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[Form 4] Parke Bancorp Inc. Insider Trading Activity

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

Rhea-AI Filing Summary

Parke Bancorp insider Ralph M. Gallo exercised 1,946 stock options at a $12.29 exercise price on 08/12/2025 and immediately sold those 1,946 shares at $21.89, leaving 0 shares from that lot. The filing lists additional outstanding options: 2,200 shares at $20.14 (exercisable 08/22/2023, expiring 08/22/2028) and 20,000 shares at $21.66 (exercisable 06/13/2027, expiring 06/13/2032). The report was signed 08/19/2025.

Positive

  • Exercise and sale reported transparently with specific prices and quantities disclosed
  • Remaining option grants disclosed including 2,200 and 20,000 share positions with exercise and expiration dates

Negative

  • All shares acquired from the exercise were sold the same day, resulting in no increase in beneficial ownership from that transaction

Insights

TL;DR: Insider exercised 1,946 options and sold all resulting shares the same day, with other sizable option grants remaining.

The transaction shows a routine option exercise followed by an immediate sale at a price above the exercise price, realizing the difference per share. The filing confirms remaining unexercised option positions of 2,200 and 20,000 shares with stated exercise prices and expiration dates, which could represent potential future dilution if exercised. No cash amounts withheld for taxes or other transaction mechanics are disclosed beyond the reported sale price and exercise price.

TL;DR: This is a standard Section 16 disclosure: an officer exercised options and sold the shares the same day; additional option grants remain outstanding.

The Form 4 identifies the reporting person as the Chief Operating Officer and shows an exercise and sale coded and reported in accordance with Section 16 requirements. The simultaneous exercise and sale is disclosed rather than a rule 10b5-1 plan box being checked, and the form indicates a power of attorney signature. There are no amendments or indications of material non-routine corporate events in this filing.

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*
Gallo Ralph Martin

(Last) (First) (Middle)
601 DELSEA DR.

(Street)
SEWELL NJ 08080

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PARKE BANCORP, INC. [ PKBK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025
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 08/12/2025 M 1,946 A $12.29 1,946 D
Common Stock 08/12/2025 S 1,946 D $21.89 0 D
Common Stock 817 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 Options Right-to-buy $12.29 08/12/2025 M 1,946 08/12/2025 04/24/2030 Common Stock 1,946 $12.29 1,946 D
Stock Options Right-to-buy $20.14 08/22/2023 08/22/2028 Common Stock 2,200 2,200 D
Stock Options Right-to-buy $21.66 06/13/2027 06/13/2032 Common Stock 20,000 20,000 D
Explanation of Responses:
/s/ Ralph M. Gallo, Jonathan D. Hill, Power of Attorney 08/19/2025
** 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

What did Ralph M. Gallo report on Form 4 for PKBK?

He reported exercising 1,946 options at $12.29 on 08/12/2025 and selling 1,946 shares at $21.89 the same day.

How many Parke Bancorp options remain outstanding for the reporting person?

The filing lists outstanding options for 2,200 shares at a $20.14 exercise price (expiring 08/22/2028) and 20,000 shares at a $21.66 exercise price (expiring 06/13/2032).

Did the reported transaction change the reporting person's beneficial ownership?

No. After the exercise and sale on 08/12/2025, the reported beneficial ownership from that lot is 0 shares.

Was a 10b5-1 trading plan indicated on the Form 4?

No check box indicating a Rule 10b5-1 plan is shown in the provided content.

When was the Form 4 signed?

The signature block shows authorization by power of attorney and is dated 08/19/2025.
Parke Bancorp Inc

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