Form 4: Five Star Bancorp CEO Sells Over 6,400 Shares of Common Stock

James Eugene Beckwith, President and CEO of Five Star Bancorp, has reported the sale of 6,429 shares of the company's common stock for approximately $27.74 per share.

Summary

• James Eugene Beckwith, President & CEO and a Director of Five Star Bancorp (FSBC), reported a transaction involving the sale of common stock.
• On June 10, 2025, Mr. Beckwith disposed of 6,429 shares of Common Stock at a price of $27.744 per share.
• Following this transaction, Mr. Beckwith beneficially owns 469,952 shares of Common Stock directly, held by the Beckwith Family Trust dated April 10, 1998, for which he serves as a trustee.
• The reported beneficial ownership also includes indirect holdings of 3,000 shares by a daughter, 3,000 shares by a son, 3,000 shares by another son, and 1,000 shares by a daughter-in-law, though Mr. Beckwith disclaims ownership of these securities.
• Mr. Beckwith's holdings include shares granted under the Five Star Bancorp 2021 Equity Incentive Plan: 45,000 shares (25,716 vested, 19,284 to vest over seven years) and 20,000 shares (4,000 vested, 16,000 to vest over five years), contingent on continued employment.

Sentiment

Score: 4

Explanation: The sentiment is moderately negative due to the insider sale by a key executive. While the executive retains a significant holding, any sale by a CEO can raise questions about future prospects or personal liquidity needs, potentially impacting investor confidence.

Positives

• Mr. Beckwith retains a significant beneficial ownership of 469,952 shares directly, indicating continued alignment with shareholder interests.
• A substantial portion of Mr. Beckwith's equity awards are subject to future vesting, contingent on his continued employment, which incentivizes long-term commitment to the company.

Negatives

• The President & CEO selling shares could be interpreted negatively by the market, potentially signaling a lack of confidence or a need for liquidity.
• The sale of 6,429 shares represents a reduction in direct insider ownership.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This document is an insider trading report (Form 4) and does not provide information to analyze broader industry trends or competitive landscape. It solely reports a specific transaction by a key executive.

Related Party Transactions

• Shares are held by the Beckwith Family Trust dated April 10, 1998, for which Mr. Beckwith serves as a trustee, representing a direct beneficial ownership through a related entity.
• Indirect beneficial ownership is reported for shares held by Mr. Beckwith's daughter, sons, and daughter-in-law, although Mr. Beckwith disclaims ownership of these securities for Section 16 purposes.

Stakeholder Impact

• Shareholders may react to the insider sale, potentially leading to a short-term negative impact on the stock price due to perceived lack of confidence from a key executive.
• Employees are not directly impacted by this specific transaction, but executive stock sales can sometimes influence morale or perception of company stability.

Key Dates

Recommendation

Keywords

Five Star Bancorp, FSBC, Insider Trading, SEC Form 4, Stock Sale, Executive Compensation, Beneficial Ownership, Equity Incentive Plan