Form 4: Bank7 Corp. Executive Levinson Exercises Options and Sells Shares
SEC Form 4
Andrew J. Levinson, Regional President Tulsa at Bank7 Corp., executed stock options and sold shares of common stock between July 16 and July 18, 2024.
Summary
- Andrew J. Levinson, a Regional President at Bank7 Corp., filed a Form 4 detailing changes in beneficial ownership.
- Between July 16 and July 18, 2024, Levinson exercised employee stock options to acquire shares of Bank7 Corp. common stock.
- Concurrently, Levinson sold portions of these shares on the open market.
- The exercise prices for the options were $16.67 and $18.49 per share.
- The sale prices ranged from $36.00 to $37.0353 per share.
- After these transactions, Levinson directly owns 46,422 shares of Bank7 Corp. common stock.
- These holdings include restricted stock units vesting over several years and employee stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with neutral sentiment.
Industry Context
Executive stock option exercises and sales are common in publicly traded companies as part of compensation packages and wealth management strategies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 01/06/2021 | Start date for vesting of some restricted stock units and employee stock options. |
| 10/30/2021 | Start date for vesting of some restricted stock units. |
| 12/17/2022 | Start date for vesting of some restricted stock units. |
| 02/04/2020 | Start date for vesting of some employee stock options. |
| 02/15/2024 | Vesting date for some restricted stock units. |
| 07/16/2024 | Date of first transaction: exercising options and selling shares. |
| 07/17/2024 | Date of second transaction: exercising options and selling shares. |
| 07/18/2024 | Date of third transaction: exercising options and selling shares; Date of Form 4 filing. |
| 02/04/2029 | Expiration date for some employee stock options. |
| 01/06/2030 | Expiration date for some employee stock options. |
| 02/15/2031 | Final vesting date for some restricted stock units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.