Form 4: Five Star Bancorp Director Judson Teichert Reports Acquisition of Common Stock

Director Judson Teichert reports the acquisition of 68 shares of Five Star Bancorp common stock and indirect ownership of 84,284 shares through a family trust.

Summary

• On May 1, 2025, Judson Teichert Riggs, a director of Five Star Bancorp, acquired 68 shares of common stock.
• These shares were granted under the Five Star Bancorp 2021 Equity Incentive Plan and are scheduled to vest on December 31, 2025, contingent on Mr. Riggs remaining a director.
• Mr. Riggs also indirectly owns 84,284 shares through The Riggs Family Trust, dated May 11, 2006, where he serves as trustee.
• This total includes 1,165 unvested shares also granted under the 2021 Equity Incentive Plan, vesting on the same conditions as the newly acquired shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally a good sign, but the document itself is simply a regulatory filing.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The equity incentive plan aligns the interests of directors with those of shareholders.

Risks

• The vesting of the shares is contingent on Mr. Riggs remaining a director, which introduces a potential risk if he were to leave the board before December 31, 2025.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting conditions of the equity incentive plan.

Industry Context

This filing is a routine disclosure related to insider transactions, common in the financial services industry to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Five Star Bancorp, Judson Teichert Riggs, director, common stock, equity incentive plan, beneficial ownership, Form 4