Form 4: Byline Bancorp Executive Exercises Stock Options, Increases Net Holdings

Megan Biggam, EVP Head of Community Banking at Byline Bancorp, exercised stock options and sold shares to cover taxes, resulting in a net increase in her direct common stock holdings.

Summary

• Megan Biggam, EVP Head of Community Banking at Byline Bancorp, Inc. (BY), reported transactions on June 20, 2025, involving the exercise of stock options and subsequent share dispositions.
• She exercised stock options to acquire a total of 36,561 shares of common stock at an exercise price of $11.18 per share.
• Concurrently, she disposed of 22,250 shares of common stock at a price of $25.05 per share, primarily to cover tax liabilities and/or exercise costs associated with the option exercise.
• Following these transactions, her direct beneficial ownership of Byline Bancorp common stock increased to 31,941 shares.
• All previously held stock options with an exercise price of $11.18 and an expiration date of June 26, 2025, have been fully exercised.

Sentiment

Score: 7

Explanation: The net increase in insider holdings, even after tax-related sales, suggests a positive sentiment from the executive regarding the company's future prospects. The options were significantly in-the-money, indicating past stock performance.

Positives

• The executive increased her direct beneficial ownership of common stock by a net of 14,311 shares (36,561 acquired 22,250 disposed), indicating continued confidence in the company's future.
• The exercise of options at $11.18 and the concurrent sale of shares at $25.05 demonstrate a significant in-the-money value for the options, reflecting past stock price appreciation.

Negatives

• A portion of the acquired shares (22,250 shares) were immediately sold, which is a common practice for tax withholding but reduces the total increase in direct ownership.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is specific to Byline Bancorp and does not directly provide broader industry trends. However, insider buying (or net buying, as in this case) can sometimes be seen as a positive signal within the banking sector, indicating management's belief in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are specific to individual insider transactions and do not typically provide data for direct comparison to industry-wide financial benchmarks or competitor performance.
• The transaction reflects an individual executive's compensation and investment decisions within Byline Bancorp, rather than a comparative operational or financial result.

Stakeholder Impact

• Shareholders: The net increase in insider ownership could be viewed positively as a sign of management confidence in the company's future performance.
• Employees: No direct impact on employees is mentioned in this filing.
• Customers: No direct impact on customers is mentioned in this filing.
• Suppliers: No direct impact on suppliers is mentioned in this filing.
• Creditors: No direct impact on creditors is mentioned in this filing.

Key Dates

Keywords

Byline Bancorp, BY, SEC Form 4, Insider Trading, Stock Options, Beneficial Ownership, Executive Compensation, Megan Biggam, Financial Services, Banking