FSBC director and 10% owner Larry Allbaugh reports 974-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Five Star Bancorp director Larry E. Allbaugh, a more than 10% owner, reported an award of 974 shares of common stock on January 29, 2026. The shares were granted at $0 per share under the Five Star Bancorp 2021 Equity Incentive Plan and are scheduled to vest on December 31, 2026, if he continues serving as a director through that date.
The 974 shares are held indirectly by the Larry and Laura Allbaugh Living Trust, where he acts as trustee. The filing also lists large additional indirect holdings in several Oates-related trusts and Buzz Oates entities, where he serves as trustee, manager, or shareholder and, in several cases, disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Allbaugh Larry Eugene
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 974 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 501,719 shares (Indirect, By self as Trustee)
Footnotes (1)
- Granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan with all shares scheduled to vest on December 31, 2026, provided the reporting person, Mr. Allbaugh, remains as a director with Five Star Bancorp on that date. Shares are held by the Larry and Laura Allbaugh Living Trust dated November 5, 1997, for which Mr. Allbaugh serves as a trustee. As trustee of this trust, Mr. Allbaugh has voting and dispositive power over these shares and may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16. However, Mr. Allbaugh is not the beneficiary of this trust. Accordingly, Mr. Allbaugh disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Allbaugh is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Shares are held by the Oates Administrative Trust, for which Mr. Allbaugh serves as a trustee. Shares are held by the QSST Subtrust of the Judy Oates-Holt Irrevocable Trust, dated December 16, 2009, for which Mr. Allbaugh serves as trustee. Shares are held by the QSST Subtrust of the Kathryn Oates-Fairrington Irrevocable Trust, dated December 16, 2009, for which Mr. Allbaugh serves as trustee. Shares are held by the QSST Subtrust of the Marvilyn E. Applegate Irrevocable Trust, dated December 16, 2009, for which Mr. Allbaugh serves as trustee. Shares are held by the QSST Subtrust of the Philip D. Oates Irrevocable Trust, dated December 16, 2009, for which Mr. Allbaugh serves as trustee. Shares are held by Buzz Oates LLC, of which Mr. Allbaugh is a non-member manager. Mr. Allbaugh disclaims beneficial ownership of the shares held by Buzz Oates LLC. Shares are held by Buzz Oates Group of Companies, of which Mr. Allbaugh is a shareholder and the Chief Executive Officer. Mr. Allbaugh has significant influence over Buzz Oates Group of Companies and may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16. Mr. Allbaugh disclaims beneficial ownership of the shares held by Buzz Oates Group of Companies, except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did FSBC director Larry Allbaugh report?
Larry E. Allbaugh reported an award of 974 shares of Five Star Bancorp common stock. The shares were granted at $0 per share as equity compensation under the company’s 2021 Equity Incentive Plan, rather than being purchased on the open market.
What other indirect FSBC holdings are associated with Larry Allbaugh?
The filing lists additional indirect Five Star Bancorp holdings through several Oates-related trusts and Buzz Oates entities. Mr. Allbaugh serves as trustee, manager, or shareholder for these entities and, in multiple cases, disclaims beneficial ownership except for any pecuniary interest.
Is Larry Allbaugh considered a 10% owner of Five Star Bancorp (FSBC)?
Yes. The Form 4 identifies Larry E. Allbaugh as both a director and a more than 10% owner of Five Star Bancorp. His reported ownership is primarily indirect, through various trusts and corporate entities detailed in the filing’s footnotes.