ServisFirst director sells 14,715 SFBS shares
ServisFirst Bancshares director Christopher J. Mettler reported multiple open-market sales of company common stock.
Rhea-AI Filing Summary
ServisFirst Bancshares director Christopher J. Mettler reported multiple open-market sales of company common stock. Across seven transactions from late November through December 24, 2024, he sold a total of 14,715 shares at prices between $85.54 and $96.25 per share. Following these sales, he directly holds 3,505 shares of common stock, which include 784 restricted stock awards scheduled to vest 100% on 05/19/2025. One transaction used a weighted average sale price, reflecting execution across several prices within a narrow range.
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Insider Trade Summary
Net Seller: 14,715 shares
Net Sell
7 txns
Insider
Mettler Christopher J
Role
Director
Sold
14,715 shs ($1.36M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,500 | $86.50 | $130K |
| Sale | Common Stock | 1,805 | $87.14 | $157K |
| Sale | Common Stock | 1,000 | $85.54 | $86K |
| Sale | Common Stock | 2,500 | $93.00 | $233K |
| Sale | Common Stock | 4,000 | $96.25 | $385K |
| Sale | Common Stock | 556 | $96.25 | $54K |
| Sale | Common Stock | 3,354 | $94.20 | $316K |
Holdings After Transaction:
Common Stock — 3,505 shares (Direct)
Footnotes (2)
- F1. The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions ranging in price from $86.91 to $87.42, inclusive. The reporting person undertakes to provide ServisFirst Bancshares, Inc., any security holder of ServisFirst Bancshares, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price set forth in this footnote to this Form 4.
- F2. Includes 784 restricted stock awards which vest 100% in one year from the award date, 05/19/2025.
Key Figures
Total shares sold: 14,715 shares
Highest sale price: $96.25 per share
Lowest sale price: $85.54 per share
+3 more
6 metrics
Total shares sold
14,715 shares
Net open-market sales from Nov 21–Dec 24, 2024
Highest sale price
$96.25 per share
Open-market sales on Dec 10 and Dec 11, 2024
Lowest sale price
$85.54 per share
Open-market sale on Dec 19, 2024
Shares after transactions
3,505 shares
Direct holdings after Dec 24, 2024 sales
Restricted stock awards
784 shares
Awards vest 100% on 05/19/2025
Single-day largest sale
4,000 shares
Open-market sale on Dec 11, 2024 at $96.25
Key Terms
weighted average price, restricted stock awards, open-market sale, Form 4
4 terms
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock awards financial
"Includes 784 restricted stock awards which vest 100% in one year"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"set forth in this footnote to this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SFBS director Christopher J. Mettler report?
Christopher J. Mettler reported a series of open-market sales of ServisFirst Bancshares common stock. Over seven transactions, he sold 14,715 shares at various prices between $85.54 and $96.25 per share, as disclosed in his Form 4 filing.
What does the Form 4 say about SFBS restricted stock awards held by the director?
The filing notes that the director’s holdings include 784 restricted stock awards. These awards will vest 100% one year from the award date, specifically on May 19, 2025, adding to his direct ownership once they fully vest if they are still outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
