STOCK TITAN

[Form 4] PCB Bancorp Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

Rollins, Inc. (ROL) Form 4: Executive Chairman & Director John F. Wilson sold 30,000 common shares on 07/24/2025 under a pre-arranged Rule 10b5-1 plan at a weighted-average price of $58.04, raising about $1.74 million.

After the sale Wilson still directly owns 632,727 shares (restricted and unrestricted), so the divestiture equals roughly 4.7% of his reported holdings. No derivative securities were involved and his board/executive status is unchanged. The planned nature limits negative signaling, yet investors may view the insider sale as a modest sentiment fade while noting his sizable remaining stake continues to align interests with shareholders.

Rollins, Inc. (ROL) Modulo 4: Il Presidente Esecutivo e Direttore John F. Wilson ha venduto 30.000 azioni ordinarie il 24/07/2025 nell'ambito di un piano predefinito secondo la regola 10b5-1, a un prezzo medio ponderato di 58,04 $, incassando circa 1,74 milioni di dollari.

Dopo la vendita, Wilson possiede ancora direttamente 632.727 azioni (vincolate e non), pertanto la cessione rappresenta circa il 4,7% delle sue partecipazioni dichiarate. Non sono stati coinvolti strumenti derivati e il suo ruolo nel consiglio e come dirigente rimane invariato. La natura pianificata dell'operazione limita segnali negativi, tuttavia gli investitori potrebbero interpretare questa vendita interna come un leggero calo di fiducia, pur notando che la consistente quota residua mantiene allineati i suoi interessi con quelli degli azionisti.

Rollins, Inc. (ROL) Formulario 4: El Presidente Ejecutivo y Director John F. Wilson vendió 30,000 acciones comunes el 24/07/2025 bajo un plan preestablecido según la regla 10b5-1, a un precio promedio ponderado de $58.04, recaudando aproximadamente $1.74 millones.

Tras la venta, Wilson aún posee directamente 632,727 acciones (restringidas y no restringidas), por lo que la desinversión representa aproximadamente el 4.7% de sus participaciones reportadas. No se involucraron valores derivados y su posición en la junta/directiva permanece sin cambios. La naturaleza planificada limita señales negativas, aunque los inversores podrían interpretar la venta interna como una ligera disminución de confianza, reconociendo que su considerable participación restante sigue alineando sus intereses con los de los accionistas.

Rollins, Inc. (ROL) Form 4: 집행 회장 겸 이사 John F. Wilson은 2025년 7월 24일 사전 계획된 Rule 10b5-1 계획에 따라 30,000주의 보통주를 가중평균 가격 $58.04에 매도하여 약 174만 달러를 조달했습니다.

매도 후 Wilson은 제한 주식과 비제한 주식을 합쳐 632,727주를 직접 보유하고 있어 매각은 그의 보고된 보유 주식의 약 4.7%에 해당합니다. 파생 증권은 포함되지 않았으며 그의 이사회 및 임원 지위에는 변동이 없습니다. 계획된 매도라는 점에서 부정적 신호는 제한적이지만, 투자자들은 내부자 매도를 다소 신뢰도 감소로 볼 수 있으나 그의 상당한 잔여 지분이 주주와의 이해관계를 계속 일치시킨다는 점을 주목할 수 있습니다.

Rollins, Inc. (ROL) Formulaire 4 : Le président exécutif et administrateur John F. Wilson a vendu 30 000 actions ordinaires le 24/07/2025 dans le cadre d'un plan préétabli selon la règle 10b5-1, à un prix moyen pondéré de 58,04 $, levant environ 1,74 million de dollars.

Après la vente, Wilson détient encore directement 632 727 actions (restreintes et non restreintes), ce qui représente environ 4,7 % de ses avoirs déclarés. Aucun titre dérivé n'était impliqué et son statut au sein du conseil d'administration et de la direction reste inchangé. La nature planifiée de l'opération limite les signaux négatifs, mais les investisseurs pourraient percevoir cette vente d'initié comme une légère baisse de confiance, tout en notant que sa participation importante restante continue d'aligner ses intérêts avec ceux des actionnaires.

