Sound Financial director gifts 28,916 shares
Sound Financial Bancorp director Rogelio Riojas reported a major non-sale transfer of Common Stock.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Sound Financial Bancorp director Rogelio Riojas reported a major non-sale transfer of Common Stock. On 2026-06-10 he made a bona fide gift of 28,916 shares to his children for estate, tax and retirement planning purposes. After this gift he directly holds 7,427 Common shares and several stock options to buy additional shares at exercise prices between $32.46 and $42.85, expiring from 2029 through 2034, so he continues to maintain a meaningful equity interest in the company.
Insider Trade Summary
28,916 shares gifted
Gift
2 txns
Insider
Riojas Rogelio
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 28,916 | $0.00 | $0.00 |
| Holding | Stock Option (Right to Buy) | -- | -- | -- |
| Holding | Stock Option (Right to Buy) | -- | -- | -- |
| Holding | Stock Option (Right to Buy) | -- | -- | -- |
| Holding | Stock Option (Right to Buy) | -- | -- | -- |
| Holding | Stock Option (Right to Buy) | -- | -- | -- |
| Grant/Award | Stock Option (Right to Buy) | 265 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,575 contracts for 1,310 underlying shares (Direct);
Common Stock — 7,427 shares (Direct)
Holdings Before and After:
Stock Option (Right to Buy), 1,310 to 1,575 contracts (Direct);
Common Stock, 36,343 to 7,427 shares (Direct)
Footnotes (3)
- F1. Options are fully vested.
- F2. Options vest in three equal annual installments beginning on January 26, 2025.
- F3. The reported transaction consists of bona fide gift to the reporting person's children undertaken in connection with the reporting person's estate, tax and retirement planning. Although the gifts represent a substantial portion of the reporting person's directly held shares, the transaction was not a sale and was effected solely for purposes of such planning. Following the reported gifts, the reporting person continues to maintain a meaningful equity interest in the Company through remaining share ownership and outstanding equity awards.
Key Figures
Shares gifted: 28,916 shares
Shares held after gift: 7,427 shares
Option exercise price: $40.13/share
+5 more
8 metrics
Shares gifted
28,916 shares
Common Stock bona fide gift on 2026-06-10
Shares held after gift
7,427 shares
Direct Common Stock holding following 2026-06-10 gift
Option exercise price
$40.13/share
Stock Option (Right to Buy), expires 2033-01-27, 320 underlying shares
Option exercise price
$42.85/share
Stock Option (Right to Buy), expires 2032-01-28, 320 underlying shares
Option exercise price
$32.46/share
Stock Option (Right to Buy), expires 2031-01-27, 300 underlying shares
Option exercise price
$36.26/share
Stock Option (Right to Buy), expires 2030-01-31, 120 underlying shares
Option exercise price
$33.50/share
Stock Option (Right to Buy), expires 2029-01-25, 250 underlying shares
New option grant
265 options at $39.89
Granted 2024-01-26, vesting over three years, expires 2034-01-26
Key Terms
Stock Option (Right to Buy), bona fide gift, estate, tax and retirement planning, equity awards, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy) with underlying Common Stock"
bona fide gift financial
"transaction_code_description: Bona fide gift for 28,916 Common Stock shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
estate, tax and retirement planning financial
"gift to the reporting person's children undertaken in connection with estate, tax and retirement planning"
equity awards financial
"reporting person continues to maintain a meaningful equity interest through remaining share ownership and outstanding equity awards"
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition for 265 options"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rogelio Riojas report at Sound Financial Bancorp (SFBC)?
Director Rogelio Riojas reported a bona fide gift of 28,916 shares of Sound Financial Bancorp Common Stock on 2026-06-10. The transfer was to his children for estate, tax and retirement planning and is not characterized as a sale in the disclosure or footnotes.
Was the Sound Financial Bancorp (SFBC) transaction by Rogelio Riojas a sale of stock?
No, the filing describes the 28,916-share transfer as a bona fide gift, not a sale. A footnote explains the gift was undertaken for estate, tax and retirement planning for his children, emphasizing that the transaction was effected solely for those planning purposes rather than for cash proceeds.
What stock options does Rogelio Riojas hold in Sound Financial Bancorp (SFBC) after the gift?
Riojas holds several stock options to buy Sound Financial Bancorp Common Stock, including options over 320 shares at $40.13, 320 shares at $42.85, 300 shares at $32.46, 120 shares at $36.26, and 250 shares at $33.50, with expirations from 2029 through 2033.
Did Rogelio Riojas acquire any new Sound Financial Bancorp (SFBC) options in this Form 4?
Yes. The Form 4 shows a grant of 265 stock options on 2024-01-26 at an exercise price of $39.89 per share. These options vest in three equal annual installments beginning on January 26, 2025, and expire on January 26, 2034, according to the filing footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
