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Northpointe Bancshares (NPB) director receives 2,606 restricted stock units award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Northpointe Bancshares director Lawrence David F. received a grant of 2,606 restricted stock units (RSUs) on common stock at a stated price of $0.00 per unit. These RSUs convert into shares of common stock on a one-for-one basis.

The RSUs vest in three approximately equal annual installments on May 13, 2027, May 13, 2028 and May 13, 2029. Following this grant, he holds 2,606 RSUs directly, reflecting a routine compensation-related equity award rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Lawrence David F.
Role null
Type Security Shares Price Value
Grant/Award Restricted stock units 2,606 $0.00 --
Holdings After Transaction: Restricted stock units — 2,606 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis. The RSUs vest in three approximately equal annual installments on each of May 13, 2027, 2028 and 2029.
RSUs granted 2,606 units Grant on May 13, 2026
Grant price $0.00 per unit Restricted stock unit award
Shares per RSU 1 share per RSU One-for-one conversion into common stock
Post-transaction RSU holdings 2,606 units Total RSUs held after grant
First vesting date May 13, 2027 First of three annual vesting installments
Final vesting date May 13, 2029 Third annual vesting installment
Restricted stock units financial
"Restricted stock units convert into shares of the issuer's common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The RSUs vest in three approximately equal annual installments"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
vesting financial
"The RSUs vest in three approximately equal annual installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Lawrence David F.
(Last)(First)(Middle)
3333 DEPOSIT DRIVE
NORTHEAST
(Street)
GRAND RAPIDS MICHIGAN 49546
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NORTHPOINTE BANCSHARES INC [ NPB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted stock units(1)(1)05/13/2026A2,606 (2) (2)Common Stock2,606$02,606D
Explanation of Responses:
1. Restricted stock units ("RSUs") convert into shares of the issuer's common stock on a one-for-one basis.
2. The RSUs vest in three approximately equal annual installments on each of May 13, 2027, 2028 and 2029.
Remarks:
/s/ Kevin J. Comps, Attorney-in-Fact06/17/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Northpointe Bancshares (NPB) director Lawrence David F. report on this Form 4?

He reported receiving a grant of 2,606 restricted stock units. These RSUs are a compensation-related equity award, not an open-market trade, and will convert into common shares over a multi-year vesting schedule if service-based conditions are met.

How many restricted stock units did the NPB director receive in this transaction?

The director received 2,606 restricted stock units. Each RSU represents a right to receive one share of Northpointe Bancshares common stock, subject to vesting conditions over three years starting in 2027, with no cash paid at grant.

What is the vesting schedule for the 2,606 RSUs reported by Northpointe Bancshares (NPB)?

The 2,606 RSUs vest in three approximately equal annual installments. Vesting dates are May 13, 2027, May 13, 2028, and May 13, 2029, aligning the director’s compensation with longer-term company performance and continued service on the board.

Do the RSUs granted to the NPB director have a conversion ratio into common stock?

Yes. Each restricted stock unit converts into one share of Northpointe Bancshares common stock. This one-for-one conversion occurs as the RSUs vest over time, directly linking the award’s value to the company’s future stock performance.

Was this Northpointe Bancshares (NPB) Form 4 a stock purchase or sale on the open market?

No. The filing reports a grant of restricted stock units as compensation, coded as an acquisition (A). It does not involve an open-market purchase or sale; instead, it reflects a stock-based award with future vesting conditions.

How many RSUs does the NPB director hold after this reported grant?

After this transaction, the director holds 2,606 restricted stock units directly. This total equals the newly granted award, indicating these RSUs form his current derivative position related to Northpointe Bancshares common stock in this filing.