Form 4: Five Star Bancorp CEO James Beckwith Sells Shares
SEC Form 4 Filing
James Beckwith, President & CEO of Five Star Bancorp, sold shares of the company's common stock on August 14 and 15, 2024.
Summary
- James Beckwith, the President & CEO of Five Star Bancorp, reported changes in his beneficial ownership of the company's stock.
- On August 14, 2024, he sold 3,325 shares at a price of $26.9286 per share.
- On August 15, 2024, he sold 13,539 shares at a price of $26.9571 per share.
- Following these transactions, Mr. Beckwith indirectly owns 480,381 shares through a family trust.
- He also has indirect ownership of shares held by his daughter, sons and daughter-in-law, but disclaims beneficial ownership of these securities.
- Mr. Beckwith also holds options to acquire 45,000 shares which were granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan; (including 19,287 shares which have vested and 25,713 which are scheduled to vest in equal annual installments over the remainder of a seven-year period, provided Mr. Beckwith remains employed by Five Star Bancorp on the respective vesting dates) and 20,000 shares which were granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan and are scheduled to vest in equal annual installments over a five-year period, provided Mr. Beckwith remains employed by Five Star Bancorp on the respective vesting dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but the market may react based on their interpretation of the sales.
Industry Context
Insider trading activity is always closely watched by investors as it can provide signals about management's view of the company's prospects. However, sales do not always indicate a negative outlook, as executives may sell shares for personal financial planning reasons.
Stakeholder Impact
- Shareholders may react to the stock sales, potentially impacting the stock price.
- The sales could be perceived as a lack of confidence by the CEO, although this is not necessarily the case.
Key Dates
| Date | Description |
|---|---|
| April 10, 1998 | Date of the Beckwith Family Trust |
| August 14, 2024 | Date of first stock sale: 3,325 shares at $26.9286 |
| August 15, 2024 | Date of second stock sale: 13,539 shares at $26.9571 |
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