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Sound Financial Bancorp (SFBC) EVP corrects reported insider share ownership

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3/A

Rhea-AI Filing Summary

Sound Financial Bancorp, Inc. executive vice president Laura Lee Stewart filed an amended insider ownership report to correct previously reported share amounts. As of the original filing date, she beneficially owned 2,650 shares of common stock directly, 5,021.0299 shares indirectly through the employee stock ownership plan (ESOP), and 539 shares indirectly through the 401(k) plan.

She also held stock options to purchase common stock, including 1,200 shares at an exercise price of $28.34 per share expiring on January 27, 2027, 750 shares at $33.50 per share expiring on January 25, 2029, and 1,000 shares at $36.26 per share expiring on January 31, 2030. The filing explains that this amendment corrects an inadvertent error in the number of shares previously reported as beneficially owned.

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Insider Ochs Wes
Role Executive Vice President
Type Security Shares Price Value
holding Stock Option (Right to Buy) -- -- --
holding Stock Option (Right to Buy) -- -- --
holding Stock Option (Right to Buy) -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Stock Option (Right to Buy) — 1,200 shares (Direct); Common Stock — 2,650 shares (Direct); Common Stock — 5,021.03 shares (Indirect, By ESOP)
Footnotes (1)
  1. Fully Exercisable. Options vest in five equal annual installments beginning on January 25, 2019. Options vest in five equal annual installments beginning on January 31, 2020. This amendment is being filed to correct an inadvertent reporting error in the number of shares of common stock reported as beneficially owned by the reporting person in the original Form 3 filed on November 6, 2020. The amended filing reflects the correct number of shares beneficially owned as of the date of the original filing.
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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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: 3235-0104
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hours per response: 0.5
1. Name and Address of Reporting Person*
Ochs Wes
(Last) (First) (Middle)
C/O SOUND FINANCIAL BANCORP, INC.
2400 3RD AVENUE, SUITE 150
(Street)
SEATTLE WA 98121
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2020 		3. Issuer Name and Ticker or Trading Symbol
Sound Financial Bancorp, Inc. [ SFBC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
5. If Amendment, Date of Original Filed (Month/Day/Year)
11/06/2020
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 2,650 D
Common Stock 5,021.0299 I By ESOP
Common Stock 539(4) I By 401(k) Plan
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) (1) 01/27/2027 Common Stock 1,200 $28.34 D
Stock Option (Right to Buy) (2) 01/25/2029 Common Stock 750 $33.5 D
Stock Option (Right to Buy) (3) 01/31/2030 Common Stock 1,000 $36.26 D
Explanation of Responses:
1. Fully Exercisable.
2. Options vest in five equal annual installments beginning on January 25, 2019.
3. Options vest in five equal annual installments beginning on January 31, 2020.
4. This amendment is being filed to correct an inadvertent reporting error in the number of shares of common stock reported as beneficially owned by the reporting person in the original Form 3 filed on November 6, 2020. The amended filing reflects the correct number of shares beneficially owned as of the date of the original filing.
/s/ Laura Lee Stewart 01/23/2026
** 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 5 (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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Sound Financial Bancorp (SFBC) disclose in this amended insider filing?

The filing shows that executive vice president Laura Lee Stewart corrected her previously reported beneficial ownership. It lists her directly owned common stock, shares held through the ESOP and 401(k) plan, and several stock option grants with specific exercise prices and expiration dates.

How many Sound Financial Bancorp (SFBC) shares does Laura Lee Stewart beneficially own?

Laura Lee Stewart beneficially owns 2,650 shares of common stock directly, 5,021.0299 shares indirectly through the ESOP, and 539 shares indirectly through the 401(k) plan, as of the date referenced in the amendment.

What stock options for SFBC common stock does Laura Lee Stewart hold?

She holds three stock option awards: options for 1,200 shares at an exercise price of $28.34 expiring on 01/27/2027 (fully exercisable), options for 750 shares at $33.50 expiring on 01/25/2029, and options for 1,000 shares at $36.26 expiring on 01/31/2030.

How do the SFBC stock options for Laura Lee Stewart vest?

One option grant is noted as fully exercisable. Another vests in five equal annual installments beginning on January 25, 2019, and the third vests in five equal annual installments beginning on January 31, 2020, according to the filing footnotes.

Why was this Sound Financial Bancorp (SFBC) insider report amended?

The amendment states that it was filed to correct an inadvertent reporting error in the number of shares of common stock previously reported as beneficially owned by Laura Lee Stewart. The amended report reflects the correct number of shares as of the date of the original filing.

What is Laura Lee Stewart’s role at Sound Financial Bancorp (SFBC)?

The filing identifies Laura Lee Stewart as an officer of Sound Financial Bancorp, Inc., serving as Executive Vice President, and as a reporting person for purposes of insider ownership reporting.