Sound Financial Bancorp trust sells 900 shares
The trust agreement governed the trustee's sale under a Rule 10b5-1(c) plan, not at the CEO's direction.
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Form Type
4
Rhea-AI Filing Summary
At Sound Financial Bancorp, Inc. (SFBC), the independent third-party trustee of the Stewart Charitable Remainder Trust sold 900 shares on September 30, 2026, at $45.99 per share. The sale was not at the direction of CEO and director Laura Lee Stewart; it followed trust-agreement instructions under a Rule 10b5-1(c) plan adopted December 10, 2025. The trust held 8,100 shares after the sale. As of September 30, 2026, Stewart also reported 49,602 shares directly, 14,409 through the ESOP, and 18,906 through the 401(k).
Insider Trade Summary 10b5-1
Net Seller: 900 shares
Net Sell
9 txns
Insider
Stewart Laura Lee
Role
Chief Executive Officer
Sold
900 shs ($41K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F4, F3 | 900 | $45.99 | $41K |
| holding | Stock Option (Right to Buy) F1 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F1 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F1 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F1 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,100 shares (Indirect, By CRT);
Stock Option (Right to Buy) — 2,729 contracts (Direct);
Common Stock — 14,409 shares (Indirect, By ESOP);
Common Stock — 18,906 shares (Indirect, By 401(k));
Common Stock — 49,602 shares (Direct)
Footnotes (4)
- F1. Options are fully exercisable.
- F2. Options vest in three equal annual installments beginning on January 26, 2025.
- F3. On December 10, 2025, the reporting person contributed 10,800 shares of Sound Financial Bancorp, Inc. common stock to the Stewart Charitable Remainder Trust ("CRT") for estate planning purposes, resulting in a change in form of beneficial ownership from direct to indirect. The reporting person is the sole lifetime beneficiary of the CRT and retains the right to receive distributions in accordance with the terms of the trust. An independent third-party trustee serves as the trustee of the CRT and holds sole voting and dispositive power over the shares held by the trust.
- F4. These shares were sold by the trustee of the CRT, and not at the direction of the reporting person, pursuant to instructions contained in the trust agreement governing the CRT, in accordance with Rule 10b5-1(c) adopted on December 10, 2025. Following the reported transaction, the reporting person continues to hold a meaningful equity interest in the Company through remaining share ownership and outstanding equity awards.
Key Figures
Common shares sold: 900 shares
Per-share sale price: $45.99 per share
Trust shares following sale: 8,100 shares
+4 more
7 metrics
Common shares sold
900 shares
Sale on September 30, 2026
Per-share sale price
$45.99 per share
Sale on September 30, 2026
Trust shares following sale
8,100 shares
Reported after the September 30, 2026 sale
Direct common stock holdings
49,602 shares
Reported as of September 30, 2026
ESOP common stock holdings
14,409 shares
Reported as of September 30, 2026
401(k) common stock holdings
18,906 shares
Reported as of September 30, 2026
Stock options (right to buy)
250 shares at $33.50, expiring January 25, 2029; 120 shares at $36.26, expiring January 31, 2030; 300 shares at $32.46, expiring January 27, 2031; 1,800 shares at $40.13, expiring January 27, 2033; and 259 shares at $39.89, expiring January 26, 2034
Direct options over common stock reported as of September 30, 2026
Key Terms
Rule 10b5-1(c), Charitable Remainder Trust, sole lifetime beneficiary, voting and dispositive power
4 terms
Rule 10b5-1(c) regulatory
"the trust's share sale under the trading plan"
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
Charitable Remainder Trust financial
"the Stewart trust that held the shares sold"
sole lifetime beneficiary financial
"Stewart's interest in the trust"
voting and dispositive power financial
"the trustee's authority over trust-held shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was the SFBC trust sale directed by Laura Lee Stewart?
No. The independent third-party trustee sold the shares under instructions in the trust agreement, not at Stewart's direction, and held sole voting and dispositive power over the trust shares. The sale was made under a Rule 10b5-1(c) plan adopted December 10, 2025.
What stock options did Laura Lee Stewart report for SFBC?
Stewart reported five direct options over SFBC common stock: 250 at $33.50 expiring January 25, 2029; 120 at $36.26 expiring January 31, 2030; 300 at $32.46 expiring January 27, 2031; 1,800 at $40.13 expiring January 27, 2033; and 259 at $39.89 expiring January 26, 2034. The first four are fully exercisable; the 259 options vest in three equal annual installments beginning January 26, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
