Form 4: Bank7 CFO Sells Shares for Tax Obligations
Insider Transaction Report
Bank7 Corp.'s EVP and CFO, Kelly J. Harris, reported a disposition of 327 common shares valued at $44.78 each, primarily for tax purposes.
Summary
- Kelly J. Harris, Executive Vice President and Chief Financial Officer of Bank7 Corp. (BSVN), reported a transaction involving the company's common stock.
- On December 17, 2025, Harris disposed of 327 shares of common stock, par value $0.01 per share, at a price of $44.78 per share.
- This disposition was coded as 'F', indicating it was for the payment of tax liability incident to the receipt, exercise, or vesting of a security.
- Following this transaction, Harris beneficially owns 17,256 shares of common stock directly.
- The beneficial ownership includes several grants of restricted stock units (RSUs) with future vesting schedules:
- 1,191 RSUs vesting in three equal installments on July 29, 2026, 2027, and 2028.
- 3,237 RSUs vesting in three equal installments on February 15, 2026, 2027, and 2028.
- 2,692 RSUs (from an original grant of 4,038) vesting in three equal installments on February 15, 2025, 2026, and 2027.
- 1,510 RSUs (from an original grant of 4,530) vesting in three equal installments on February 15, 2024, 2025, and 2026.
Sentiment
Score: 5
Explanation: A routine insider transaction for tax purposes, not indicative of significant positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
The filing indicates future vesting events for restricted stock units held by the EVP and CFO, scheduled to occur in installments through July 2028.
Industry Context
This Form 4 filing details a routine insider transaction, specifically a disposition of shares for tax purposes, which is a common occurrence for executives receiving equity compensation. It does not reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, tax-related disposition of a relatively small number of shares by an executive, not signaling a change in company fundamentals or executive confidence.
Next Steps
- Vesting of 1,191 restricted stock units in three equal installments on July 29, 2026, 2027, and 2028.
- Vesting of 3,237 restricted stock units in three equal installments on February 15, 2026, 2027, and 2028.
- Vesting of 2,692 restricted stock units in three equal installments on February 15, 2025, 2026, and 2027.
- Vesting of 1,510 restricted stock units in three equal installments on February 15, 2024, 2025, and 2026.
Key Dates
| Date | Description |
|---|---|
| February 15, 2024 | First installment vesting date for a portion of 1,510 restricted stock units. |
| February 15, 2025 | First installment vesting date for a portion of 2,692 restricted stock units; second installment vesting date for a portion of 1,510 restricted stock units. |
| February 15, 2026 | First installment vesting date for a portion of 3,237 restricted stock units; second installment vesting date for a portion of 2,692 restricted stock units; third installment vesting date for a portion of 1,510 restricted stock units. |
| July 29, 2026 | First installment vesting date for a portion of 1,191 restricted stock units. |
| February 15, 2027 | Second installment vesting date for a portion of 3,237 restricted stock units; third installment vesting date for a portion of 2,692 restricted stock units. |
| July 29, 2027 | Second installment vesting date for a portion of 1,191 restricted stock units. |
| February 15, 2028 | Third installment vesting date for a portion of 3,237 restricted stock units. |
| July 29, 2028 | Third installment vesting date for a portion of 1,191 restricted stock units. |
| December 17, 2025 | Date of common stock disposition by Kelly J. Harris and filing date of the Form 4. |
Recommendation
holdThis Form 4 reports a routine disposition of shares by an executive for tax purposes, which is a common occurrence with equity compensation. It does not indicate any change in the company's fundamentals or the executive's long-term view, thus a 'hold' recommendation is appropriate based solely on this filing.
Keywords
Bank7 Corp, BSVN, Form 4, insider transaction, beneficial ownership, restricted stock units, CFO, equity disposition, tax withholding
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