Zions Bancorporation (ZION) EVP exercises 1,519 options, sells shares

Rhea-AI Filing Summary

Eric Ellingsen, Executive VP and Division CEO of Zions Bancorporation, reported an option exercise and matching share sale. On February 2, 2026, he exercised stock options for 1,519 shares of common stock at $51.17 per share and acquired those shares.

On the same date, he sold 1,519 common shares at $61.265 per share, leaving him with 40,361 shares of common stock held directly after the transactions. The exercised stock option, with a graded vesting schedule, covered 1,519 underlying shares and now shows zero remaining derivative securities.

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
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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^*

Ellingsen Eric

(Last) (First) (Middle)

ONE SOUTH MAIN STREET, 11TH FLOOR

(Street)

SALT LAKE CITY UT 84133-1109

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ [ ZION ]

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

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Executive VP &		Division CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/02/2026		M		1,519	A	$51.17	41,880	D
Common Stock	02/02/2026		S		1,519	D	$61.265	40,361	D

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
Stock Option (right to buy)	$51.17	02/02/2026		M			1,519	(1)	02/28/2026	Common Stock	1,519	$51.17	0	D

Explanation of Responses:

1. Grant has a graded vesting schedule. Date exercisable will vary for each vesting tranche.

Remarks:

	By Rena Miller as attorney in fact	02/02/2026
	** 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.

FAQ

What insider transaction did Eric Ellingsen report for ZION?

Eric Ellingsen reported exercising stock options for 1,519 Zions Bancorporation common shares and selling 1,519 shares. The Form 4 shows both the option exercise and the sale occurring on February 2, 2026, with resulting direct ownership of 40,361 shares.

How many Zions Bancorporation shares does Eric Ellingsen own after this Form 4?

After the reported transactions, Eric Ellingsen directly owns 40,361 shares of Zions Bancorporation common stock. This figure reflects the impact of exercising 1,519 options and selling 1,519 shares on February 2, 2026, as disclosed in the filing.

What prices were reported in Eric Ellingsen’s ZION stock transactions?

The Form 4 reports an option exercise price of $51.17 per share for 1,519 Zions Bancorporation shares and a sale price of $61.265 per share for 1,519 shares. Both transactions took place on February 2, 2026, and are held directly.

What type of derivative security did Eric Ellingsen exercise at Zions Bancorporation?

He exercised a stock option (right to buy) covering 1,519 shares of Zions Bancorporation common stock at an exercise price of $51.17 per share. The option had a graded vesting schedule and showed zero derivative securities remaining after the exercise.

When did the insider transactions for Zions Bancorporation take place?

All reported transactions occurred on February 2, 2026. On that date, Eric Ellingsen exercised stock options for 1,519 shares at $51.17 and sold 1,519 common shares at $61.265, resulting in 40,361 directly owned shares afterward.

What is meant by a graded vesting schedule in Ellingsen’s ZION stock option?

A graded vesting schedule means portions of the stock option become exercisable at different times rather than all at once. The footnote explains that the date exercisable varies for each vesting tranche of the 1,519-share stock option Ellingsen exercised.