4/A: Capital Bancorp Inc. Director James F. Whalen Amends Ownership Details After Option Exercises
SEC Filing
James F. Whalen, a director at Capital Bancorp Inc., amended a previous filing to clarify the nature of ownership of common stock and derivative securities following option exercises on June 24, 2024.
Summary
- James F. Whalen, a director of Capital Bancorp Inc., filed an amendment to a previous Form 4 filing.
- The amendment clarifies the nature of ownership of common stock and derivative securities.
- On June 24, 2024, Whalen exercised stock options to acquire 7,000 shares at $14.54 and 3,750 shares at $13.89.
- The amendment changes the nature of ownership for 664,804 shares to indirect ownership by the James F. Whalen Revocable Trust.
- The amendment also changes the description of indirect beneficial ownership of 58,400 shares to 'By IRA'.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 12/30/2020 | Grant date for stock options exercisable on 06/24/2024 |
| 12/31/2021 | Grant date for stock options exercisable on 06/24/2024 |
| 12/31/2022 | Grant date for stock options |
| 06/24/2024 | Date of stock option exercises and transaction date |
| 06/26/2024 | Date of original filing |
| 01/01/2024 | Grant date for stock options |
| 01/01/2025 | Grant date for stock options |
| 12/30/2024 | Expiration date for stock options |
| 12/31/2025 | Expiration date for stock options |
| 12/31/2026 | Expiration date for stock options |
| 01/01/2028 | Expiration date for stock options |
| 01/01/2029 | Expiration date for stock options |
| 02/11/2025 | Date of amended filing |
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