Form 4: Capital Bancorp Director Boosts Stake via Option Exercise
Insider Transaction Report
Capital Bancorp Inc. Director Fred Joseph Lewis acquired 3,750 shares of common stock through the exercise of stock options at $13.89 per share, increasing his direct ownership.
Summary
- Fred Joseph Lewis, a Director of Capital Bancorp Inc. (CBNK), reported a transaction on November 18, 2025.
- Lewis acquired 3,750 shares of Capital Bancorp Common Stock by exercising stock options at a price of $13.89 per share.
- Following this transaction, Lewis directly beneficially owns 31,310 shares of Common Stock.
- Lewis also indirectly beneficially owns 16,672 shares of Common Stock through Dominion Insurance Inc.
- Lewis holds various stock options with exercise prices ranging from $13.89 to $30.51, and vesting dates from 2021 to 2026.
- Lewis also holds 1,081 Restricted Stock Units (RSUs) which are scheduled to vest on March 3, 2026.
Sentiment
Score: 6
Explanation: Slightly positive as a director is increasing their direct ownership in the company, which can be interpreted as a sign of confidence. However, it's a routine option exercise, so the impact is limited.
Positives
- Increased direct beneficial ownership by a director, signaling confidence in the company's future prospects.
- The exercise price of $13.89 is below current market value (implied, as options are typically exercised when in-the-money), indicating a profitable transaction for the insider.
Future Outlook
NA
Industry Context
This transaction reflects routine insider activity within the financial services sector, where executives and directors often exercise vested equity awards as part of their compensation and investment strategies. It does not inherently indicate broader industry trends or competitive shifts.
Related Party Transactions
- Fred Joseph Lewis indirectly beneficially owns 16,672 shares of Common Stock through Dominion Insurance Inc.
Stakeholder Impact
- Shareholders: Increased insider ownership may be viewed positively as a sign of management's alignment with shareholder interests.
Next Steps
- The remaining stock options will continue to vest in four equal annual installments from their respective grant dates.
- The 1,081 Restricted Stock Units are scheduled to vest on March 3, 2026.
Key Dates
| Date | Description |
|---|---|
| 12/31/2021 | First vesting date for a tranche of stock options with an exercise price of $13.89. |
| 12/31/2022 | First vesting date for a tranche of stock options with an exercise price of $26.41. |
| 01/01/2024 | First vesting date for a tranche of stock options with an exercise price of $23.54. |
| 01/01/2025 | First vesting date for a tranche of stock options with an exercise price of $24.20. |
| 11/18/2025 | Date of stock option exercise and common stock acquisition. |
| 12/31/2025 | Expiration date for a tranche of stock options with an exercise price of $13.89. |
| 03/03/2026 | Vesting date for 1,081 Restricted Stock Units and first vesting date for a tranche of stock options with an exercise price of $30.51. |
| 12/31/2026 | Expiration date for a tranche of stock options with an exercise price of $26.41. |
| 01/01/2028 | Expiration date for a tranche of stock options with an exercise price of $23.54. |
| 01/01/2029 | Expiration date for a tranche of stock options with an exercise price of $24.20. |
| 03/03/2030 | Expiration date for a tranche of stock options with an exercise price of $30.51. |
| 11/20/2025 | Signature date of the reporting person for the filing. |
Keywords
Capital Bancorp Inc., CBNK, Insider Transaction, Form 4, Stock Options, Director, Equity Acquisition, Beneficial Ownership, Restricted Stock Units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.