Form 4: Five Star Bancorp Director Larry Eugene Allbaugh Reports Significant Share Acquisitions

Director Larry Eugene Allbaugh reports purchasing shares of Five Star Bancorp both directly and indirectly through various trusts and entities.

Summary

• On March 28, 2024, Larry Eugene Allbaugh, a director of Five Star Bancorp, reported the acquisition of 22,988 shares of common stock at a price of $21.75 per share.
• Additionally, Mr. Allbaugh reported the acquisition of 114,943 shares at $21.75 per share through the Oates Administrative Trust.
• Following these transactions, Mr. Allbaugh directly owns 501,512 shares and indirectly owns 1,010,778 shares through the Oates Administrative Trust.
• Mr. Allbaugh also serves as a trustee for several QSST subtrusts (Oates-Holt, Oates-Fairrington, Applegate, and Oates), each holding 410,695 shares, but disclaims beneficial ownership of these shares.
• He also disclaims beneficial ownership of shares held by Buzz Oates LLC (10,000 shares) and Buzz Oates Group of Companies (10,000 shares), except to the extent of his pecuniary interest in the latter.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's purchase of shares could be interpreted as a sign of confidence, but the disclaimers of beneficial ownership in several trusts temper the positive signal.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company.

Comparison to Industry Standards

• Comparing insider transactions to those of peers like Tri Counties Bank (TCBK) or Bank of Marin Bancorp (BMRC) can provide context.
• Analyzing the ratio of insider buys to sells across the banking sector can offer a broader perspective on sentiment.

Stakeholder Impact

• Shareholders may view the director's share purchases as a positive signal.
• The filing provides transparency to the market regarding insider transactions.

Key Dates