Great Southern VP exercises options, sells 2,800 shares
Great Southern Bancorp, Inc. subsidiary vice president Kevin L. Baker reported an option exercise paired with a sale of common stock.
Rhea-AI Filing Summary
Great Southern Bancorp, Inc. subsidiary vice president Kevin L. Baker reported an option exercise paired with a sale of common stock. Baker exercised options to acquire 2,800 shares of common stock at $52.20 per share and sold 2,800 shares in an open-market transaction at $69.9601 per share on the same date.
After these transactions, he holds 14 shares of common stock directly and approximately 9,768 equivalent shares indirectly through the company’s 401(k) plan. He also retains multiple option grants on common stock, including 4,800 underlying shares at an exercise price of $57.29 per share expiring on November 19, 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 2,800 shares ($50K approx. pre-tax spread)
Exercise and Sale
12 txns
Insider
Baker Kevin L
Role
Insider
Sold
2,800 shs ($196K)
Approx. gross sale proceeds
$196K
Approx. exercise cost
$146K
Approx. pre-tax spread
$50K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to purchase | 2,800 | $52.20 | $146K |
| Exercise | Common Stock | 2,800 | $52.20 | $146K |
| Sale | Common Stock | 2,800 | $69.9601 | $196K |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Option to purchase | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option to purchase — 35,750 contracts (Direct);
Common Stock — 14 shares (Direct);
Common Stock — 9,768 shares (Indirect, 401(k) Plan)
Footnotes (10)
- F1. Reflects reporting person's holdings of units in Issuer's common stock fund under Issuer's 401(k) plan. Number of shares shown as beneficially owned under the plan represents the approximate equivalent number of shares of Issuer's common stock.
- F2. 700 shares vest on 11/15/2019, 11/15/2020, 11/15/2021 and 11/15/2022
- F3. 875 shares vest on 11/28/2020, 11/28/2021, 11/28/2022 and 11/28/2023
- F4. 950 shares vest on 11/20/2021, 11/20/2022, 11/20/2023 and 11/20/2024
- F5. 1,125 shares vest on 10/26/2022, 10/26/2023, 10/26/2024 and 10/26/2025
- F6. 1,188 shares vest on 11/17/2023 and 11/17/2024 and 1,187 shares vest on 11/17/2025 and 11/17/2026
- F7. 1,200 shares vest on 11/16/2024, 11/16/2025, 11/16/2026 and 11/16/2027
- F8. 1,200 shares vest on 11/15/2025, 11/15/2026, 11/15/2027 and 11/15/2028
- F9. 1,200 shares vest on 11/20/2026, 11/20/2027, 11/20/2028 and 11/20/2029
- F10. 1,200 shares vest on 11/19/2027, 11/19/2028, 11/19/2029 and 11/19/2030
Key Figures
Shares sold: 2,800 shares
Sale price per share: $69.9601/share
Options exercised: 2,800 shares
+4 more
7 metrics
Shares sold
2,800 shares
Common stock sold in open-market transaction
Sale price per share
$69.9601/share
Price for 2,800 common shares sold
Options exercised
2,800 shares
Common shares acquired via option exercise
Exercise price
$52.20/share
Strike price for exercised options
Direct common shares after
14 shares
Directly owned GSBC common stock post-transaction
Indirect 401(k) equivalent shares
9,768 shares
Approximate equivalent via 401(k) common stock fund
Largest remaining option block
4,800 underlying shares
Options at $57.29, expiring November 19, 2035
Key Terms
401(k) plan, Option to purchase, derivative security, open-market sale
4 terms
401(k) plan financial
"Reflects reporting person's holdings of units in Issuer's common stock fund under Issuer's 401(k) plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Option to purchase financial
"Security title listed as Option to purchase with common stock as underlying security."
derivative security financial
"Transaction code M is described as Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"Transaction code S is described as Sale in open market or private transaction."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kevin L. Baker report in this Form 4 for GSBC?
Kevin L. Baker reported an option exercise and matching share sale involving Great Southern Bancorp common stock. He exercised 2,800 options at $52.20 per share and sold 2,800 shares at $69.9601 per share in an open-market transaction on the same date.
What options did Kevin L. Baker exercise in this GSBC filing?
Baker exercised options covering 2,800 shares of Great Southern Bancorp common stock at an exercise price of $52.20 per share. A corresponding derivative entry shows the related option position decreased to zero shares following the exercise, converting the derivative into common shares.
What GSBC stock options does Baker still hold after this Form 4?
Baker retains several option grants on Great Southern Bancorp common stock. Remaining awards include blocks of 4,800 underlying shares at exercise prices such as $57.29 and $61.79, with stated expiration dates ranging from 2028 through 2035, according to the derivative holdings summary.
How is Kevin L. Baker’s GSBC 401(k) position described in the filing?
His 401(k) holdings are described as units in the issuer’s common stock fund under the 401(k) plan. The filing notes the 9,768 figure represents the approximate equivalent number of Great Southern Bancorp common shares underlying those plan units held indirectly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