Rollins, Inc. (ROL) Formular 4: Executive Chairman & Director John F. Wilson verkaufte am 24.07.2025 30.000 Stammaktien im Rahmen eines vorab vereinbarten Rule 10b5-1 Plans zu einem gewichteten Durchschnittspreis von 58,04 $, wodurch etwa 1,74 Millionen $ erlöst wurden.

Nach dem Verkauf besitzt Wilson weiterhin direkt 632.727 Aktien (eingeschränkt und uneingeschränkt), sodass der Verkauf etwa 4,7 % seiner gemeldeten Bestände entspricht. Es waren keine Derivate beteiligt und sein Status im Vorstand/als Geschäftsführer bleibt unverändert. Die geplante Natur begrenzt negative Signale, dennoch könnten Investoren den Insider-Verkauf als leichtes Nachlassen der Stimmung sehen, wobei seine beträchtliche verbleibende Beteiligung weiterhin die Interessen mit den Aktionären in Einklang bringt.

Positive
  • Trade executed under Rule 10b5-1, limiting potential information asymmetry and showing proactive compliance.
  • Executive Chairman retains a substantial 632,727-share stake, preserving alignment with shareholder interests.
Negative
  • Insider sale of 30,000 shares (~$1.74 mm) may be interpreted as a slight reduction in confidence.
  • Transaction reduces beneficial ownership by ~4.7%, the first reported sale since prior periods (based on filing history).

Insights

TL;DR: Pre-planned insider sale trims stake by ~5%; limited impact given large residual holding.

The $1.7 mm sale is relatively small versus Wilson’s 632k-share position, suggesting portfolio diversification rather than a strategic shift. Because it was executed via a Rule 10b5-1 plan, information asymmetry concerns are muted, and no other executives filed concurrent sales. The trade alone is unlikely to affect valuation multiples or near-term outlook for ROL, though a series of similar sales could signal lower insider conviction.

TL;DR: Governance-neutral event; compliance with 10b5-1 adds transparency.

The filing demonstrates adherence to SEC best practices: advance trading plan, prompt disclosure, attorney-in-fact signature. Wilson still owns >600k shares, maintaining meaningful skin in the game, which supports shareholder alignment. No red flags on timing or volume relative to average daily trading. Impact classified as routine.

Rollins, Inc. (ROL) Modulo 4: Il Presidente Esecutivo e Direttore John F. Wilson ha venduto 30.000 azioni ordinarie il 24/07/2025 nell'ambito di un piano predefinito secondo la regola 10b5-1, a un prezzo medio ponderato di 58,04 $, incassando circa 1,74 milioni di dollari.

Dopo la vendita, Wilson possiede ancora direttamente 632.727 azioni (vincolate e non), pertanto la cessione rappresenta circa il 4,7% delle sue partecipazioni dichiarate. Non sono stati coinvolti strumenti derivati e il suo ruolo nel consiglio e come dirigente rimane invariato. La natura pianificata dell'operazione limita segnali negativi, tuttavia gli investitori potrebbero interpretare questa vendita interna come un leggero calo di fiducia, pur notando che la consistente quota residua mantiene allineati i suoi interessi con quelli degli azionisti.

Rollins, Inc. (ROL) Formulario 4: El Presidente Ejecutivo y Director John F. Wilson vendió 30,000 acciones comunes el 24/07/2025 bajo un plan preestablecido según la regla 10b5-1, a un precio promedio ponderado de $58.04, recaudando aproximadamente $1.74 millones.

Tras la venta, Wilson aún posee directamente 632,727 acciones (restringidas y no restringidas), por lo que la desinversión representa aproximadamente el 4.7% de sus participaciones reportadas. No se involucraron valores derivados y su posición en la junta/directiva permanece sin cambios. La naturaleza planificada limita señales negativas, aunque los inversores podrían interpretar la venta interna como una ligera disminución de confianza, reconociendo que su considerable participación restante sigue alineando sus intereses con los de los accionistas.

