Mechanics Bancorp (MCHB) director logs tiny 2-share sale via family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mechanics Bancorp director Edward Michael Downer reported a very small indirect sale of 2 shares of Class A Common Stock at $15.13 per share on June 15, 2026. The E M Downer Dynasty Trust still holds 1,121,268 shares after this trade, and several other direct and indirect holdings were reported without new transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2 shares ($30)
Net Sell
7 txns
Insider
Downer Edward Michael
Role
null
Sold
2 shs ($30.26)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2 | $15.13 | $30.26 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,121,268 shares (Indirect, E M Downer Dynasty Trust UAD 11/28/03 FBO Michael Downer);
Class A Common Stock — 9,903 shares (Direct, null)
Footnotes (1)
- The Reporting Person is the Investment Manager and beneficiary of the E M Downer Dynasty Trust UAD 11/28/03. The Reporting Person is the Investment Manager of MJAK Holdings, LLC and has the power to direct the voting of such shares. The Reporting Person is the voting trustee for the Douglas Downer Family Dynasty Trust. The Reporting Person is the voting trustee for the Robert M Downer Family Dynasty Trust. The Reporting Person is the voting trustee for the E M Downer Family Dynasty II Trust dated 12/28/03.
Key Figures
Shares sold: 2 shares
Sale price: $15.13 per share
Dynasty Trust holding: 1,121,268 shares
+3 more
6 metrics
Shares sold
2 shares
Open-market sale on June 15, 2026
Sale price
$15.13 per share
Price for 2 shares sold
Dynasty Trust holding
1,121,268 shares
E M Downer Dynasty Trust after sale
Separate Property Trust holding
1,511,898 shares
E. Michael Downer Separate Property Trust UTD 9/22/08
MJAK Holdings LLC holding
1,155,382 shares
MJAK Holdings, LLC position reported
Direct holding
9,903 shares
Directly held Class A Common Stock
Key Terms
Class A Common Stock, open-market sale, indirect ownership, voting trustee, +1 more
5 terms
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: "open-market sale""
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.
indirect ownership financial
"ownership_type: "indirect""
voting trustee financial
"The Reporting Person is the voting trustee for the Douglas Downer Family Dynasty Trust."
Investment Manager financial
"The Reporting Person is the Investment Manager of MJAK Holdings, LLC"
FAQ
What insider transaction did Mechanics Bancorp (MCHB) disclose in this Form 4?
Mechanics Bancorp director Edward Michael Downer disclosed an indirect open-market sale of 2 shares of Class A Common Stock at $15.13 per share. The transaction was made through the E M Downer Dynasty Trust and represents a very small change in reported holdings.
Is the Mechanics Bancorp (MCHB) insider transaction direct or through a trust?
The reported sale of 2 Mechanics Bancorp shares was indirect, executed through the E M Downer Dynasty Trust UAD 11/28/03 FBO Michael Downer. The filing also lists other indirect holdings via family trusts and an LLC, plus a separate direct holding position.
Does the Mechanics Bancorp (MCHB) Form 4 show any derivative securities?
The Form 4 derivative summary is empty, indicating no derivative securities such as options or warrants were reported in this filing. All entries relate to Mechanics Bancorp Class A Common Stock held directly or indirectly through trusts and an LLC.