GBank Financial Holdings CEO buys 9,200 shares
Rhea-AI Filing Summary
GBank Financial Holdings Inc. reports that 1990 Sovereign Holdings, LLC, an entity managed by CEO and Executive Chairman Edward Michael Nigro, purchased 9,200 shares of common stock on August 4, 2026 at a weighted average price of $21.5057 per share, with individual trades between $21.29 and $21.70. That LLC now reports holding 628,830 shares, for which Nigro disclaims beneficial ownership except to the extent of his pecuniary interest.
Additional reported positions include 142,142 shares held directly, 259,156 via a revocable grantor trust, 16,700 through 2000 Universal Holdings, LLC, and retirement plan accounts holding 80,000 and 83,500 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,200 shares
Net Buy
6 txns
Insider
NIGRO EDWARD MICHAEL, 1990 Sovereign Holdings LLC, 2000 Universal Holdings LLC
Role
CEO and Executive Chairman | Insider | Insider
Bought
9,200 shs ($198K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1, F2 | 9,200 | $21.5057 | $198K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 628,830 shares (Indirect, By 1990 Sovereign Holdings, LLC);
Common Stock — 142,142 shares (Direct);
Common Stock — 259,156 shares (Indirect, By revocable grantor trust);
Common Stock — 16,700 shares (Indirect, By 2000 Universal Holdings, LLC);
Common Stock — 80,000 shares (Indirect, By GBank 401K PSP & Trust FBO Edward Nigro);
Common Stock — 83,500 shares (Indirect, By GBank ROTH 401K PSP & Trust FBO Edward Nigro)
Footnotes (3)
- F1. The reported price represents a weighted average purchase price. The shares were purchased in multiple transactions at prices ranging from $21.29 to $21.70. The reporting person undertakes to provide full information regarding the number of shares purchased at each separate price upon request.
- F2. Shares are owned by the 1990 Sovereign Holdings, LLC, a Nevada limited liability company of which the Reporting Person is a manager. The Reporting Person disclaims beneficial ownership of the securities owned by this entity except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3. Shares are owned by 2000 Universal Holdings, LLC, a Nevada limited liabiity company of which the Reporting Person is a manager. The Reporting Person disclaims beneficial ownership of the securities owned by this entity except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
Shares purchased: 9,200 shares
Weighted average price: $21.5057 per share
1990 Sovereign Holdings LLC position: 628,830 shares
+5 more
8 metrics
Shares purchased
9,200 shares
Common stock bought on August 4, 2026 by 1990 Sovereign Holdings, LLC
Weighted average price
$21.5057 per share
Price for 9,200-share purchase, with trades from $21.29 to $21.70
1990 Sovereign Holdings LLC position
628,830 shares
Common shares reported held indirectly after the transaction
Direct holdings
142,142 shares
Common stock reported as held directly by Edward Michael Nigro
Revocable grantor trust holdings
259,156 shares
Indirect common stock position via revocable grantor trust
2000 Universal Holdings LLC position
16,700 shares
Indirect common stock held through 2000 Universal Holdings, LLC
401K PSP & Trust holdings
80,000 shares
Indirect common stock via GBank 401K PSP & Trust FBO Edward Nigro
ROTH 401K PSP & Trust holdings
83,500 shares
Indirect common stock via GBank ROTH 401K PSP & Trust FBO Edward Nigro
Key Terms
weighted average purchase price, beneficial ownership, pecuniary interest, revocable grantor trust
4 terms
weighted average purchase price financial
"The reported price represents a weighted average purchase price."
The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities owned"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
revocable grantor trust financial
"nature_of_ownership: By revocable grantor trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GBank Financial Holdings (GBFH) insiders buy on August 4, 2026?
1990 Sovereign Holdings, LLC, managed by CEO Edward Michael Nigro, purchased 9,200 GBank common shares on August 4, 2026. The shares were bought in multiple trades at prices ranging from $21.29 to $21.70, at a weighted average price of $21.5057.
Does the GBFH Form 4 indicate any Rule 10b5-1 trading plan for this purchase?
The Form 4 for GBFH marks the Rule 10b5-1 checkbox as not affirmed, indicating the purchase was not reported as made under a Rule 10b5-1 trading plan. No footnotes describe this transaction as occurring pursuant to any pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
