Form 4: Bank7 Corp. Executive Henry Litchfield Executes Stock Option and Sells Shares
SEC Form 4
Henry Litchfield, VP and General Counsel of Bank7 Corp., exercised stock options and sold shares of common stock on February 25, 2025.
Summary
- On February 25, 2025, Henry Litchfield, VP and General Counsel of Bank7 Corp., exercised employee stock options for 5,000 shares at $14.31 per share.
- On the same day, Litchfield sold 5,000 shares of common stock at a weighted average price of $41.5367, with prices ranging from $41.25 to $41.95.
- Following these transactions, Litchfield directly owns 13,375 shares of Bank7 Corp. common stock, which includes restricted stock units vesting over the next several years.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance, and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on their interpretation of the executive's actions.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/04/2022 | First vesting date of employee stock options. |
| 12/17/2022 | First vesting date of original grant of 1,750 restricted stock units. |
| 01/04/2023 | Second vesting date of employee stock options. |
| 12/17/2023 | Second vesting date of original grant of 1,750 restricted stock units. |
| 02/15/2024 | First vesting date of original grant of 5,000 restricted stock units. |
| 01/04/2024 | Third vesting date of employee stock options. |
| 12/17/2024 | Third vesting date of original grant of 1,750 restricted stock units. |
| 02/15/2025 | Vesting date of restricted stock units. |
| 01/04/2025 | Final vesting date of employee stock options. |
| 02/25/2025 | Date of stock option exercise and share sale. |
| 12/17/2025 | Final vesting date of original grant of 1,750 restricted stock units. |
| 02/15/2026 | Vesting date of restricted stock units. |
| 02/15/2027 | Vesting date of restricted stock units. |
| 02/15/2028 | Vesting date of restricted stock units. |
| 02/15/2029 | Final vesting date of restricted stock units. |
| 01/04/2031 | Expiration date of employee stock options. |
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