Form 4: Five Star Bancorp Director Sells Shares

Robert Truxtun Perry-Smith, a director of Five Star Bancorp, sold 2,310 shares of common stock at a price of $29.51 on August 29, 2024.

Summary

• On August 29, 2024, Robert Truxtun Perry-Smith, a director of Five Star Bancorp, sold 2,310 shares of common stock.
• The sale price was $29.51 per share.
• Following the transaction, Perry-Smith beneficially owns 225,328 shares, including 1,638 unvested shares that are scheduled to vest on December 31, 2024, provided he remains a director.
• The shares are held in the Robert T. Perry-Smith Exemption Trust, for which he serves as trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a share sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale itself doesn't necessarily indicate a negative outlook, as insiders may sell shares for various personal financial reasons.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder confidence, but is unlikely to be significant unless part of a larger trend.

Key Dates