Stellar Bancorp (STEL) banking chief exercises 30K stock options, holds 65K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stellar Bancorp, Inc. Chief Banking Officer Jason D. Sirkel exercised stock options to acquire 30,000 shares of common stock at $21.00 per share on June 17, 2026. This moved his direct common stock holdings to 65,535 shares.
The exercised options were fully converted into common stock, leaving no remaining shares under this particular employee stock option grant, which had an original expiration date in July 2027. The Form 4 shows an exercise-and-hold transaction with no reported open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,000 shares exercised/converted
Mixed
2 txns
Insider
Sirkel Jason D.
Role
Chief Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 30,000 | $0.00 | -- |
| Exercise | Common Stock | 30,000 | $21.00 | $630K |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 65,535 shares (Direct, null)
Footnotes (1)
Key Figures
Options exercised: 30,000 shares
Exercise price: $21.00 per share
Shares held after: 65,535 shares
+1 more
4 metrics
Options exercised
30,000 shares
Employee stock options converted to common stock on June 17, 2026
Exercise price
$21.00 per share
Conversion or exercise price for 30,000 options
Shares held after
65,535 shares
Total direct Stellar Bancorp common stock after transaction
Option expiration
July 31, 2027
Original expiration date of exercised employee stock option grant
Key Terms
Employee Stock Option (right to buy), derivative security, Chief Banking Officer
3 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Chief Banking Officer financial
"officer_title: "Chief Banking Officer""
FAQ
What did Stellar Bancorp (STEL) officer Jason Sirkel report in this Form 4?
Jason D. Sirkel reported exercising employee stock options to acquire 30,000 Stellar Bancorp common shares at $21.00 per share. Following this transaction, his direct ownership increased to 65,535 common shares, with no open-market sale reported in the filing.
What type of transaction did Jason Sirkel report for Stellar Bancorp (STEL)?
The filing shows a derivative exercise, where employee stock options were exercised and converted into common stock. The transaction is coded “M,” indicating exercise or conversion of a derivative security rather than an open-market purchase or sale of shares.
At what price were Jason Sirkel’s Stellar Bancorp (STEL) options exercised?
The employee stock options were exercised at a conversion or exercise price of $21.00 per share. This price applied to 30,000 underlying Stellar Bancorp common shares associated with the option grant that originally expired in July 2027.