Form 4: Esquire Financial CEO Sells Shares Post-Vesting
Insider Transaction Report
Esquire Financial Holdings' Vice Chairman, President & CEO, Andrew C. Sagliocca, disposed of 5,181 shares of common stock at $104.04 per share following a vesting event.
Summary
- Andrew C. Sagliocca, Vice Chairman, President & CEO of Esquire Financial Holdings, Inc. (ESQ), reported a disposition of 5,181 shares of common stock.
- The transaction occurred on December 9, 2025, at a price of $104.04 per share.
- The transaction code 'F' indicates this disposition was likely for tax withholding purposes related to the vesting of restricted stock.
- Following this transaction, Mr. Sagliocca directly beneficially owns 276,237 shares of common stock.
- Mr. Sagliocca also holds 29,250 fully vested stock options with an exercise price of $12.50, which expire on September 1, 2026.
- His beneficial ownership includes shares of restricted stock with various vesting schedules, commencing from December 2023 through January 2028.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes related to equity compensation, which is a neutral event and does not indicate a change in company fundamentals or management sentiment.
Future Outlook
NA
Industry Context
This is a routine insider transaction filing (Form 4) and does not provide broader industry context or trends. It reflects standard executive compensation practices involving equity awards and subsequent tax-related dispositions upon vesting.
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, tax-related disposition of shares by an executive, not a discretionary sale indicating a change in confidence.
Next Steps
- Future vesting of restricted stock awards on various dates through January 2028.
Key Dates
| Date | Description |
|---|---|
| 09/01/2017 | Stock options date exercisable |
| 12/19/2023 | Commencement of first equal annual installment vesting for certain restricted stock |
| 12/16/2024 | Commencement of first equal annual installment vesting for certain restricted stock |
| 12/09/2025 | Date of common stock disposition; Commencement of first equal annual installment vesting for certain restricted stock |
| 12/11/2025 | Signature date of the filing |
| 09/01/2026 | Stock options expiration date |
| 12/19/2026 | Commencement of first equal annual installment vesting for certain restricted stock |
| 12/15/2027 | Commencement of first equal annual installment vesting for certain restricted stock |
| 01/30/2028 | Commencement of first equal annual installment vesting for certain restricted stock |
Keywords
Esquire Financial Holdings, ESQ, Andrew C. Sagliocca, Insider Trading, Form 4, Stock Disposition, Restricted Stock, Stock Options, Executive Compensation
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