Form 4: Esquire Financial EVP Sells Shares for Tax Obligations

Ari P. Kornhaber, EVP and Head of Corporate Development at Esquire Financial Holdings, Inc., reported the disposition of 1,997 common shares at $104.04 each to cover tax liabilities.

Summary

• Ari P. Kornhaber, EVP and Head of Corporate Development at Esquire Financial Holdings, Inc. (ESQ), reported a transaction on December 9, 2025.
• Kornhaber disposed of 1,997 shares of common stock at a price of $104.04 per share.
• This disposition was coded as 'F', indicating a payment of tax liability by withholding securities.
• Following this transaction, Kornhaber directly beneficially owns 102,647 shares of common stock.
• Additionally, 1,947 shares are indirectly beneficially owned via an IRA.
• The filing details various restricted stock grants with vesting schedules commencing on December 19, 2023, December 16, 2024, December 9, 2025, December 19, 2026, December 15, 2027, and January 30, 2028, each vesting in three equal annual installments.
• Kornhaber holds fully vested stock options to acquire 7,500 shares of common stock at an exercise price of $12.5, expiring on May 2, 2026.
• Kornhaber also holds fully vested stock options to acquire 11,125 shares of common stock at an exercise price of $12.5, expiring on September 1, 2026.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral, mandatory disclosure of an insider stock transaction for tax purposes. It does not convey positive or negative sentiment regarding the company's operational performance or future prospects.

Future Outlook

N/A. This filing is a report of a past insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction, specifically for tax withholding purposes. Such transactions are common among executives and do not typically reflect broader industry trends or competitive positioning. It provides transparency into executive compensation and ownership but offers no specific insights into the financial services industry or Esquire Financial Holdings' market position.

Comparison to Industry Standards

• This filing reports a standard insider transaction for tax purposes, which is a common practice across all industries for executives receiving equity compensation. It does not provide data points that allow for a direct comparison to specific companies, projects, or results within the financial services sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and compensation practices.

Next Steps

• Continued vesting of restricted stock grants in three equal annual installments commencing on December 19, 2023, December 16, 2024, December 9, 2025, December 19, 2026, December 15, 2027, and January 30, 2028.

Key Dates

Keywords

Esquire Financial Holdings, ESQ, Form 4, Insider Transaction, Stock Disposition, Executive Compensation, Tax Withholding, Restricted Stock, Stock Options