Form 4: BOKF Director Sells Shares Under 10b5-1 Plan

BOK Financial Corp Director Steven Bangert sold 3,800 shares of common stock for approximately $523,000 in pre-scheduled transactions.

Summary

• Steven Bangert, a Director of BOK Financial Corp (BOKF), reported sales of common stock.
• On January 22, 2026, Bangert sold 2,500 shares directly at a price of $137.71 per share.
• On the same date, an additional 1,300 shares were sold indirectly through Bangert Family Investments, LLLP, at a price of $137.91 per share.
• The total value of the shares sold across both transactions is approximately $523,558.
• These transactions were executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following these reported transactions, Bangert directly owns 34,916 shares and indirectly owns 10,936 shares.

Sentiment

Score: 4

Explanation: The sale of shares by a director is typically viewed as a minor negative signal. However, the disclosure that the transactions were made pursuant to a Rule 10b5-1 plan suggests a pre-arranged sale, which reduces the implication that the insider is selling due to negative undisclosed information about the company. This makes the event less impactful than an unscheduled sale.

Positives

• Transactions were executed under a Rule 10b5-1 plan, indicating a pre-scheduled sale rather than a reaction to new, non-public information.

Negatives

• A director sold a total of 3,800 shares of common stock.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Sale of 1,300 shares by Bangert Family Investments, LLLP, an entity indirectly beneficially owned by Steven Bangert.

Stakeholder Impact

• Shareholders: May interpret the director's sale as a slight negative signal, though mitigated by the 10b5-1 plan.

Key Dates

Recommendation

The filing reports a routine insider sale under a pre-arranged 10b5-1 plan. While insider sales can sometimes be a negative signal, the pre-scheduled nature of these transactions suggests they are not based on new, material non-public information. Therefore, this specific filing alone does not provide sufficient new information to warrant a change from a 'hold' recommendation, assuming the investor's existing thesis remains intact.

Keywords

BOK Financial Corp, BOKF, Steven Bangert, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan, Beneficial Ownership