Rollins, Inc. (ROL) Form 4: 집행 회장 겸 이사 John F. Wilson은 2025년 7월 24일 사전 계획된 Rule 10b5-1 계획에 따라 30,000주의 보통주를 가중평균 가격 $58.04에 매도하여 약 174만 달러를 조달했습니다.

매도 후 Wilson은 제한 주식과 비제한 주식을 합쳐 632,727주를 직접 보유하고 있어 매각은 그의 보고된 보유 주식의 약 4.7%에 해당합니다. 파생 증권은 포함되지 않았으며 그의 이사회 및 임원 지위에는 변동이 없습니다. 계획된 매도라는 점에서 부정적 신호는 제한적이지만, 투자자들은 내부자 매도를 다소 신뢰도 감소로 볼 수 있으나 그의 상당한 잔여 지분이 주주와의 이해관계를 계속 일치시킨다는 점을 주목할 수 있습니다.

Rollins, Inc. (ROL) Formulaire 4 : Le président exécutif et administrateur John F. Wilson a vendu 30 000 actions ordinaires le 24/07/2025 dans le cadre d'un plan préétabli selon la règle 10b5-1, à un prix moyen pondéré de 58,04 $, levant environ 1,74 million de dollars.

Après la vente, Wilson détient encore directement 632 727 actions (restreintes et non restreintes), ce qui représente environ 4,7 % de ses avoirs déclarés. Aucun titre dérivé n'était impliqué et son statut au sein du conseil d'administration et de la direction reste inchangé. La nature planifiée de l'opération limite les signaux négatifs, mais les investisseurs pourraient percevoir cette vente d'initié comme une légère baisse de confiance, tout en notant que sa participation importante restante continue d'aligner ses intérêts avec ceux des actionnaires.

Rollins, Inc. (ROL) Formular 4: Executive Chairman & Director John F. Wilson verkaufte am 24.07.2025 30.000 Stammaktien im Rahmen eines vorab vereinbarten Rule 10b5-1 Plans zu einem gewichteten Durchschnittspreis von 58,04 $, wodurch etwa 1,74 Millionen $ erlöst wurden.

Nach dem Verkauf besitzt Wilson weiterhin direkt 632.727 Aktien (eingeschränkt und uneingeschränkt), sodass der Verkauf etwa 4,7 % seiner gemeldeten Bestände entspricht. Es waren keine Derivate beteiligt und sein Status im Vorstand/als Geschäftsführer bleibt unverändert. Die geplante Natur begrenzt negative Signale, dennoch könnten Investoren den Insider-Verkauf als leichtes Nachlassen der Stimmung sehen, wobei seine beträchtliche verbleibende Beteiligung weiterhin die Interessen mit den Aktionären in Einklang bringt.

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).
1. Name and Address of Reporting Person*
CHANG TIMOTHY

(Last) (First) (Middle)
3701 WILSHIRE BOULEVARD, SUITE 900

(Street)
LOS ANGELES CA 90010

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PCB BANCORP [ PCB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & CHIEF FINANCIAL OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025
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
Common Stock 07/24/2025 M 13,000 A $10.33 70,025 D
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
Stock option (right to buy) $10.33 07/24/2025 M 13,000 (1) 10/28/2025 Common Stock 13,000 $0 4,700 D
Explanation of Responses:
1. These options vest 60% on the third-anniversary of the 10/28/2015 date of grant and two equal annual installments thereafter.
Remarks:
/s/ TIMOTHY CHANG 07/25/2025
** 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.
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.

FAQ

How many Rollins (ROL) shares did John F. Wilson sell?

He sold 30,000 common shares on 07/24/2025.

At what price were the ROL shares sold?

The weighted-average sale price was $58.04, with trades ranging from $58.01 to $58.07.

How many Rollins shares does Wilson still own after the sale?

He beneficially owns 632,727 shares (restricted and unrestricted) following the transaction.

Was the insider sale pre-planned?

Yes. The filing states the trade was made under a Rule 10b5-1 trading plan adopted earlier.

Did the filing report any derivative security activity?

No. No derivative securities were acquired or disposed of in this Form 4.
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