Form 4: Five Star Bancorp Director Larry Eugene Allbaugh Reports Share Acquisition
SEC Form 4 Filing
Director Larry Eugene Allbaugh reports the acquisition of 68 shares of Five Star Bancorp common stock and provides details on his beneficial ownership.
Summary
- On May 1, 2025, Larry Eugene Allbaugh, 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 upon Mr. Allbaugh remaining a director.
- Mr. Allbaugh also has indirect beneficial ownership of a significant number of shares through various trusts and entities, including the Larry and Laura Allbaugh Living Trust, Oates Administrative Trust, and several QSST Subtrusts.
- He disclaims beneficial ownership of shares held by certain entities like Buzz Oates LLC and Buzz Oates Group of Companies, except to the extent of his pecuniary interest.
- Following the reported transaction, Mr. Allbaugh directly owns 500,745 shares and indirectly owns 1,010,778 shares through OAT Trustee, 410,695 shares each through Oates-Holt QSST Trustee, Oates-Fairrington QSST Trustee, Applegate QSST Trustee and Oates QSST Trustee, and 10,000 shares each through Buzz Oates LLC Non-Member Manager and Buzz Oates Group of Companies Shareholder.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing share transactions. The acquisition of shares by a director is mildly positive, suggesting confidence, but it's not a major event.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Future Outlook
The vesting of the granted shares is contingent on Mr. Allbaugh remaining a director of Five Star Bancorp on December 31, 2025.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in the financial industry. Monitoring such filings helps investors understand the actions and sentiment of company insiders.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholders as it reflects insider confidence.
- There is no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| November 5, 1997 | Date of the Larry and Laura Allbaugh Living Trust. |
| December 16, 2009 | Date of the Judy Oates-Holt Irrevocable Trust, Kathryn Oates-Fairrington Irrevocable Trust, Marvilyn E. Applegate Irrevocable Trust, and Philip D. Oates Irrevocable Trust. |
| May 1, 2025 | Date of the transaction where Larry Eugene Allbaugh acquired 68 shares of common stock. |
| May 2, 2025 | Date of the signature on the SEC Form 4 filing. |
| December 31, 2025 | Vesting date for the acquired shares, contingent on Mr. Allbaugh remaining a director. |
Keywords
beneficial ownership, director, shares, Five Star Bancorp, equity incentive plan, trustee, Allbaugh
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