Capital Bancorp (CBNK) Insider Sales: Levitt Disposes 40,000 Shares; Options Listed

Rhea-AI Filing Summary

Randall James Levitt reported insider transactions in Capital Bancorp, Inc. (CBNK). On 08/26/2025 he sold 2,662 shares at $34.41 and on 08/27/2025 he sold 37,338 shares at $34.37. The Form 4 lists multiple indirect holdings: 97,338 shares held by Montrose Lending Group, LLC; 266,665 by the Randall James Levitt Revocable Trust; 30,700 by RJL Investment Company, LLC; 154,056 by Maud Associates, LLC; and 452,000 by BTC Trust Company of South Dakota. Reported derivative holdings include stock options totaling 11,681 underlying shares and 811 restricted stock units vesting 03/03/2026. The form is signed by an attorney-in-fact on 08/28/2025.

Positive

• Detailed indirect ownership disclosed across multiple entities providing transparency
• Derivatives and RSU vesting schedules are clearly listed including exercisable option counts and vesting date for RSUs
• Transactions reported with prices and dates, enabling precise auditability

Negative

• Insider sales totaling 40,000 shares were executed on 08/26/2025 and 08/27/2025
• Net reduction in direct holdings shown by the disposals (codes S) on the Form 4

Insights

Financial Analyst

TL;DR: Insider sold 40,000 shares across two days; significant indirect holdings remain, and multiple option grants are outstanding.

The reported sales on 08/26 and 08/27/2025 total 40,000 common shares sold at roughly $34.4 per share. Despite these disposals, substantial indirect beneficial ownership positions are disclosed across trusts and entities totaling over one million shares when aggregated by line items shown. The filing also lists exercisable stock options (11,681 underlying shares) and 811 RSUs that vest in March 2026. For analysts, the key facts are transaction size, sale prices, and the continuing sizable indirect holdings.

Corporate Governance Expert

TL;DR: The Form 4 documents routine insider sales with clear indirect ownership disclosures and scheduled equity vesting.

The filing indicates the reporting person is a director and discloses multiple indirect ownership vehicles, which is consistent with standard governance and disclosure practices. Sales are reported with dates, prices, and quantities, and derivative awards show vesting schedules. The signature by an attorney-in-fact is properly provided. The disclosure appears complete with respect to the transactions and holdings reported on the form.

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
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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^*

Levitt Randall James

(Last) (First) (Middle)

2275 RESEARCH BLVD.

SUITE 600

(Street)

ROCKVILLE MD 20850

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Capital Bancorp Inc [ CBNK ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		S		2,662	D	$34.41	97,338	I	By Montrose Lending Group, LLC
Common Stock	08/27/2025		S		37,338	D	$34.37	60,000	I	By Montrose Lending Group, LLC
Common Stock								266,665	I	By Randall James Levitt Revocable Trust
Common Stock								30,700	I	By RJL Investment Company, LLC
Common Stock								154,056	I	By Maud Associates, LLC
Common Stock								452,000	I	By BTC Trust Company of South Dakota

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
Stock Options	$13.89							12/31/2021(1)	12/31/2025	Common Stock	843		843	D
Stock Options	$26.41							12/31/2022(1)	12/31/2026	Common Stock	2,250		2,250	D
Stock Options	$23.54							01/01/2024(1)	01/01/2028	Common Stock	2,788		2,788	D
Stock Options	$24.2							01/01/2025(1)	01/01/2029	Common Stock	2,800		2,800	D
Stock Options	$30.51							03/03/2026(1)	03/03/2030	Common Stock	3,000		3,000	D
Restricted Stock Units	(2)							(3)	(3)	Common Stock	811		811	D

Explanation of Responses:

1. The Stock Options vest in four equal annual installments beginning on the first anniversary of the date of grant.

2. Each Restricted Stock Unit represents the right to receive one share of common stock.

3. The Restricted Stock Unit will vest on 3/3/2026.

Remarks:

	/s/ Randall J. Levitt, by Connie Egan as Attorney in Fact	08/28/2025
	** 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 insider transactions did Randall J. Levitt report for CBNK?

He reported sales of 2,662 shares on 08/26/2025 at $34.41 and 37,338 shares on 08/27/2025 at $34.37.

How many shares does Randall J. Levitt indirectly beneficially own in CBNK?

The Form 4 lists indirect holdings including 97,338 (Montrose Lending Group, LLC), 266,665 (Revocable Trust), 30,700 (RJL Investment Co.), 154,056 (Maud Associates, LLC), and 452,000 (BTC Trust Co. of SD).

Are there any outstanding options or RSUs reported by the insider?

Yes. Reported options represent 11,681 underlying common shares across multiple grants and 811 RSUs that vest on 03/03/2026.

Who signed the Form 4 and when was it filed?

The form is signed /s/ Randall J. Levitt, by Connie Egan as Attorney in Fact with the signature dated 08/28/2025.

What prices were the shares sold at?

Sales were executed at $34.41 per share on 08/26/2025 and $34.37 per share on 08/27/2025.