STOCK TITAN

Capital Bancorp director exercises 3,000 stock options

The exercised options vested in four equal annual installments beginning on the first anniversary of the grant date.

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
4

Rhea-AI Filing Summary

Capital Bancorp Inc (CBNK) Director Deborah Ratnersalzberg exercised stock options covering 3,000 common shares on November 5, 2019, at an exercise price of $6.63 per share. Her direct common-stock holdings after the exercise were 26,044 shares; she also reported 14,632 common shares held indirectly by Deborah Ratner Salzberg Trust. The exercise had been inadvertently omitted from her Section 16 filings when originally due. Other direct option positions covered 7,200 shares at $7.50, expiring December 31, 2020; 7,500 at $8.50, expiring December 31, 2021; 7,600 at $12.38, expiring December 31, 2022; and 8,400 at $11.38, expiring December 31, 2023.

Insider RATNERSALZBERG DEBORAH
Role Director
Type Security Shares Price Value
Exercise Stock Options F1, F2 3,000 $0.00 $0.00
Exercise Common Stock F1 3,000 $6.63 $20K
holding Stock Options F2 -- -- --
holding Stock Options F2 -- -- --
holding Stock Options F2 -- -- --
holding Stock Options F2 -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Stock Options — 30,700 contracts (Direct); Common Stock — 26,044 shares (Direct); Common Stock — 14,632 shares (Indirect, By Deborah Ratner Salzberg Trust)
Footnotes (2)
  1. F1. This Form 4 is being filed to report the exercise of stock options on November 5, 2019, which was inadvertently omitted from the Reporting Person's Section 16 filings when originally due.
  2. F2. The Stock Options vest in four equal annual installments beginning on the first anniversary of the date of grant.
Stock options exercised 3,000 options November 5, 2019
Exercise price $6.63 per share Options exercised November 5, 2019
Common shares acquired 3,000 shares Through the option exercise on November 5, 2019
Direct common shares after exercise 26,044 shares After the November 5, 2019 transaction
Common shares held by Deborah Ratner Salzberg Trust 14,632 shares Indirect holding reported November 5, 2019
Other direct stock-option positions 7,200 shares at $7.50, expiring December 31, 2020; 7,500 shares at $8.50, expiring December 31, 2021; 7,600 shares at $12.38, expiring December 31, 2022; 8,400 shares at $11.38, expiring December 31, 2023 Option holdings reported November 5, 2019
stock options financial
"exercise of stock options on November 5, 2019"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"at an exercise price of $6.63 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vest in four equal annual installments financial
"Stock Options vest in four equal annual installments"
Section 16 filings regulatory
"omitted from the Reporting Person's Section 16 filings"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CBNK shares did director Deborah Ratnersalzberg acquire?

Deborah Ratnersalzberg exercised options for 3,000 CBNK common shares on November 5, 2019, at an exercise price of $6.63 per share. Her direct common-stock holdings after the exercise were 26,044 shares. The exercise had been inadvertently omitted from her Section 16 filings when originally due.

What CBNK stock options did Deborah Ratnersalzberg hold after the exercise?

The reported direct options covered 7,200 shares at $7.50, expiring December 31, 2020; 7,500 shares at $8.50, expiring December 31, 2021; 7,600 shares at $12.38, expiring December 31, 2022; and 8,400 shares at $11.38, expiring December 31, 2023. The options vest in four equal annual installments beginning on the first anniversary of the grant date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
RATNERSALZBERG DEBORAH

(Last)(First)(Middle)
2275 RESEARCH BLVD.
SUITE 600

(Street)
ROCKVILLE MARYLAND 20850

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Capital Bancorp Inc [ CBNK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/05/2019
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock11/05/2019(1)M3,000A$6.6326,044D
Common Stock14,632IBy Deborah Ratner Salzberg Trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options$6.6311/05/2019(1)M3,00012/31/2015(2)12/31/2019Common Stock3,000$00D
Stock Options$7.512/31/2016(2)12/31/2020Common Stock7,2007,200D
Stock Options$8.512/31/2017(2)12/31/2021Common Stock7,5007,500D
Stock Options$12.3812/31/2018(2)12/31/2022Common Stock7,6007,600D
Stock Options$11.3812/31/2019(2)12/31/2023Common Stock8,4008,400D
Explanation of Responses:
1. This Form 4 is being filed to report the exercise of stock options on November 5, 2019, which was inadvertently omitted from the Reporting Person's Section 16 filings when originally due.
2. The Stock Options vest in four equal annual installments beginning on the first anniversary of the date of grant.
Remarks:
/s/ Deborah Ratner Salzberg, by Connie Egan as Attorney in Fact10/16/2026
** Signature of Reporting PersonDate
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)

Keep reading