Insider Alert: Ptacin Brogan Reports Equal Buy/Sell of 11,812 BY Shares
Rhea-AI Filing Summary
Ptacin Brogan, Head of Commercial Banking at Byline Bancorp (BY), reported transactions on 08/28/2025. The filing shows an acquisition of 11,812 common shares at $11.65 and a disposition of 11,812 common shares at $29.10 on the same date, leaving 21,774 shares directly owned. An additional 27,200 shares are held indirectly in a revocable trust where Brogan is trustee.
Positive
- Acquisition disclosed: 11,812 common shares acquired at $11.65 on 08/28/2025
- Indirect ownership disclosed: 27,200 shares held in the Brogan M. Ptacin Rev Trust, providing clarity on total beneficial holdings
Negative
- Disposition disclosed: 11,812 common shares sold at $29.10 on 08/28/2025, reducing direct holdings to 21,774 shares
- No explanatory notes: Filing contains no explanation for the same-day equal buy and sell transactions
Insights
Insider activity shows simultaneous buy and sell; net direct holdings unchanged materially.
The report documents same-day acquisition and sale of equal share amounts (11,812), with differing reported prices ($11.65 acquisition, $29.10 sale). Direct beneficial ownership after these transactions is 21,774 shares and an additional 27,200 shares are held indirectly via a revocable trust. The transactions are routine Section 16 disclosures and do not by themselves indicate a material change to company control or capital structure.
Disclosure is complete for Section 16 purposes; indirect holdings via trust are clearly reported.
The filing properly identifies the reporting person, relationship to issuer, transaction dates, codes, prices and post-transaction ownership, including indirect ownership through the Brogan M. Ptacin Rev Trust dated 3/24/2004. No amendments or additional explanatory notes are provided beyond the signature by an attorney-in-fact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 11,812 | $0.00 | -- |
| Exercise | Common stock | 11,812 | $11.65 | $138K |
| Sale | Common stock | 11,812 | $29.10 | $344K |
| holding | Common stock | -- | -- | -- |