Five Star Bancorp (FSBC) SVP & CIO sells 2,583 common shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Five Star Bancorp senior vice president and chief information officer Brett Levi Wait reported an open-market sale of 2,583 shares of common stock. The shares were sold at an average price of $41.1067 per share, and he now directly holds 17,608 shares.
His holdings include awards under the Five Star Bancorp 2021 Equity Incentive Plan, such as 6,000 granted shares and 907 additional granted shares, with portions already vested and the remaining shares scheduled to vest over a five-year period while he remains employed.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,583 shares ($106,179)
Net Sell
1 txn
Insider
Wait Brett Levi
Role
SVP & CIO
Sold
2,583 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,583 | $41.1067 | $106K |
Holdings After Transaction:
Common Stock — 17,608 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 2,583 shares
Sale price per share: $41.1067 per share
Shares held after sale: 17,608 shares
+5 more
8 metrics
Shares sold
2,583 shares
Open-market sale of common stock
Sale price per share
$41.1067 per share
Average price for the reported sale
Shares held after sale
17,608 shares
Direct ownership following transaction
Equity grant 1
6,000 shares
Granted under 2021 Equity Incentive Plan
Vested portion of grant 1
2,400 shares
Already vested from 6,000-share grant
Unvested portion of grant 1
3,600 shares
Scheduled to vest over five-year period
Equity grant 2
907 shares
Additional grant under 2021 plan
Unvested portion of grant 2
726 shares
Scheduled to vest over five-year period
Key Terms
Common Stock, open-market sale, 2021 Equity Incentive Plan, vested, +1 more
5 terms
Common Stock financial
"security_title: "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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
2021 Equity Incentive Plan financial
"granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan"
vested financial
"including 2,400 shares which have vested and 3,600 which are scheduled to vest"
five-year period financial
"scheduled to vest in equal installments over the remainder of a five-year period"
FAQ
What insider transaction did Five Star Bancorp (FSBC) report for Brett Levi Wait?
Five Star Bancorp reported that SVP & CIO Brett Levi Wait sold 2,583 shares of common stock in an open-market transaction. The sale occurred at an average price of $41.1067 per share, as shown in the Form 4 insider trading disclosure.
What equity awards does Brett Levi Wait have under the Five Star Bancorp 2021 Equity Incentive Plan?
Brett Levi Wait has 6,000 granted shares and 907 additional granted shares under the Five Star Bancorp 2021 Equity Incentive Plan. Portions of these awards have already vested, with remaining shares scheduled to vest in equal installments over a five-year period.
How are Brett Levi Wait’s FSBC equity awards scheduled to vest?
His Five Star Bancorp equity awards vest over a five-year period, in equal installments. Vesting depends on his continued employment with Five Star Bancorp on each vesting date, as described in the footnote to the Form 4 filing.