WESTAMERICA BANCORPORATION (WABC) SVP exercises 10,200 options at $49.70

Rhea-AI Filing Summary

WESTAMERICA BANCORPORATION executive Robert James Baker Jr., SVP and Banking Division Manager, reported an option exercise involving company stock. He exercised 10,200 non-qualified stock options, each with an exercise price of $49.70 per share, converting derivative rights into common stock.

After this activity, he held 3,729.514 shares of common stock indirectly through an ESOP and no common shares directly. He also retained 5,100 non-qualified stock options following the transaction, which continue to provide potential future equity exposure.

Insider Trade Summary

10,200 shares exercised/converted

Mixed 3 txns

Insider Baker Robert James Jr

Role SVP/Banking Division Manager

Type	Security	Shares	Price	Value
Exercise	Non-qualified Stock Option (Right to Buy)	10,200	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 5,100 shares (Direct, null); Common Stock — 0 shares (Direct, null); Common Stock — 3,729.514 shares (Indirect, ESOP)

Footnotes (1)

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Key Figures

Options exercised: 10,200 shares Exercise price: $49.70 per share Options remaining: 5,100 options +2 more

5 metrics

Options exercised 10,200 shares Non-qualified stock options exercised on 2026-05-01

Exercise price $49.70 per share Non-qualified stock option strike price

Options remaining 5,100 options Non-qualified stock options after transaction

Indirect ESOP shares 3,729.514 shares Common stock held indirectly through ESOP after transaction

Direct common shares 0 shares Directly held common stock after transaction

Key Terms

Non-qualified Stock Option (Right to Buy), ESOP, Exercise or conversion of derivative security, indirect ownership

4 terms

Non-qualified Stock Option (Right to Buy) financial

"security_title: "Non-qualified Stock Option (Right to Buy)""

ESOP financial

"nature_of_ownership: "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.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

indirect ownership financial

"ownership_type: "indirect" for ESOP-held common stock"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Baker Robert James Jr

(Last) (First) (Middle)

4550 MANGELS BLVD

(Street)

FAIRFIELD CALIFORNIA 94534

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WESTAMERICA BANCORPORATION [ WABC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP/Banking Division Manager

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								0	D
Common Stock								3,729.514	I	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-qualified Stock Option (Right to Buy)(1)	$49.7	05/01/2026		M			10,200	01/25/2025	01/25/2034	Common Stock	10,200	$0	5,100	D

Explanation of Responses:

1. Options vest ratably over three years beginning one year from date of grant.

	/s/Robert James Baker, Jr.	05/01/2026
	** Signature of Reporting Person	Date
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 activity did WESTAMERICA BANCORPORATION (WABC) report for Robert James Baker Jr?

WESTAMERICA BANCORPORATION reported that executive Robert James Baker Jr. exercised non-qualified stock options. He converted 10,200 derivative rights into common stock at a fixed exercise price, reflecting a compensation-related equity transaction rather than an open-market share purchase or sale.

How many WESTAMERICA BANCORPORATION (WABC) stock options did the executive exercise and at what price?

The executive exercised 10,200 non-qualified stock options with an exercise price of $49.70 per share. This transaction converted option rights into WESTAMERICA BANCORPORATION common stock at the predetermined strike price specified when the options were granted.

What WESTAMERICA BANCORPORATION (WABC) holdings does the Form 4 show after the option exercise?

After the reported activity, the filing shows 3,729.514 WESTAMERICA BANCORPORATION common shares held indirectly through an ESOP and zero directly held common shares. It also shows 5,100 non-qualified stock options remaining, providing additional potential future exposure to the company’s stock.

Did the WESTAMERICA BANCORPORATION (WABC) Form 4 disclose any open-market stock sales by the executive?

The Form 4 describes an option exercise and updated holdings, without reporting any open-market sales transactions. The primary coded transaction is an option exercise, while the other entries update direct and indirect ownership balances in WESTAMERICA BANCORPORATION common stock.

What does ESOP ownership mean in the WESTAMERICA BANCORPORATION (WABC) filing?

The filing shows 3,729.514 WESTAMERICA BANCORPORATION shares held indirectly through an ESOP. ESOP indicates an employee stock ownership plan, meaning the shares are tied to an employee benefit program rather than being held solely in a regular personal brokerage account.