PB Form 4: Ned Holmes Disposes 1,100 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Ned S. Holmes, a director of Prosperity Bancshares, reported multiple share sales on 09/03/2025 under a planned trading program. The Form 4 shows four non-derivative sales totaling 1,100 shares at weighted-average prices in the $68.21–$68.79 range. Post-transaction holdings are disclosed by account: 94,375 shares (direct), 93,915 shares (direct), 111,193 shares (indirect, profit sharing plan), and 44,200 shares (indirect, trustee for SSH trust). The filing indicates the trades were made pursuant to a Rule 10b5-1 plan. The Form 4 is signed by an attorney-in-fact on 09/04/2025.
Positive
- Trades executed under a Rule 10b5-1 plan, indicating a pre-arranged, compliant trading program
- Detailed post-transaction holdings disclosed across direct, profit-sharing and trust accounts
Negative
- Insider sold 1,100 shares on 09/03/2025, which may be viewed negatively by some investors
- Multiple weighted-average sale prices require requester follow-up for per-price breakdowns (footnoted)
Insights
TL;DR: Routine director share sales under a 10b5-1 plan, totaling 1,100 shares; appears procedural rather than governance-altering.
The filing documents routine disposition activity by a director with continued substantial direct and indirect holdings across personal, profit-sharing and trust accounts. The presence of a 10b5-1 plan suggests pre-arranged trades, which reduces concerns about opportunistic timing. No leadership changes, related-party transactions or amendments are disclosed, and the aggregate sale size relative to stated holdings does not indicate a change in control or material governance shift.
TL;DR: Insider sold 1,100 shares at weighted-average prices near $68.50; sales recorded across multiple accounts with specific post-sale balances.
The Form 4 specifies four sell transactions executed on 09/03/2025 with weighted-average prices between $68.21 and $68.79. Detailed post-transaction share counts are provided for both direct and indirect holdings, including a profit-sharing plan and a trust for an adult beneficiary. The filing contains footnotes explaining the price ranges for the multiple executions. No derivative activity is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 40 | $68.21 | $3K |
| Sale | Common Stock | 460 | $68.7908 | $32K |
| Sale | Common Stock | 500 | $68.6534 | $34K |
| Sale | Common Stock | 100 | $68.6389 | $7K |
Footnotes (1)
- The price reported in Column 4 of is a weighted average price. The shares were sold in multiple transactions at prices ranging from $68.39 to $69.315 inclusive. The reporting person undertakes to provide Prosperity Bancshares, any security holder of Prosperity Bancshares or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $68.35 to $69.315 inclusive. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $68.21 to $69.20 inclusive.