Form 4: Bank7 Corp. Executive Sells Shares for Tax Purposes

Bank7 Corp. Senior EVP John T. Phillips reported a disposition of 827 common shares, primarily for tax obligations, while maintaining significant direct and indirect holdings.

Summary

• John T. Phillips, a Director, Senior EVP, COO, and Secretary of Bank7 Corp., reported a transaction involving the company's common stock.
• On December 17, 2025, Phillips disposed of 827 shares of Bank7 Corp. common stock at a price of $44.78 per share.
• The transaction code 'F' indicates the disposition was likely for the payment of tax liability incident to the vesting of securities.
• Following this transaction, Phillips directly beneficially owns 13,242 shares of common stock.
• This direct ownership includes 1,612 restricted stock units that vest in three equal installments on July 29, 2026, 2027, and 2028.
• It also includes 4,383 restricted stock units that vest in three equal installments on February 15, 2026, 2027, and 2028.
• Additionally, 3,624 restricted stock units remain from an original grant of 5,435, with installments vesting on February 15, 2025, 2026, and 2027.
• Furthermore, 2,349 restricted stock units remain from an original grant of 7,046, with installments vesting on February 15, 2024, 2025, and 2026.
• Phillips indirectly beneficially owns 229,000 shares through the John T. Phillips Revocable Trust, where he serves as the sole trustee with voting and dispositive power.

Sentiment

Score: 7

Explanation: The transaction is a routine disposition of shares, likely for tax purposes (indicated by transaction code 'F'), rather than a discretionary sale, suggesting no negative signal regarding management's confidence in the company's future. The executive retains significant holdings.

Positives

• The transaction is identified by code 'F', suggesting it was a non-discretionary sale for tax purposes related to equity vesting, rather than a sale indicating a lack of confidence in the company.
• John T. Phillips retains significant direct beneficial ownership of 13,242 shares and substantial indirect ownership of 229,000 shares through a trust, demonstrating continued alignment with shareholder interests.

Negatives

• The disposition of 827 shares, even for tax purposes, results in a slight reduction in the executive's direct beneficial ownership.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the vesting schedules for restricted stock units.

Industry Context

This insider transaction is a routine disclosure for executives receiving equity compensation and does not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as the transaction is a routine tax-related sale and the executive retains substantial ownership, indicating continued alignment of interests.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific insider transaction.

Next Steps

• Future vesting of restricted stock units on various dates in 2026, 2027, and 2028.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares, likely for tax purposes, by a senior executive. It does not indicate a change in the company's fundamentals or management's long-term outlook, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Bank7 Corp, BSVN, John T. Phillips, insider transaction, Form 4, common stock, restricted stock units, beneficial ownership, tax liability