STOCK TITAN

Texas Community Bancshares (TCBS) CEO sells 2,100 common shares

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Texas Community Bancshares, Inc. President and CEO Jason Sobel reported an open-market sale of 2,100 shares of common stock at $17.2505 per share. After this sale, he directly holds 18,190 common shares, along with additional indirect holdings through an ESOP and an IRA.

He also holds stock options on 58,639 shares of common stock with a $13.75 exercise price, expiring in 2033, which vest at a rate of 20% per year starting on February 28, 2024. Some directly held shares include restricted stock that vests on the same schedule.

Positive

  • None.

Negative

  • None.

Insights

CEO executes a modest open-market sale while retaining a sizable equity stake and options.

President and CEO Jason Sobel sold 2,100 common shares at $17.2505 per share in an open-market transaction. Following the sale, he continues to hold 18,190 common shares directly, plus indirect holdings via an ESOP and an IRA, indicating continued equity exposure.

He also maintains stock options over 58,639 underlying shares with a $13.75 exercise price expiring in 2033, vesting 20% annually from February 28, 2024. Restricted stock within his direct holdings vests on the same schedule. Overall, this filing shows a net sale but preserves substantial long-term incentive alignment.

Insider Sobel Jason
Role President and CEO
Sold 2,100 shs ($36K)
Type Security Shares Price Value
Sale Common Stock 2,100 $17.2505 $36K
holding Stock Options -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 18,190 shares (Direct, null); Stock Options — 58,639 shares (Direct, null); Common Stock — 5,452 shares (Indirect, By IRA)
Footnotes (1)
  1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 28, 2024. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended. Stock options vest at a rate of 20% per year commencing on February 28, 2024.
Shares sold 2,100 shares Open-market sale of common stock
Sale price $17.2505 per share Price for 2,100 common shares sold
Direct common shares after sale 18,190 shares Direct ownership following the transaction
ESOP indirect holdings 2,268 shares Common stock held indirectly by ESOP
IRA indirect holdings 5,452 shares Common stock held indirectly by IRA
Stock option exercise price $13.75 per share Exercise price for stock options
Underlying shares for options 58,639 shares Common stock underlying stock options expiring 2033
Option expiration February 28, 2033 Stock option expiration date
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
ESOP financial
"nature_of_ownership: By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Section 16 regulatory
"transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Stock options financial
"Stock options vest at a rate of 20% per year"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
IRA financial
"nature_of_ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Sobel Jason

(Last)(First)(Middle)
215 WEST BROAD STREET

(Street)
MINEOLA TEXAS 75773

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Texas Community Bancshares, Inc. [ TCBS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026S2,100D$17.250518,190(1)D
Common Stock5,452IBy IRA
Common Stock2,268(2)IBy ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options$13.7502/28/202402/28/2033Common Stock58,639(3)58,639(3)D
Explanation of Responses:
1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 28, 2024.
2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
3. Stock options vest at a rate of 20% per year commencing on February 28, 2024.
/s/ Victor L. Cangelosi, pursuant to power of attorney06/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did TCBS CEO Jason Sobel report?

Jason Sobel reported selling 2,100 shares of Texas Community Bancshares common stock in an open-market transaction at $17.2505 per share. This Form 4 reflects a net sale while he maintains significant remaining direct, indirect, and option-based ownership in the company.

How many Texas Community Bancshares shares does the CEO hold after this sale?

After the reported sale, Jason Sobel directly holds 18,190 shares of Texas Community Bancshares common stock. He also has additional indirect holdings through an ESOP and an IRA, plus stock options that can convert into more common shares over time as they vest.

What stock options does the TCBS CEO retain following the reported transaction?

Jason Sobel holds stock options tied to 58,639 underlying shares of Texas Community Bancshares common stock, with a $13.75 exercise price and a 2033 expiration. These options vest 20% per year beginning February 28, 2024, providing long-term performance-based compensation exposure.

Are there any restricted stock or vesting details in this TCBS Form 4?

Yes. The filing notes that some directly held shares are restricted stock that vest 20% per year starting February 28, 2024. The CEO’s stock options follow the same 20%-per-year vesting schedule, aligning his compensation with multi-year company performance.

What indirect holdings in TCBS stock does the CEO report?

The Form 4 shows Jason Sobel has indirect Texas Community Bancshares common stock holdings through an ESOP and an IRA. One line shows 2,268 shares held by the ESOP and another shows 5,452 shares held by the IRA, both categorized as indirect ownership.

Does the TCBS Form 4 include non-reportable Section 16 transactions?

Yes. A footnote explains that some entries reflect transactions not required to be reported under Section 16 of the Securities Exchange Act of 1934. These lines function mainly as updated holding balances rather than new reportable buys or sells.