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.
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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 Trade Summary
| 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 | -- | -- | -- |
Footnotes (2)
- 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.
- F2. The Stock Options vest in four equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
Key Terms
stock options financial
exercise price financial
vest in four equal annual installments financial
Section 16 filings regulatory
FAQ
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What CBNK stock options did Deborah Ratnersalzberg hold after the exercise?
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