Westamerica Bancorporation (WABC) holder files to sell 29,400 shares via option exercise

Rhea-AI Filing Summary

Westamerica Bancorporation is the issuer of common stock that shareholder Robert James Baker Jr. plans to sell pursuant to a Form 144 notice. The planned sale covers 29,400 shares of common stock, with an aggregate market value of $1,802,007.00, on or after 07/20/2026 through NASDAQ, using Charles Schwab & Co., Inc. as broker. The sale is tied to an employee stock option exercise structured as a broker payment for a cashless exercise. During the prior three months, Baker sold 759 shares for $40,860.00 on 04/20/2026 and 10,200 shares for $563,957.00.

Key Figures

Shares to be sold: 29,400 shares Aggregate market value of planned sale: $1,802,007.00 Shares outstanding: 23,487,955 shares +4 more

7 metrics

Shares to be sold 29,400 shares Common stock planned for sale on or after 07/20/2026

Aggregate market value of planned sale $1,802,007.00 Value of 29,400 common shares to be sold

Shares outstanding 23,487,955 shares Outstanding Westamerica Bancorporation common shares listed in the filing

Past sale 1 value $40,860.00 Sale of 759 shares on 04/20/2026

Past sale 1 shares 759 shares Sold on 04/20/2026 by Robert James Baker Jr.

Past sale 2 value $563,957.00 Sale of 10,200 shares on 05/01/2026

Past sale 2 shares 10,200 shares Sold on 05/01/2026 by Robert James Baker Jr.

Key Terms

Form 144, employee stock option exercise, cashless exercise, aggregate market value

4 terms

Form 144 regulatory

"plans to sell pursuant to a Form 144 notice"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

employee stock option exercise financial

"The sale is tied to an employee stock option exercise"

cashless exercise financial

"structured as a broker payment for a cashless exercise"

A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.

aggregate market value financial

"with an aggregate market value of $1,802,007.00"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/20/2026 - 04:59 PM Accepted by SEC EDGAR 07/20/2026 - 04:58 PM Learn about SEC filing dates

FAQ

What share sale is disclosed for Westamerica Bancorporation (WABC)?

A Form 144 notice discloses a planned sale of 29,400 shares of Westamerica Bancorporation common stock, with an aggregate market value of $1,802,007.00, to be sold on or after 07/20/2026 through NASDAQ.

Who is the selling security holder in this Westamerica Bancorporation (WABC) Form 144?

The selling security holder is Robert James Baker Jr.. He filed to sell 29,400 shares of Westamerica Bancorporation common stock related to an employee stock option exercise using a broker-facilitated cashless exercise structure.

How many Westamerica Bancorporation (WABC) shares are outstanding in this filing?

The filing lists 23,487,955 shares of Westamerica Bancorporation common stock as outstanding. This figure provides context for the planned sale of 29,400 shares, which represents only a small portion of the total shares outstanding.

What recent Westamerica Bancorporation (WABC) share sales has Robert James Baker Jr. reported?

In the past three months, Robert James Baker Jr. reported selling 759 shares for $40,860.00 on 04/20/2026 and 10,200 shares for $563,957.00, as reflected in the Form 144 past sales section.

How will the planned Westamerica Bancorporation (WABC) share sale be executed?

The planned sale of 29,400 shares will be executed through Charles Schwab & Co., Inc. on NASDAQ. It is associated with an employee stock option exercise and structured as a broker payment for cashless exercise on or after 07/20/2026.

What is the aggregate market value of the Westamerica Bancorporation (WABC) shares to be sold?

The aggregate market value of the 29,400 shares of Westamerica Bancorporation common stock covered by this Form 144 is listed as $1,802,007.00, based on the market price information used in the filing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	29400	1802007.00	23487955	07/20/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/20/2026	Employee Stock Option Exercise	WESTAMERICA BANCORPORATION			29400	07/20/2026	Broker Payment for Cashless Exercise

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Robert James Baker Jr 1108 FIFTH AVE SAN RAFAEL CA 94901	WESTAMERICA BANCORPORATION	04/20/2026	759	40860.00
Robert James Baker Jr 1108 FIFTH AVE SAN RAFAEL CA 94901	WESTAMERICA BANCORPORATION	05/01/2026	10200	563957.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)