Form 4: Five Star Bancorp Director Judson Teichert Donates 17,000 Shares
SEC Form 4 Filing
Director Judson Teichert of Five Star Bancorp reports donating 17,000 shares of common stock.
Summary
- On February 24, 2025, Judson Teichert Riggs, a director of Five Star Bancorp, donated 17,000 shares of common stock.
- Following the transaction, Mr. Riggs directly owns 84,216 shares, which includes 1,165 unvested shares granted under the 2021 Equity Incentive Plan.
- These unvested shares are scheduled to vest on December 31, 2025, contingent upon Mr. Riggs remaining a director.
- Mr. Riggs also holds shares indirectly through The Riggs Family Trust, dated May 11, 2006, where he serves as trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding a share donation, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The donation of shares by a director could be perceived positively by stakeholders as a philanthropic gesture.
Key Dates
| Date | Description |
|---|---|
| May 11, 2006 | Date of The Riggs Family Trust |
| February 24, 2025 | Date of the share donation transaction |
| February 25, 2025 | Date of signature by Attorney-in-Fact |
| December 31, 2025 | Vesting date for 1,165 unvested shares, contingent on Mr. Riggs remaining a director |
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