Form 4: Director Transfers BY Shares to Family Trust

Byline Bancorp Director Mary Jo S. Herseth transferred 18,500 shares of common stock to a family revocable trust for estate planning purposes.

Summary

• Mary Jo S. Herseth, a Director of Byline Bancorp, Inc. (BY), reported a change in beneficial ownership.
• On December 10, 2025, Herseth transferred 18,500 shares of common stock from direct ownership to indirect ownership.
• The indirect ownership is through The Herseth Family Revocable Trust Dated 12/02/25.
• This transaction is for estate planning purposes and does not represent a change in the director's total beneficial ownership of the shares.

Sentiment

Score: 5

Explanation: Neutral, as the filing reports a personal estate planning transaction by a director, which has no direct positive or negative impact on the company's operational or financial performance.

Positives

• The transaction is for estate planning, indicating a structured approach to personal asset management by a director.
• No sale of shares occurred, maintaining the director's overall beneficial interest in the company.

Future Outlook

This filing does not contain forward-looking statements or guidance related to the company's future performance.

Industry Context

This is a routine insider transaction for estate planning purposes and does not reflect broader industry trends or competitive positioning. Such transfers are common among executives and directors for personal financial management.

Related Party Transactions

• Mary Jo S. Herseth transferred 18,500 shares of common stock to The Herseth Family Revocable Trust Dated 12/02/25, which is considered a related party due to the director's familial connection.

Stakeholder Impact

• Shareholders: The transaction is an internal transfer for estate planning and does not change the director's overall beneficial ownership, thus having a minimal direct impact on other shareholders.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders as the transaction is a personal financial arrangement of a director.

Key Dates

Recommendation

This Form 4 reports a non-event for the company's operational or financial performance. The transfer of shares by a director to a family trust for estate planning purposes does not alter the director's overall beneficial ownership and is a personal financial decision. It provides no new information to warrant a change in investment recommendation for Byline Bancorp, Inc. Therefore, a 'hold' recommendation is maintained, pending further company-specific or market-wide developments.

Keywords

Byline Bancorp, BY, Form 4, Insider Transaction, Beneficial Ownership, Estate Planning, Director, Common Stock, Trust