Form 4: Five Star Bancorp Director Robert Perry-Smith Acquires 80,460 Shares

Director Robert Perry-Smith acquired 80,460 shares of Five Star Bancorp at $21.75 per share on March 28, 2024.

Summary

• On March 28, 2024, Robert Perry-Smith, a director of Five Star Bancorp, purchased 80,460 shares of common stock at a price of $21.75 per share.
• Following this transaction, Perry-Smith directly and indirectly owns 227,638 shares.
• This includes 1,638 unvested shares granted under the 2021 Equity Incentive Plan, which are scheduled to vest on December 31, 2024, contingent on Perry-Smith remaining a director.
• Some shares are held in the Robert T. Perry-Smith Exemption Trust, for which he serves as trustee.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing a significant number of shares suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's performance.

Positives

• A director's purchase of a significant number of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company insiders and their confidence in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The size of the transaction is significant, but not unusual for a director of a company.
• Comparable companies would have similar filings when directors or officers trade in their company's stock.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive signal.

Key Dates