STOCK TITAN

[8-K] SB Financial Group, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

The Charles Schwab Corporation (SCHW) filed a Form 144 indicating that insider Richard Wurster plans to sell up to 20,500 common shares (≈ 0.002 % of the 1.82 billion shares outstanding). Based on the filing’s reference price, the transaction is valued at ≈ $2.03 million. The shares were acquired on 03 Mar 2025 through the vesting of performance-based RSUs.

The filing also discloses that Wurster has already sold 15,345 shares for $1.29 million on 09 May 2025. If the proposed sale proceeds, his cumulative disposals over three months would reach 35,845 shares worth roughly $3.32 million.

While insider sales can signal reduced personal exposure, the volume is immaterial relative to Schwab’s float and does not affect corporate fundamentals. The transaction is routed through The Charles Schwab Corporation’s brokerage and will occur on the NYSE around 29 Jul 2025, consistent with Rule 144 requirements. No earnings, guidance, or operational updates are included in this notice.

La Charles Schwab Corporation (SCHW) ha presentato un Modulo 144 indicando che l'insider Richard Wurster intende vendere fino a 20.500 azioni ordinarie (circa lo 0,002% delle 1,82 miliardi di azioni in circolazione). In base al prezzo di riferimento del deposito, la transazione è valutata circa 2,03 milioni di dollari. Le azioni sono state acquisite il 3 marzo 2025 tramite la maturazione di RSU basate sulle performance.

Il deposito rivela inoltre che Wurster ha già venduto 15.345 azioni per un valore di 1,29 milioni di dollari il 9 maggio 2025. Se la vendita proposta andrà a buon fine, le sue cessioni cumulative in tre mesi raggiungeranno 35.845 azioni per un valore complessivo di circa 3,32 milioni di dollari.

Benché le vendite da parte degli insider possano indicare una riduzione dell'esposizione personale, il volume è irrilevante rispetto al flottante di Schwab e non incide sui fondamentali aziendali. La transazione sarà eseguita tramite la brokerage della Charles Schwab Corporation e avverrà alla NYSE intorno al 29 luglio 2025, in conformità con i requisiti della Regola 144. Questa comunicazione non include aggiornamenti su utili, previsioni o operazioni.

La empresa Charles Schwab Corporation (SCHW) presentó un Formulario 144 indicando que el insider Richard Wurster planea vender hasta 20,500 acciones ordinarias (≈ 0.002 % de las 1.82 mil millones de acciones en circulación). Según el precio de referencia del formulario, la transacción está valorada en aproximadamente $2.03 millones. Las acciones fueron adquiridas el 3 de marzo de 2025 mediante la consolidación de RSU basadas en desempeño.

El formulario también revela que Wurster ya vendió 15,345 acciones por $1.29 millones el 9 de mayo de 2025. Si la venta propuesta se realiza, sus disposiciones acumuladas en tres meses alcanzarían 35,845 acciones, por un valor aproximado de $3.32 millones.

Si bien las ventas de insiders pueden señalar una reducción en la exposición personal, el volumen es insignificante en relación con el flotante de Schwab y no afecta los fundamentos corporativos. La transacción se realizará a través de la corretaje de The Charles Schwab Corporation y ocurrirá en la NYSE alrededor del 29 de julio de 2025, conforme a los requisitos de la Regla 144. Este aviso no incluye actualizaciones sobre ganancias, pronósticos u operaciones.

찰스 슈왑 코퍼레이션(SCHW)은 내부자 리처드 워스터(Richard Wurster)가 최대 20,500주 보통주(전체 18.2억 주의 약 0.002%)를 매도할 계획임을 알리는 서식 144를 제출했습니다. 신고서 기준 가격에 따르면 해당 거래 가치는 약 203만 달러입니다. 해당 주식은 2025년 3월 3일 성과 기반 RSU의 권리 확정으로 취득되었습니다.

신고서에는 워스터가 이미 2025년 5월 9일15,345주를 매도하여 129만 달러를 확보했다는 내용도 포함되어 있습니다. 제안된 매도가 진행될 경우, 3개월간 누적 매도 주식 수는 35,845주, 총 가치는 약 332만 달러에 달하게 됩니다.

