Form 4: Southern California Bancorp Director Exercises Stock Options
SEC Form 4 Filing
John Farkash, a director at Southern California Bancorp, exercised stock options resulting in the acquisition of 7,500 shares of common stock.
Summary
- On February 24, 2024, John Farkash, a director of Southern California Bancorp, exercised stock options.
- This transaction resulted in the acquisition of 7,500 shares of common stock at a price of $6.37 per share.
- Following the transaction, Farkash directly owns 591,919 shares of common stock.
- Farkash also indirectly owns 2,404,262 shares through the JOHN FARKASH & HEIDI ELLEN FARKASH TR UA 11/19/2011.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) trade in the company's stock. This filing indicates a director's activity in exercising stock options.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares, but it's unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 11/19/2011 | Date of JOHN FARKASH & HEIDI ELLEN FARKASH TR UA |
| 02/24/2024 | Date of stock option exercise and acquisition of shares |
| 02/27/2024 | Date of signature on the Form 4 filing |
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