GBank CFO exercises options, sells 32K shares
GBank Financial Holdings Inc. executive vice president and CFO Jeffery Ernest Whicker reported a series of option exercises and share sales.
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
| 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 |
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.
FAQ
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What insider transactions did GBFH executive Jeffery Whicker report?
What type of securities did the GBFH CFO exercise in this Form 4?
What does the vesting schedule look like for the CFO’s GBFH options?
AI-generated analysis. How Rhea-AI works. Not financial advice.