내부자 매도는 개인 노출 감소를 시사할 수 있으나, 거래량은 슈왑의 유통 주식 수에 비해 미미하며 기업의 기본적 요소에 영향을 미치지 않습니다. 거래는 찰스 슈왑 코퍼레이션의 중개 부서를 통해 이루어지며, 2025년 7월 29일경 뉴욕증권거래소(NYSE)에서 진행될 예정이며, 규칙 144 요건을 준수합니다. 이번 공지에는 수익, 전망 또는 운영에 관한 업데이트는 포함되어 있지 않습니다.

La société Charles Schwab Corporation (SCHW) a déposé un Formulaire 144 indiquant que l'initié Richard Wurster prévoit de vendre jusqu'à 20 500 actions ordinaires (≈ 0,002 % des 1,82 milliard d'actions en circulation). Selon le prix de référence du dépôt, la transaction est estimée à environ 2,03 millions de dollars. Les actions ont été acquises le 3 mars 2025 par l'acquisition de RSU basées sur la performance.

Le dépôt révèle également que Wurster a déjà vendu 15 345 actions pour 1,29 million de dollars le 9 mai 2025. Si la vente proposée se réalise, ses cessions cumulées sur trois mois atteindraient 35 845 actions pour une valeur d'environ 3,32 millions de dollars.

Bien que les ventes d'initiés puissent indiquer une réduction de l'exposition personnelle, le volume est négligeable par rapport au flottant de Schwab et n'affecte pas les fondamentaux de l'entreprise. La transaction sera effectuée via la courtage de The Charles Schwab Corporation et aura lieu à la NYSE vers le 29 juillet 2025, conformément aux exigences de la règle 144. Cet avis ne comprend aucune mise à jour sur les résultats, les prévisions ou les opérations.

Die Charles Schwab Corporation (SCHW) hat ein Formular 144 eingereicht, das darauf hinweist, dass Insider Richard Wurster plant, bis zu 20.500 Stammaktien (≈ 0,002 % der 1,82 Milliarden ausstehenden Aktien) zu verkaufen. Basierend auf dem Referenzpreis der Einreichung wird die Transaktion auf etwa 2,03 Millionen US-Dollar geschätzt. Die Aktien wurden am 3. März 2025 durch die Vesting von leistungsbasierten RSUs erworben.

Die Einreichung offenbart außerdem, dass Wurster bereits am 9. Mai 2025 15.345 Aktien für 1,29 Millionen US-Dollar verkauft hat. Sollte der vorgeschlagene Verkauf stattfinden, würden seine kumulierten Veräußerungen innerhalb von drei Monaten 35.845 Aktien im Wert von rund 3,32 Millionen US-Dollar erreichen.

Obwohl Insider-Verkäufe auf eine verringerte persönliche Beteiligung hinweisen können, ist das Volumen im Verhältnis zum Streubesitz von Schwab unerheblich und beeinflusst die Unternehmensfundamente nicht. Die Transaktion wird über die Brokerage der Charles Schwab Corporation abgewickelt und findet voraussichtlich am 29. Juli 2025 an der NYSE statt, gemäß den Anforderungen der Regel 144. Diese Mitteilung enthält keine Informationen zu Gewinnzahlen, Prognosen oder operativen Updates.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Minor insider sale (≈$2 m) under Rule 144; negligible float impact, modest negative sentiment.

The proposed disposition represents only 0.002 % of SCHW’s outstanding shares, so liquidity and valuation are unaffected. Insider selling can sometimes spook investors, yet the magnitude and Rule 144 disclosure suggest routine diversification after PBRSU vesting. No new information on earnings, credit, or strategy appears. Overall, the filing is not materially impactful to Schwab’s investment thesis, though traders may note the incremental negative signal from continued executive sales.

TL;DR: Filing shows transparent compliance with Rule 144; governance posture intact.

Management’s timely Form 144 indicates adherence to SEC resale regulations and potential use of a 10b5-1 plan, mitigating litigation risk. The vesting-to-sale timing (≈5 months) is typical and supports orderly monetization of equity compensation. No red flags—such as clustered insider exits or undisclosed adverse info—are evident. Nonetheless, continued insider selling warrants monitoring for pattern escalation, especially amid any strategic announcements.

La Charles Schwab Corporation (SCHW) ha presentato un Modulo 144 indicando che l'insider Richard Wurster intende vendere fino a 20.500 azioni ordinarie (circa lo 0,002% delle 1,82 miliardi di azioni in circolazione). In base al prezzo di riferimento del deposito, la transazione è valutata circa 2,03 milioni di dollari. Le azioni sono state acquisite il 3 marzo 2025 tramite la maturazione di RSU basate sulle performance.

