Form 4: Five Star Bancorp: Executive Stock Transactions

Michael Eugene Lee, SVP and Chief Regulatory Officer of Five Star Bancorp, reported transactions involving company common stock.

Summary

• Michael Eugene Lee, SVP and Chief Regulatory Officer of Five Star Bancorp, reported a sale of 867 shares of common stock at a price of $41.23 per share on May 21, 2026.
• Lee also acquired 905 shares of common stock on May 21, 2026, as a grant under the Five Star Bancorp 2021 Equity Incentive Plan, with no cost reported for this acquisition.
• Following these transactions, Lee beneficially owns 32,764 shares directly and 33,669 shares indirectly through The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust, where he serves as trustee.
• The filing also details that a portion of the shares owned are subject to vesting schedules tied to continued employment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports standard insider transactions (a sale and an equity grant) without providing significant new strategic information or financial performance indicators.

Positives

• Acquisition of 905 shares under the 2021 Equity Incentive Plan indicates continued equity-based compensation and alignment with company performance.
• The reporting person, Michael Eugene Lee, continues to hold a significant number of shares, both directly and indirectly, suggesting ongoing commitment to the company.

Negatives

• Sale of 867 shares by a key executive could be interpreted as a reduction in direct ownership, although the context of the transaction is not fully detailed beyond the price and date.

Risks

• Vesting of shares is contingent upon continued employment, posing a risk of forfeiture if employment ceases before vesting dates.
• Indirect beneficial ownership through a family trust introduces a layer of complexity in direct control and decision-making regarding those shares.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• The filing includes a signature by Michael E. Lee, by Heather C. Luck, Attorney-in-Fact, indicating delegation of signing authority for this report.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for executives and directors, providing transparency into insider stock transactions. Such filings are crucial for investors to gauge executive confidence and potential shifts in beneficial ownership within the banking sector.

Stakeholder Impact

• Shareholders: The sale of shares by an executive may be observed, but the overall impact is likely minimal given the context of equity grants and indirect ownership.
• Employees: The equity incentive plan details suggest continued focus on employee retention and performance-based rewards.
• Management: The transaction reflects standard executive compensation and ownership practices.

Next Steps

• Continued monitoring of future Form 4 filings by Michael Eugene Lee and other Five Star Bancorp executives for further insights into insider trading activity.
• Vesting of granted shares over the next five years, contingent on continued employment.

Key Dates

Keywords

Five Star Bancorp, FSBC, Form 4, Stock Transaction, Insider Trading, Equity Incentive Plan, Beneficial Ownership, Executive Compensation, Regulatory Officer