Form 4: CrossFirst Bankshares CEO Mike Maddox Reports Stock Transactions

Mike Maddox, President and CEO of CrossFirst Bankshares, reports the exercise of stock appreciation rights and subsequent disposal of shares to cover the exercise cost and shares transferred to ex-spouse.

Summary

• On November 6, 2024, Mike Maddox, the President and CEO of CrossFirst Bankshares, exercised stock settled appreciation rights.
• He disposed of 9,943 shares of common stock at $17.91 to cover the exercise cost.
• He disposed of 16,152 shares of common stock at $17.91.
• He acquired 38,570 shares of common stock at $7.50.
• 4,926 shares were transferred to reporting person's ex spouse pursuant to a domestic relations order.
• Following these transactions, Maddox directly owns 161,308 shares of common stock.
• Maddox also indirectly owns 7,100 shares of common stock and 100 shares of Series A Non-Cumulative Perpetual Preferred Stock through his spouse, but disclaims beneficial ownership.
• He also holds stock settled appreciation rights for 29,388, 19,592, 9,796 and 0 shares of common stock with an exercise price of $7.50, expiring on May 1, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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 executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates