Sound Financial Bancorp Form 4 shows minor insider share gift
Rhea-AI Filing Summary
Sound Financial Bancorp (SFBC) Form 4 filing: Director David S. Haddad Jr. reported one bona-fide gift transaction (code G) dated 08/06/2025 involving 22 common shares at a price of $0. Following the gift, his direct holdings equal 4,368 shares, down slightly from 4,390. He continues to hold 13,548 shares indirectly through an IRA.
The filing also lists six outstanding director stock-option grants, fully vested or on standard vesting schedules, covering a combined 1,575 shares with exercise prices between $32.46 and $42.85 and expirations from 2029-2034. No options were exercised or altered in this report.
Materiality: The gift represents <1% of Haddad’s total reported equity exposure and has no impact on SFBC’s share count, operations, or financial outlook. The event appears routine and non-market-moving.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine director gift of 22 shares; ownership essentially unchanged—no market impact.
The filing shows a minor charitable or personal transfer by Director Haddad. Post-transaction, he still controls 17,916 shares (direct + indirect) plus 1,575 vested/unvested options. The fractional size (<0.01 % of SFBC’s 2.6 m outstanding shares) and $0 consideration signal no valuation view or liquidity need. Vesting schedules on options remain standard, so no early acceleration concerns. Overall, governance risk or signaling value is negligible.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 22 | $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) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Options are fully exercisable. Options vest in four equal annual installments beginning on January 27, 2023. Options vest in three equal annual installments beginning on January 26, 2025.
