Form 4: Bank7 Corp. Executive Plans Future Stock Gift

Bank7 Corp. Senior Executive John T. Phillips filed a Form 4 reporting a planned gift of 500 shares of common stock scheduled for February 19, 2026, under a Rule 10b5-1 plan.

Summary

• John T. Phillips, a Director, 10% Owner, Sr. EVP, COO, and Secretary of Bank7 Corp. (BSVN), filed a Form 4.
• The filing reports a planned gift (transaction code "G") of 500 shares of common stock, par value $0.01 per share, scheduled for February 19, 2026.
• This transaction is being made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this planned transaction, Mr. Phillips will directly own 11,106 shares of common stock.
• This direct ownership includes 1,612 restricted stock units (RSUs) that vest in three equal installments on July 29, 2026, 2027, and 2028.
• It also includes 2,922 restricted stock units from an original grant of 4,383 RSUs, which vest in three equal installments on February 15, 2026, 2027, and 2028.
• Additionally, it includes 1,812 restricted stock units from an original grant of 5,435 RSUs, which vest in three equal installments on February 15, 2025, 2026, and 2027.
• Mr. Phillips indirectly owns 229,000 shares through the John T. Phillips Revocable Trust, for which he is the sole trustee with voting and dispositive power.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, pre-planned insider transaction (a gift) and provides details on the executive's beneficial ownership, which is a standard disclosure without significant positive or negative implications for the company's performance.

Positives

• The executive maintains a substantial beneficial ownership of 240,106 shares (11,106 direct + 229,000 indirect) even after the planned gift, indicating continued alignment with shareholder interests.
• The planned transaction is under a Rule 10b5-1 plan, which demonstrates a pre-arranged, non-discretionary approach to stock transactions.

Negatives

• The planned gift of 500 shares will slightly reduce the executive's direct beneficial ownership, though it represents a minor portion of his total holdings.

Industry Context

StockSavvy.ai notes that insider transaction reports like Form 4 provide transparency into executive stock ownership and planned transactions, which can offer insights into management's long-term commitment to the company. While a small gift is generally not a significant market event, the use of a Rule 10b5-1 plan is a common practice for executives to manage their stock holdings in compliance with insider trading regulations.

Related Party Transactions

• Mr. Phillips indirectly owns 229,000 shares through the John T. Phillips Revocable Trust, for which he is the sole trustee and has voting and dispositive power.

Stakeholder Impact

• Shareholders: Minimal impact due to the small size of the planned gift relative to the executive's total holdings and the company's overall market capitalization. The continued significant ownership by a key executive may be viewed positively as alignment of interests.

Next Steps

• The planned gift of 500 shares of common stock is scheduled to occur on February 19, 2026.
• Various tranches of restricted stock units held by Mr. Phillips are scheduled to vest on February 15, 2026, July 29, 2026, February 15, 2027, July 29, 2027, February 15, 2028, and July 29, 2028.

Key Dates

Keywords

Bank7 Corp, BSVN, Form 4, Insider Transaction, Stock Ownership, Executive Compensation, Restricted Stock Units, Rule 10b5-1 Plan