[Form 4] Cass Information Systems Inc Insider Trading Activity

Rhea-AI Filing Summary

Form 4 snapshot: Cass Information Systems (CASS) Chief Financial Officer Michael J. Normile purchased 200 shares of common stock on 08/01/2025 at $39.61 per share (Transaction Code P).

Following the trade, Normile’s direct holdings rose to 15,910 shares, which the footnote states includes restricted stock subject to vesting and potential forfeiture. No derivative securities were involved, and there were no dispositions. The gross outlay was about $7,922, an immaterial amount versus the company’s market value, yet it slightly increases management’s equity stake and may be read as a signal of personal confidence. The filing contains no operational or earnings data.

Positive

• CFO increased direct ownership, a potential sign of insider confidence.

Negative

• Purchase size is very small, providing limited informational value for investors.

Insights

Equity Analyst

TL;DR: Minor insider buy; positive sentiment but financially immaterial.

The CFO’s open-market purchase is usually interpreted as a modestly constructive signal because insiders tend to buy when they view shares as undervalued. However, the 200-share size—under $8k—does not meaningfully alter ownership or imply material information. With no other insiders participating and no accompanying corporate news, the trade’s predictive power is limited. I view the event as sentiment-positive yet fundamentally neutral for valuation.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Normile Michael James

(Last) (First) (Middle)

12444 POWERSCOURT DRIVE

SUITE 550

(Street)

ST. LOUIS MO 63131

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CASS INFORMATION SYSTEMS INC [ CASS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		P		200	A	$39.61	15,910(1)	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

Explanation of Responses:

1. Includes restricted stock bonus shares, subject to vesting and forfeiture.

Remarks:

	/s/ Michael J. Normile	08/04/2025
	** 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 did CASS file on this Form 4?

The company reported a CFO open-market purchase of 200 common shares on 08/01/2025.

At what price were the CASS shares bought?

The transaction price was $39.61 per share.

How many CASS shares does the CFO now own?

After the trade, Michael J. Normile holds 15,910 shares directly, including restricted stock.

Were any derivative securities involved?

No, the filing lists no derivative transactions for this period.

Is the purchase considered material to CASS investors?

Given the ~$8k value, the trade is financially immaterial but could be viewed as a minor positive sentiment signal.