Director at Community West (CWBC) exercises 2,370 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Community West Bancshares director Kirk Stovesand exercised stock options for 2,370 shares of CWBC common stock. The options were exercised at an exercise price of $14.85 per share, converting derivative securities into common shares.
After the transaction, Stovesand directly holds 82,332 shares of Community West Bancshares common stock. The filing shows an option exercise and share acquisition, with no reported open-market sales or tax-withholding dispositions in this event.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,370 shares exercised/converted
Mixed
2 txns
Insider
STOVESAND KIRK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | CWBC - Stock Option | 2,370 | $0.00 | -- |
| Exercise | CWBC - Common Stock | 2,370 | $14.85 | $35K |
Holdings After Transaction:
CWBC - Stock Option — 0 shares (Direct);
CWBC - Common Stock — 82,332 shares (Direct)
Footnotes (1)
Key Figures
Options exercised: 2,370 shares
Exercise price: $14.85 per share
Shares owned after transaction: 82,332 shares
+2 more
5 metrics
Options exercised
2,370 shares
Stock options converted into CWBC common stock
Exercise price
$14.85 per share
Stock option exercise price for CWBC
Shares owned after transaction
82,332 shares
Direct CWBC common stock holdings after exercise
Option expiration date
October 25, 2028
Original expiration date of exercised CWBC options
Exercise date of options
April 1, 2024
Exercise date shown for CWBC stock options
Key Terms
stock option, derivative security, Common Stock, exercise price
4 terms
stock option financial
"security_title: "CWBC - Stock Option""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Common Stock financial
"underlying_security_title: "CWBC - Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
exercise price financial
"conversion_or_exercise_price: "14.8500""
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.
FAQ
What was the exercise price for Kirk Stovesand’s CWBC stock options?
The exercised Community West Bancshares stock options carried an exercise price of $14.85 per share. This price is the cost at which the derivative securities converted into CWBC common stock, resulting in 2,370 newly acquired common shares for the reporting director.