Il deposito rivela inoltre che Wurster ha già venduto 15.345 azioni per un valore di 1,29 milioni di dollari il 9 maggio 2025. Se la vendita proposta andrà a buon fine, le sue cessioni cumulative in tre mesi raggiungeranno 35.845 azioni per un valore complessivo di circa 3,32 milioni di dollari.

Benché le vendite da parte degli insider possano indicare una riduzione dell'esposizione personale, il volume è irrilevante rispetto al flottante di Schwab e non incide sui fondamentali aziendali. La transazione sarà eseguita tramite la brokerage della Charles Schwab Corporation e avverrà alla NYSE intorno al 29 luglio 2025, in conformità con i requisiti della Regola 144. Questa comunicazione non include aggiornamenti su utili, previsioni o operazioni.

La empresa Charles Schwab Corporation (SCHW) presentó un Formulario 144 indicando que el insider Richard Wurster planea vender hasta 20,500 acciones ordinarias (≈ 0.002 % de las 1.82 mil millones de acciones en circulación). Según el precio de referencia del formulario, la transacción está valorada en aproximadamente $2.03 millones. Las acciones fueron adquiridas el 3 de marzo de 2025 mediante la consolidación de RSU basadas en desempeño.

El formulario también revela que Wurster ya vendió 15,345 acciones por $1.29 millones el 9 de mayo de 2025. Si la venta propuesta se realiza, sus disposiciones acumuladas en tres meses alcanzarían 35,845 acciones, por un valor aproximado de $3.32 millones.

Si bien las ventas de insiders pueden señalar una reducción en la exposición personal, el volumen es insignificante en relación con el flotante de Schwab y no afecta los fundamentos corporativos. La transacción se realizará a través de la corretaje de The Charles Schwab Corporation y ocurrirá en la NYSE alrededor del 29 de julio de 2025, conforme a los requisitos de la Regla 144. Este aviso no incluye actualizaciones sobre ganancias, pronósticos u operaciones.

찰스 슈왑 코퍼레이션(SCHW)은 내부자 리처드 워스터(Richard Wurster)가 최대 20,500주 보통주(전체 18.2억 주의 약 0.002%)를 매도할 계획임을 알리는 서식 144를 제출했습니다. 신고서 기준 가격에 따르면 해당 거래 가치는 약 203만 달러입니다. 해당 주식은 2025년 3월 3일 성과 기반 RSU의 권리 확정으로 취득되었습니다.

신고서에는 워스터가 이미 2025년 5월 9일15,345주를 매도하여 129만 달러를 확보했다는 내용도 포함되어 있습니다. 제안된 매도가 진행될 경우, 3개월간 누적 매도 주식 수는 35,845주, 총 가치는 약 332만 달러에 달하게 됩니다.

내부자 매도는 개인 노출 감소를 시사할 수 있으나, 거래량은 슈왑의 유통 주식 수에 비해 미미하며 기업의 기본적 요소에 영향을 미치지 않습니다. 거래는 찰스 슈왑 코퍼레이션의 중개 부서를 통해 이루어지며, 2025년 7월 29일경 뉴욕증권거래소(NYSE)에서 진행될 예정이며, 규칙 144 요건을 준수합니다. 이번 공지에는 수익, 전망 또는 운영에 관한 업데이트는 포함되어 있지 않습니다.

La société Charles Schwab Corporation (SCHW) a déposé un Formulaire 144 indiquant que l'initié Richard Wurster prévoit de vendre jusqu'à 20 500 actions ordinaires (≈ 0,002 % des 1,82 milliard d'actions en circulation). Selon le prix de référence du dépôt, la transaction est estimée à environ 2,03 millions de dollars. Les actions ont été acquises le 3 mars 2025 par l'acquisition de RSU basées sur la performance.

Le dépôt révèle également que Wurster a déjà vendu 15 345 actions pour 1,29 million de dollars le 9 mai 2025. Si la vente proposée se réalise, ses cessions cumulées sur trois mois atteindraient 35 845 actions pour une valeur d'environ 3,32 millions de dollars.

