Form 4: Capital Bancorp Officer Acquires, Sells Shares

Capital Bancorp's EVP, Chief Strategy Officer, Jacob Dalaya, reported the acquisition of 334 common shares and the sale of 118 shares for tax purposes.

Summary

• Jacob Dalaya, EVP, Chief Strategy Officer of Capital Bancorp Inc. (CBNK), reported transactions on October 23, 2025.
• Acquired 334 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Disposed of 118 shares of common stock at a price of $29.7 per share, likely to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Dalaya directly beneficially owns 432 shares of common stock.
• Dalaya also holds various derivative securities, including 332 Restricted Stock Units and 6,445 Stock Options with varying exercise prices and vesting schedules.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction involving the vesting of equity awards and subsequent tax-related selling. The net effect is an increase in direct share ownership from the vesting, which is generally positive as it aligns management's interests with shareholders. The sale is for tax purposes and not a discretionary sale.

Positives

• EVP, Chief Strategy Officer Jacob Dalaya acquired 334 shares of common stock through the vesting of Restricted Stock Units, indicating continued equity ownership and alignment with shareholder interests.
• The acquisition of shares at a $0 price reflects the conversion of previously granted equity awards, a common form of executive compensation.

Negatives

• Jacob Dalaya disposed of 118 shares of common stock at $29.7 per share, which, while likely for tax withholding, represents a reduction in direct share ownership.

Future Outlook

NA

Industry Context

This is a routine insider transaction filing for a financial institution. Such filings are common across all industries for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: Routine insider transaction, indicating continued equity compensation for an executive. The net increase in direct ownership from vesting aligns executive interests with shareholders.
• Employees: Reflects standard executive compensation practices involving equity awards.

Next Steps

• Future vesting of 332 Restricted Stock Units in three equal annual installments beginning 10/23/2024.
• Future vesting of 929 Restricted Stock Units in four equal annual installments beginning 3/3/2026.
• Future exercisability of 1,000 Stock Options in four equal annual installments beginning 10/23/2024.
• Future exercisability of 2,000 Stock Options in four equal annual installments beginning 01/01/2025.
• Future exercisability of 3,445 Stock Options in four equal annual installments beginning 03/03/2026.

Key Dates

Keywords

Capital Bancorp, CBNK, Jacob Dalaya, insider trading, Form 4, executive compensation, restricted stock units, stock options, share acquisition, share disposition