares purchased on 2026-08-19
Shares owned after transaction
19,100 shares
Indirect holdings of The Herseth Family Revocable Trust after the reported purchase
Net buy shares
300 shares
Net change across all reported transactions in this Form 4
Key Terms
indirect, Purchase in open market or private transaction, Rule 10b5-1
3 terms
indirect financial
"ownership_type": "indirect"
Purchase in open market or private transaction financial
"transaction_code_description": "Purchase in open market or private transaction"
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did BY (BYLINE BANCORP, INC.) disclose for Mary Jo S. Herseth?
Mary Jo S. Herseth reported buying 300 shares of BYLINE BANCORP, INC. common stock. The purchase occurred on 2026-08-19 and was classified as a purchase in open market or private transaction at a reported price of $38.395 per share.
Was the recent BY insider purchase by Mary Jo S. Herseth under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox was not selected. This means the reported 300-share purchase at $38.395 per share on 2026-08-19 was not affirmed as being executed under a pre-arranged Rule 10b5-1 trading plan.
Is Mary Jo S. Herseth’s ownership in BY direct or indirect after this transaction?
The reported ownership of 19,100 shares is classified as indirect. The Form 4 states the shares are held by The Herseth Family Revocable Trust Dated 12/02/25, rather than in Mary Jo S. Herseth’s name directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.