[Form 4] Parke Bancorp Inc. Insider Trading Activity
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.