Bien que les ventes d'initiés puissent indiquer une réduction de l'exposition personnelle, le volume est négligeable par rapport au flottant de Schwab et n'affecte pas les fondamentaux de l'entreprise. La transaction sera effectuée via la courtage de The Charles Schwab Corporation et aura lieu à la NYSE vers le 29 juillet 2025, conformément aux exigences de la règle 144. Cet avis ne comprend aucune mise à jour sur les résultats, les prévisions ou les opérations.

Die Charles Schwab Corporation (SCHW) hat ein Formular 144 eingereicht, das darauf hinweist, dass Insider Richard Wurster plant, bis zu 20.500 Stammaktien (≈ 0,002 % der 1,82 Milliarden ausstehenden Aktien) zu verkaufen. Basierend auf dem Referenzpreis der Einreichung wird die Transaktion auf etwa 2,03 Millionen US-Dollar geschätzt. Die Aktien wurden am 3. März 2025 durch die Vesting von leistungsbasierten RSUs erworben.

Die Einreichung offenbart außerdem, dass Wurster bereits am 9. Mai 2025 15.345 Aktien für 1,29 Millionen US-Dollar verkauft hat. Sollte der vorgeschlagene Verkauf stattfinden, würden seine kumulierten Veräußerungen innerhalb von drei Monaten 35.845 Aktien im Wert von rund 3,32 Millionen US-Dollar erreichen.

Obwohl Insider-Verkäufe auf eine verringerte persönliche Beteiligung hinweisen können, ist das Volumen im Verhältnis zum Streubesitz von Schwab unerheblich und beeinflusst die Unternehmensfundamente nicht. Die Transaktion wird über die Brokerage der Charles Schwab Corporation abgewickelt und findet voraussichtlich am 29. Juli 2025 an der NYSE statt, gemäß den Anforderungen der Regel 144. Diese Mitteilung enthält keine Informationen zu Gewinnzahlen, Prognosen oder operativen Updates.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

  

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) July 29, 2025 (July 25, 2025)

 

SB FINANCIAL GROUP, INC

(Exact name of registrant as specified in its charter)

 

Ohio   001-36785   34-1395608
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

401 Clinton Street, Defiance, OH   43512
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (419) 783-8950

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 1 4a- 12 under the Exchange Act (17 CFR 240.1 4a- 12)

 

Pre-commencement communications pursuant to Rule 1 4d-2(b) under the Exchange Act (17 CFR 240.1 4d-2(b))

 

Pre-commencement communications pursuant to Rule 1 3e-4(c) under the Exchange Act (17 CFR 240.1 3e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Shares, No Par Value 6,352,152 Outstanding at July 29,2025   SBFG  

The NASDAQ Stock Market, LLC

(NASDAQ Capital Market)

 

 

 

 

Item 2.02. Results of Operations and Financial Condition.

 

On July 25, 2025, SB Financial Group, Inc. (the “Company”) hosted a conference call and webcast to discuss its financial results for the second quarter ending June 30, 2025. A copy of the transcript for the conference call and webcast is furnished as Exhibit 99.1 and is incorporated herein by reference.

 

The information in this Item 2.02, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933 or the Exchange Act, except as otherwise stated in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(a) Not Applicable

 

(b) Not Applicable

 

(c) Not Applicable

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Transcript of conference call and webcast conducted on July 25, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

-1-

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  SB FINANCIAL GROUP, INC.
   
Dated: July 29, 2025 By: /s/ Anthony V. Cosentino
    Anthony V. Cosentino
    Chief Financial Officer

  

-2-

 

INDEX TO EXHIBITS

 

Current Report on Form 8-K

Dated July 29, 2025

 

SB Financial Group, Inc.

 

Exhibit No.   Description
99.1   Transcript of conference call and webcast conducted on July 25, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

-3-

 

FAQ

How many SCHW shares is Richard Wurster planning to sell?

Up to 20,500 common shares, valued at ≈ $2.03 million.

When is the approximate sale date for the shares?

The filing lists 29 July 2025 as the approximate sale date.

What percentage of Charles Schwab’s outstanding shares does the sale represent?

About 0.002 % of the 1.82 billion shares outstanding.

How were the shares acquired by the insider?

They vested from performance-based RSUs on 03 Mar 2025.

Has the insider sold SCHW shares recently?

Yes, 15,345 shares were sold on 09 May 2025 for $1.29 million.

Does the filing provide any new financial or strategic information about SCHW?

No. The Form 144 strictly covers the proposed insider sale and contains no operational or earnings data.
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