Five Star Bancorp trust gifts 50,000 shares
Five Star Bancorp director and ten percent owner Larry Eugene Allbaugh reported a bona fide gift of 50,000 shares of common stock on 2026-08-04.
Rhea-AI Filing Summary
Five Star Bancorp director and ten percent owner Larry Eugene Allbaugh reported a bona fide gift of 50,000 shares of common stock on 2026-08-04. The gift was made from the QSST Subtrust of the Judy Oates-Holt Irrevocable Trust to her child, and that trust now holds 210,695 shares, with Mr. Allbaugh serving as trustee. He has voting and dispositive power over several reported indirect holdings, including a living trust position that includes unvested equity awards, but he is not the beneficiary of certain trusts and disclaims beneficial ownership where noted.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares gifted
Gift
8 txns
Insider
Allbaugh Larry Eugene
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2, F3 | 50,000 | $0.00 | $0.00 |
| holding | Common Stock F4, F5 | -- | -- | -- |
| holding | Common Stock F3, F6 | -- | -- | -- |
| holding | Common Stock F3, F7 | -- | -- | -- |
| holding | Common Stock F3, F8 | -- | -- | -- |
| holding | Common Stock F3, F9 | -- | -- | -- |
| holding | Common Stock F10 | -- | -- | -- |
| holding | Common Stock F11 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 210,695 shares (Indirect, J Oates-Holt QSST Trustee);
Common Stock — 507,401 shares (Indirect, By self as Trustee);
Common Stock — 1,101,687 shares (Indirect, OAT Trustee);
Common Stock — 410,695 shares (Indirect, K Oates-Fairrington QSST Trustee);
Common Stock — 410,695 shares (Indirect, M Applegate QSST Trustee);
Common Stock — 410,695 shares (Indirect, P Oates QSST Trustee);
Common Stock — 10,000 shares (Indirect, Buzz Oates LLC Non-Member Manager);
Common Stock — 10,000 shares (Indirect, Buzz Oates Group of Companies Shareholder)
Footnotes (11)
- F1. This transaction involved a gift of shares from Judy Oates-Holt, the beneficiary of the QSST Subtrust of the Judy Oates-Holt Irrevocable Trust, dated December 16, 2009, to her child.
- F2. 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.
- F3. 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.
- F4. Includes 974 unvested shares 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.
- F5. Shares are held by the Larry and Laura Allbaugh Living Trust dated November 5, 1997, for which Mr. Allbaugh serves as a trustee.
- F6. Shares are held by the Oates Administrative Trust, for which Mr. Allbaugh serves as a trustee.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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.
Key Figures
Gifted Shares: 50,000 shares of Common Stock
QSST Trust Holdings: 210,695 shares of Common Stock
Living Trust Holdings: 507,401 shares of Common Stock
+5 more
8 metrics
Gifted Shares
50,000 shares of Common Stock
Bona fide gift on 2026-08-04 from QSST Subtrust of the Judy Oates-Holt Irrevocable Trust
QSST Trust Holdings
210,695 shares of Common Stock
Shares held after the 50,000-share gift by the Judy Oates-Holt QSST Subtrust
Living Trust Holdings
507,401 shares of Common Stock
Indirect holdings via the Larry and Laura Allbaugh Living Trust, including 974 unvested shares
Unvested Equity
974 shares of Common Stock
Unvested shares under the 2021 Equity Incentive Plan, scheduled to vest on December 31, 2026
Oates Administrative Trust
1,101,687 shares of Common Stock
Indirect holdings reported with Mr. Allbaugh as trustee of the Oates Administrative Trust
QSST Subtrust Holdings
410,695 shares of Common Stock
Example position in a QSST Subtrust of an Oates-related irrevocable trust with Mr. Allbaugh as trustee
Buzz Oates LLC Position
10,000 shares of Common Stock
Shares held by Buzz Oates LLC, where Mr. Allbaugh is a non-member manager and disclaims beneficial ownership
Buzz Oates Group Position
10,000 shares of Common Stock
Shares held by Buzz Oates Group of Companies; Mr. Allbaugh is CEO and shareholder and disclaims beneficial ownership except for pecuniary interest
Key Terms
bona fide gift, QSST Subtrust, voting and dispositive power, disclaims beneficial ownership, +1 more
5 terms
bona fide gift regulatory
"This transaction involved a gift of shares from Judy Oates-Holt ... to her child."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
QSST Subtrust regulatory
"Shares are held by the QSST Subtrust of the Judy Oates-Holt Irrevocable Trust..."
voting and dispositive power regulatory
"As trustee of this trust, Mr. Allbaugh has voting and dispositive power over these shares..."
disclaims beneficial ownership regulatory
"Accordingly, Mr. Allbaugh disclaims beneficial ownership of these securities..."
indirect beneficial owner regulatory
"may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Five Star Bancorp (FSBC) report for Larry Eugene Allbaugh?
Five Star Bancorp reported a bona fide gift of 50,000 common shares on 2026-08-04. The shares were transferred from a QSST subtrust where Mr. Allbaugh is trustee, leaving 210,695 shares in that trust plus other indirect holdings reported.
What indirect FSBC holdings does Larry Allbaugh report through his living trust?
Through the Larry and Laura Allbaugh Living Trust, Mr. Allbaugh reports 507,401 common shares of Five Star Bancorp. This amount includes 974 unvested shares granted under the 2021 Equity Incentive Plan, scheduled to vest on December 31, 2026, contingent on continued board service.
Are there other significant indirect Five Star Bancorp holdings linked to Larry Allbaugh?
Yes. Indirect positions include 1,101,687 shares held by the Oates Administrative Trust and several QSST subtrusts each reporting 410,695 shares, all with Mr. Allbaugh as trustee, plus 10,000-share positions held by Buzz Oates LLC and Buzz Oates Group of Companies noted with ownership disclaimers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
