GBank Financial (GBFH) CFO exercises options and sells 32,000 shares
Rhea-AI Filing Summary
GBank Financial Holdings Inc. executive vice president and CFO Jeffery Ernest Whicker reported a series of option exercises and share sales. Over March 2–4, he exercised previously granted incentive stock options at an exercise price of $10.8000 per share to receive common stock.
On March 2 and 3, he then sold a total of 32,000 shares of common stock in open-market transactions at prices of $30.0668 and $29.9804 per share. Following these transactions, he directly holds 41,450 shares of common stock and 40,000 incentive stock options, with remaining option tranches scheduled to vest on August 1, 2026 and 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Whicker Jeffery Ernest
Role
EVP/CFO (GBank)
Sold
32,000 shs ($962K)
Approx. gross sale proceeds
$962K
Approx. exercise cost
$648K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Incentive Stock Option | 28,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 28,000 | $10.80 | $302K |
| Exercise | Incentive Stock Option | 7,125 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,125 | $10.80 | $77K |
| Sale | Common Stock | 7,125 | $29.9804 | $214K |
| Exercise | Incentive Stock Option | 24,875 | $0.00 | $0.00 |
| Exercise | Common Stock | 24,875 | $10.80 | $269K |
| Sale | Common Stock | 24,875 | $30.0668 | $748K |
Holdings After Transaction:
Incentive Stock Option — 40,000 shares (Direct);
Common Stock — 41,450 shares (Direct)
Footnotes (1)
- F1. The option was granted on August 1, 2022 and vests in five (5) equal annual installments. The first three installment vested on August 1, 2023, 2024, and 2025 and next two installments will vest on August 1, 2026 and 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did GBFH executive Jeffery Whicker report?
Jeffery Whicker reported exercising incentive stock options and selling shares. He exercised options at an exercise price of $10.8000 per share and sold 32,000 common shares in open-market trades, reflecting a mix of option conversion and share disposition activity over March 2–4, 2026.
What type of securities did the GBFH CFO exercise in this Form 4?
He exercised Incentive Stock Options that were granted previously and vest in annual installments. These option exercises, at an exercise price of $10.8000 per share, converted into common stock before some of the resulting shares were sold in open-market transactions.
What does the vesting schedule look like for the CFO’s GBFH options?
The incentive stock option grant was made on August 1, 2022 and vests in five equal annual installments. The first three vested on August 1, 2023, 2024, and 2025, and the remaining two installments are scheduled to vest on August 1, 2026 and 2027.