Cass Information Systems (CASS) director receives 1,704-share stock award

Rhea-AI Filing Summary

Ebel Robert A reported acquisition or exercise transactions in this Form 4 filing.

Cass Information Systems director Robert A. Ebel reported a stock award of company shares. On this Form 4, he received a grant of 1,704 shares of Cass Information Systems common stock at $46.94 per share as a compensation-related award, not an open-market purchase. A footnote explains that the amount includes restricted stock bonus shares that are subject to vesting and potential forfeiture. Following this award, Ebel directly owns a total of 26,973 shares of Cass common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ebel Robert A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,704	$46.94	$80K

Holdings After Transaction: Common Stock — 26,973 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Stock award size: 1,704 shares Award value per share: $46.94 per share Post-transaction holdings: 26,973 shares +1 more

4 metrics

Stock award size 1,704 shares Grant of Cass common stock reported on Form 4

Award value per share $46.94 per share Reported price for the 1,704-share grant

Post-transaction holdings 26,973 shares Direct Cass common stock held after the award

Transaction date 2026-04-23 Date of the reported stock grant

Key Terms

restricted stock bonus shares, vesting, forfeiture, Grant, award, or other acquisition

4 terms

restricted stock bonus shares financial

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

vesting financial

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

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

forfeiture financial

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

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

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^*

Ebel Robert A

(Last) (First) (Middle)

12444 POWERSCOURT DRIVE

SUITE 550

(Street)

ST. LOUIS MISSOURI 63131

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/23/2026		A		1,704	A	$46.94	26,973(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/ Robert A Ebel	04/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Cass Information Systems (CASS) report for Robert A. Ebel?

Cass Information Systems director Robert A. Ebel received a grant of 1,704 shares of common stock. The award was reported on a Form 4 as a compensation-related acquisition rather than an open-market share purchase.

How many Cass (CASS) shares does Robert A. Ebel hold after this Form 4 transaction?

After the reported stock award, Robert A. Ebel directly holds 26,973 shares of Cass Information Systems common stock. This figure reflects his position immediately following the 1,704-share compensation grant disclosed in the Form 4.

What was the reported value per share for Robert A. Ebel’s Cass (CASS) stock award?

The reported value for Robert A. Ebel’s stock award was $46.94 per share. This price is used in the Form 4 to quantify the 1,704-share grant of Cass Information Systems common stock he received as compensation.

Are Robert A. Ebel’s new Cass (CASS) shares fully vested?

The Form 4 notes that the transaction includes restricted stock bonus shares subject to vesting and forfeiture. This means some or all of the awarded Cass Information Systems shares may vest over time and can be forfeited if conditions are not met.

Was Robert A. Ebel’s Cass (CASS) transaction a market purchase or a grant?

The transaction was a grant or award, not a market purchase. The Form 4 classifies it under transaction code “A” for a grant, award, or other acquisition and labels the direction as an acquisition of common stock shares.