Form 4: Columbia Banking EVP Sells Shares in Tax-Related Transaction

Columbia Banking System's EVP Chief Credit Officer, Frank Namdar, disposed of 1,169 shares of common stock at $31.49 per share to cover tax liabilities.

Summary

• Frank Namdar, Executive Vice President and Chief Credit Officer of Columbia Banking System, Inc. (COLB), reported a transaction involving the company's common stock.
• On February 15, 2026, Namdar disposed of 1,169 shares of common stock at a price of $31.49 per share.
• This transaction was coded 'F', indicating it was a payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security under an equity compensation plan.
• Following this transaction, Namdar directly beneficially owns 32,278 shares of common stock.
• Additionally, Namdar indirectly owns 4,126 shares through a 401(k) plan.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is for tax liability, not a discretionary sale, and was pre-planned under a 10b5-1 plan, which mitigates any negative sentiment typically associated with insider selling.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned disposition not based on immediate insider information, which is a positive corporate governance practice.

Negatives

• No specific negative implications are apparent from this routine, tax-related disposition of shares.

Future Outlook

No forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that routine insider transactions, particularly those related to tax obligations or pre-planned under Rule 10b5-1, are common across the banking sector and generally do not signal significant shifts in company strategy or performance. This transaction by an EVP Chief Credit Officer is a standard disclosure of equity compensation management.

Corporate Governance

Related Party Transactions

• Frank Namdar, an Executive Vice President and Chief Credit Officer, disposed of 1,169 shares of Columbia Banking System common stock, which constitutes a related party transaction due to his executive position.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction by an executive to cover tax liabilities, not a signal of lack of confidence.
• Employees: No direct impact indicated by this filing.

Key Dates

Keywords

Columbia Banking System, COLB, Frank Namdar, Insider Trading, Form 4, Share Disposition, Executive Compensation, Tax Liability, Rule 10b5-1