Cathay General Bancorp (CATY) vice chair Tang sells 25,000 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cathay General Bancorp vice chairman Anthony M. Tang reported open-market sales of 25,000 shares of common stock. The sales occurred on June 4, June 5, and June 8, 2026 at weighted-average prices of about $58.16, $58.37, and $58.90 per share, respectively.
After these transactions, Tang directly holds 152,876 common shares. The filing also shows indirect ownership of 371,399 shares held by his spouse, 300,000 shares held through YFO Investments where his spouse is a beneficiary, and 114,410 shares held by an ESOP, providing additional indirect exposure to Cathay General Bancorp stock.
Positive
- None.
Negative
- None.
Insights
Vice chair executes modest open-market sales while maintaining large overall stake.
Anthony M. Tang, vice chairman of Cathay General Bancorp, sold 25,000 common shares in open-market transactions at weighted-average prices between about $58.16 and $58.90 per share. These are straightforward open-market sales with no derivative exercises or gifts reported.
Following the sales, Tang still directly owns 152,876 shares and has sizable indirect holdings through his spouse, YFO Investments, and an ESOP. The transactions reduce his position but leave a substantial combined stake, suggesting routine portfolio management rather than a transformational change in ownership.
No Rule 10b5-1 trading plan is referenced in the excerpt, and there are no complex derivatives outstanding in the filing, which keeps the signal focused on these cash sales and the remaining equity exposure.
Insider Trade Summary
Net Seller: 25,000 shares ($1,462,480)
Net Sell
6 txns
Insider
TANG ANTHONY M
Role
Vice Chairman
Sold
25,000 shs ($1.46M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $58.9002 | $589K |
| Sale | Common Stock | 5,000 | $58.3689 | $292K |
| Sale | Common Stock | 10,000 | $58.1633 | $582K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 152,876 shares (Direct, null);
Common Stock — 114,410 shares (Indirect, By ESOP)
Footnotes (1)
- Includes 1,582.906 shares acquired through dividend reinvestment year-to-date The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $58.01 to $58.34, inclusive. The reporting person undertakes to provide to Cathay General Bancorp ("Cathay"), any security holder of Cathay, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $58.36 to $58.43, inclusive. The reporting person undertakes to provide to Cathay General Bancorp ("Cathay"), any security holder of Cathay, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $58.78 to $59.06, inclusive. The reporting person undertakes to provide to Cathay General Bancorp ("Cathay"), any security holder of Cathay, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Total shares sold: 25,000 shares
Sale price June 8: $58.9002 per share
Sale price June 5: $58.3689 per share
+5 more
8 metrics
Total shares sold
25,000 shares
Open-market sales on June 4–8, 2026
Sale price June 8
$58.9002 per share
Weighted-average price for 10,000-share sale
Sale price June 5
$58.3689 per share
Weighted-average price for 5,000-share sale
Sale price June 4
$58.1633 per share
Weighted-average price for 10,000-share sale
Direct holdings after sales
152,876 shares
Common stock directly owned after June 8, 2026
Indirect holdings by spouse
371,399 shares
Common stock held by spouse
Indirect holdings via YFO Investments
300,000 shares
Spouse is a beneficiary
Indirect holdings by ESOP
114,410 shares
Common stock held by ESOP
Key Terms
open-market sale, weighted-average price, dividend reinvestment, ESOP, +2 more
6 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted-average price financial
"The price reported in Column 4 is a weighted-average price."
dividend reinvestment financial
"Includes 1,582.906 shares acquired through dividend reinvestment year-to-date"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
ESOP financial
"total_shares_following_transaction": "114410.0000", "direct_or_indirect": "I", "nature_of_ownership": "By ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
indirect ownership financial
""direct_or_indirect": "I", "ownership_type": "indirect""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
At what prices did Anthony M. Tang sell CATY stock in these transactions?
Tang’s reported weighted-average sale prices were $58.1633, $58.3689, and $58.9002 per share. Footnotes state each figure reflects multiple trades within narrow ranges between about $58.01 and $59.06 per share.
What indirect Cathay General Bancorp holdings are reported for Anthony M. Tang?
The filing lists indirect holdings of 371,399 shares by his spouse, 300,000 shares via YFO Investments where his spouse is a beneficiary, and 114,410 shares held by an ESOP, each reported as separate indirect ownership positions.
Were Tang’s Cathay General Bancorp trades part of a derivative exercise or tax transaction?
No derivative exercises or tax-withholding dispositions are shown in this Form 4 excerpt. All reported trades with share amounts are coded as “S” open-market sales of common stock, with no M, F, or other derivative-related codes disclosed.