Form 4: Bank7 Regional President Sells Shares for Tax Obligations
Insider Transaction Report
Bank7 Corp.'s Regional President, Andrew J. Levinson, disposed of 327 shares of common stock to cover tax withholding obligations at a price of $44.78 per share.
Summary
- Andrew J. Levinson, Regional President Tulsa of Bank7 Corp., reported a transaction on December 17, 2025.
- He disposed of 327 shares of Bank7 Corp. common stock at a price of $44.78 per share.
- This disposition was coded as 'F', indicating a payment of tax liability by delivering or withholding securities.
- Following this transaction, Levinson beneficially owns 46,761 shares of common stock directly.
- His beneficial ownership includes 3,000 restricted stock units that vest in four equal installments on February 15, 2026, 2027, 2028, and 2029.
- It also includes 3,750 restricted stock units from an original grant of 5,000, with installments vesting on February 15, 2025, 2026, 2027, and 2028.
- Additionally, 18,750 restricted stock units from an original grant of 25,000 are included, with installments vesting on February 15, 2024, 2025, 2026, 2027, 2028, 2029, 2030, and 2031.
Sentiment
Score: 5
Explanation: The filing reports a routine disposition of shares by an insider to cover tax withholding obligations, which is a neutral event and does not reflect on the company's operational performance or future prospects.
Positives
- Reporting Person Andrew J. Levinson continues to hold a substantial number of shares (46,761) and restricted stock units, indicating continued alignment with shareholder interests.
- The transaction was a routine disposition for tax withholding, not a discretionary sale.
Negatives
- No direct negative implications for the company's operations or financial health are indicated by this routine tax-related transaction.
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Minimal impact as it is a routine tax-related transaction by an insider, not a discretionary sale. The insider retains a significant stake.
Next Steps
- Future vesting of restricted stock units on various dates between February 15, 2024, and February 15, 2031.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | First vesting installment for 18,750 restricted stock units (from original 25,000 grant). |
| 02/15/2025 | Vesting installment for 3,750 restricted stock units (from original 5,000 grant) and 18,750 restricted stock units (from original 25,000 grant). |
| 12/17/2025 | Date of transaction (disposition of shares). |
| 02/15/2026 | Vesting installment for 3,000 restricted stock units, 3,750 restricted stock units, and 18,750 restricted stock units. |
| 02/15/2027 | Vesting installment for 3,000 restricted stock units, 3,750 restricted stock units, and 18,750 restricted stock units. |
| 02/15/2028 | Vesting installment for 3,000 restricted stock units, 3,750 restricted stock units, and 18,750 restricted stock units. |
| 02/15/2029 | Vesting installment for 3,000 restricted stock units and 18,750 restricted stock units. |
| 02/15/2030 | Vesting installment for 18,750 restricted stock units. |
| 02/15/2031 | Vesting installment for 18,750 restricted stock units. |
Recommendation
holdThis Form 4 reports a routine disposition of shares by an insider to satisfy tax withholding obligations related to equity compensation. Such transactions are common and do not typically signal a change in the company's fundamentals or the insider's confidence. The insider retains a substantial beneficial ownership, including significant restricted stock units, suggesting continued alignment with the company's long-term performance. Therefore, the filing itself does not provide a basis for a change in investment recommendation.
Keywords
Bank7 Corp, BSVN, Form 4, insider transaction, stock disposition, restricted stock units, executive compensation, tax withholding
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