[Form 4] Investar Holding Corporation Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing for Intuit Inc. (INTU) – filed 07/03/2025 details equity transactions by Mark P. Notarainni, EVP of the Consumer Group.

• RSU vesting (Transaction Code “M”): On 07/01/2025 four tranches of restricted stock units converted 1-for-1 into 2,068 common shares (179 + 227 + 314 + 1,348) at a stated price of $0.
• Tax withholding (Code “F”): 921.103 shares were automatically sold back to the company at $787.63 to cover statutory taxes, leaving 1,166.114 shares outstanding.
• Open-market sale (Code “S”): On 07/02/2025, the executive sold 1,146.897 shares under a previously adopted Rule 10b5-1 trading plan at a weighted-average price of $773.8992 (individual trades ranged $773.00–$773.90).
• Post-transaction ownership: Holdings fell to 19.217 directly owned shares, indicating a net disposition of virtually the entire position acquired from the RSU vesting.
• The filing cites the fair-market value reference for the tax sale and confirms that RSUs have no expiration; they vest or are forfeited.

No other derivative instruments remain; the reporting person’s remaining RSU balance decreased from 7,465 to 4,041 units.

Because the majority of recently vested shares were sold, investors may view the activity as insider profit-taking, although the sale was pre-scheduled under a 10b5-1 plan.

Positive

• RSU vesting adds 2,068 shares to the float without dilution cost, demonstrating continued execution of equity compensation plans.

Negative

• Executive sold 1,146.897 shares (≈99% of post-withholding stake), cutting direct ownership to just 19.217 shares, a potential negative sentiment signal.
• Large tax-withholding sale of 921.103 shares further reduced insider alignment, though mechanically required.

Insights

Securities Analyst

TL;DR: Executive vested 2,068 shares, then sold ~1,147 shares, cutting direct stake to 19; sale was pre-planned but still materially reduces exposure.

The Form 4 shows standard RSU vesting followed by two dispositions: a tax-withholding sale and a sizeable open-market sale. The market-sale tranche represents roughly 99% of the shares held after tax withholding, signaling a near-liquidation of the executive’s directly owned stock. Although executed under a Rule 10b5-1 plan, the magnitude of the reduction may be read negatively by sentiment-driven investors looking at insider commitment. No purchase transactions occurred outside the vesting process, and there is no indication of option exercises at a premium. From a liquidity perspective, the transaction is immaterial to Intuit’s float, but insider-selling optics can influence short-term trading dynamics. Overall impact: modestly negative in sentiment but not fundamentally significant.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walker Frank L.

(Last) (First) (Middle)

C/O INVESTAR HOLDING CORPORATION

10500 COURSEY BLVD.

(Street)

BATON ROUGE LA 70816

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Investar Holding Corp [ ISTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Noncumulative Perpetual Convertible Preferred Stock	(1)	07/01/2025		A		100		07/01/2025	(2)	Common Stock	4,761.9	$1,000	100	D

Explanation of Responses:

1. The conversion price of the Series A Noncumulative Perpetual Convertible Preferred Stock is fixed, but is subject to adjustment upon the occurrence of certain events as set forth in the Articles of Amendment to the Issuer's Articles of Incorporation designating the Series A Noncumulative Perpetual Convertible Preferred Stock.

2. The preferred stock is perpetual and therefore has no expiration date.

	/s/ Frank L. Walker	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

How many Intuit (INTU) shares did EVP Mark Notarainni sell?

He sold 1,146.897 shares on 07/02/2025 at a weighted-average price of $773.8992.

Were the Intuit insider sales pre-planned?

Yes. The open-market sale was executed under a Rule 10b5-1 trading plan adopted on 09/05/2024.

What price was used for the tax-withholding share sale?

The shares withheld for taxes were sold back to the company at $787.63, the fair-market value on the prior trading day.

How many shares does the executive now directly own?

After all transactions, Mark P. Notarainni directly owns 19.217 Intuit common shares.

Did the executive exercise any options?

No options were exercised; the transactions relate solely to restricted stock unit (RSU) vesting and subsequent share sales.

How many RSUs remain unvested?

The filing shows 4,041 unvested RSUs still beneficially owned following the reported transactions.