Five Star Bancorp (FSBC) CIO receives 905-share restricted stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Wait Brett Levi reported acquisition or exercise transactions in this Form 4 filing.

FIVE STAR BANCORP reported that SVP and Chief Information Officer Brett Levi Wait received a grant of 905 shares of common stock as a compensation award. The restricted stock was granted at no cash cost to him under the Five Star Bancorp 2021 Equity Incentive Plan.

The award vests annually in equal installments over five years, as long as Mr. Wait remains employed by the company on each vesting date. After this grant, he directly holds 18,513 shares of common stock, which include multiple prior restricted stock awards with their own multi-year vesting schedules tied to continued employment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wait Brett Levi

Role SVP, Chief Information Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	905	$0.00	--

Holdings After Transaction: Common Stock — 18,513 shares (Direct, null)

Footnotes (1)

Granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan. The award of restricted stock vests annually in equal installments over five years, provided Mr. Wait, the reporting person, remains employed by Five Star Bancorp on the respective vesting dates. Includes 6,000 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 2,400 shares which have vested and 3,600 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Wait remains employed by Five Star Bancorp on the respective vesting dates) and 907 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 181 shares which have vested and 726 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Wait remains employed by Five Star Bancorp on the respective vesting dates).

Key Figures

Restricted stock granted: 905 shares Grant price per share: $0.0000 per share Shares held after grant: 18,513 shares +3 more

6 metrics

Restricted stock granted 905 shares Common Stock grant on 2026-05-21

Grant price per share $0.0000 per share Restricted stock award consideration

Shares held after grant 18,513 shares Total direct common stock holdings following transaction

New award vesting period 5 years 905-share restricted stock grant vests annually over five years

Prior 6,000-share award status 2,400 vested, 3,600 unvested Restricted shares under 2021 Equity Incentive Plan subject to continued employment

Prior 907-share award status 181 vested, 726 unvested Restricted shares scheduled to vest over remaining five-year period

Key Terms

restricted stock, Five Star Bancorp 2021 Equity Incentive Plan, vests annually, restricted stock grant

4 terms

restricted stock financial

"The award of restricted stock vests annually in equal installments over five years"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Five Star Bancorp 2021 Equity Incentive Plan financial

"Granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan"

vests annually financial

"The award of restricted stock vests annually in equal installments over five years"

restricted stock grant financial

"Includes 6,000 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan"

A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.

Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 04:12 PM

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
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^*

Wait Brett Levi

(Last)

(First)

(Middle)

C/O FIVE STAR BANCORP

3100 ZINFANDEL DRIVE, SUITE 100

(Street)

RANCHO CORDOVA

CALIFORNIA

95670

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIVE STAR BANCORP [ FSBC ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, Chief Information Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/21/2026		A		905⁽¹⁾	A	$0	18,513⁽²⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan. The award of restricted stock vests annually in equal installments over five years, provided Mr. Wait, the reporting person, remains employed by Five Star Bancorp on the respective vesting dates.

2. Includes 6,000 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 2,400 shares which have vested and 3,600 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Wait remains employed by Five Star Bancorp on the respective vesting dates) and 907 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 181 shares which have vested and 726 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Wait remains employed by Five Star Bancorp on the respective vesting dates).

Remarks:

	/s/ Brett L. Wait, by Heather C. Luck, Attorney-in-Fact	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FSBC disclose for Brett Levi Wait?

FIVE STAR BANCORP disclosed that SVP and Chief Information Officer Brett Levi Wait received a grant of 905 shares of common stock. This was a compensation-related award under the company’s 2021 Equity Incentive Plan, not an open-market stock purchase or sale.

How many FSBC shares did Brett Levi Wait hold after this Form 4 transaction?

After the reported grant, Brett Levi Wait directly held 18,513 shares of FIVE STAR BANCORP common stock. This total includes multiple restricted stock awards, some already vested and others scheduled to vest over several years, contingent on his continued employment.

What are the vesting terms of Brett Levi Wait’s new FSBC restricted stock grant?

The new 905-share restricted stock grant vests annually in equal installments over five years. Each installment requires that Brett Levi Wait remain employed by FIVE STAR BANCORP on the applicable vesting date, aligning the award with long-term service at the company.

Under which plan was Brett Levi Wait’s FSBC restricted stock granted?

Brett Levi Wait’s restricted stock was granted under the Five Star Bancorp 2021 Equity Incentive Plan. This plan provides equity-based compensation, including restricted stock awards, that typically vest over time to encourage retention and align employees’ interests with shareholders.

Does the Form 4 show any FSBC stock sales or purchases by Brett Levi Wait?

The Form 4 shows no open-market stock sales or purchases by Brett Levi Wait. It reports only a grant of 905 shares of restricted common stock as compensation, awarded at a stated price of zero dollars per share under the company’s equity incentive plan.