Form 4: Capital Bancorp Director Exercises Stock Options
SEC Form 4
Director Joshua Bernstein exercised stock options of Capital Bancorp Inc. on April 22, 2024.
Summary
- On April 22, 2024, Joshua Bernstein, a director of Capital Bancorp Inc., exercised 938 common stock options at a price of $13.89.
- Following the transaction, Bernstein directly owns 83,209 shares of common stock.
- Bernstein also indirectly owns 324,000 shares through Norman Bernstein, 154,400 shares through SandBern Ventures, LLC, and 303,200 shares through Bernstein Fund Limited Partnership.
- After exercising the options, Bernstein directly owns 936 stock options with an exercise price of $13.89.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock option exercise, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a director's decision to exercise existing stock options.
Key Dates
| Date | Description |
|---|---|
| 12/30/2020 | Date of grant for 1,750 stock options with an exercise price of $14.54, vesting in four equal annual installments beginning on the first anniversary of the date of grant, and expiring on 12/30/2024. |
| 12/31/2021 | Date of grant for 938 stock options with an exercise price of $13.89, vesting in four equal annual installments beginning on the first anniversary of the date of grant, and expiring on 12/31/2025. |
| 12/31/2022 | Date of grant for 2,250 stock options with an exercise price of $26.41, vesting in four equal annual installments beginning on the first anniversary of the date of grant, and expiring on 12/31/2026. |
| 01/01/2024 | Date of grant for 2,788 stock options with an exercise price of $23.54, vesting in four equal annual installments beginning on the first anniversary of the date of grant, and expiring on 01/01/2028. |
| 01/01/2025 | Date of grant for 3,400 stock options with an exercise price of $24.2, vesting in four equal annual installments beginning on the first anniversary of the date of grant, and expiring on 01/01/2029. |
| 04/22/2024 | Joshua Bernstein exercised 938 stock options at $13.89. |
| 04/24/2024 | Date of signature on the Form 4 filing. |
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