Form 4: Five Star Bancorp SVP Michael Lee Reports Sale of Common Stock
SEC Form 4 Filing
Michael Eugene Lee, SVP & Chief Regulatory Officer of Five Star Bancorp, reports the sale of 3,000 shares of common stock at a price of $29.0893 per share on July 29, 2024.
Summary
- On July 29, 2024, Michael Eugene Lee, SVP & Chief Regulatory Officer of Five Star Bancorp, sold 3,000 shares of common stock.
- The sale price was $29.0893 per share.
- Following the transaction, Mr. Lee beneficially owns 38,265 shares indirectly through a family trust where he serves as trustee.
- These shares include unvested shares granted under the Five Star Bancorp 2021 Equity Incentive Plan, vesting over five years, contingent on continued employment.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an officer. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document outlines vesting schedules for unvested shares, contingent on continued employment with Five Star Bancorp.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of transaction: Sale of 3,000 shares of common stock. |
| 07/30/2024 | Date of signature on the Form 4 filing. |
| January 1, 2025 | Date that 129 unvested shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan are scheduled to vest. |
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