Form 4: Five Star Bancorp SVP Michael Lee Reports Stock Sale

Michael Eugene Lee, SVP & Chief Regulatory Officer of Five Star Bancorp, reported selling 1,500 shares of common stock at a price of $30.6722 on October 31, 2024.

Summary

• On October 31, 2024, Michael Eugene Lee, SVP & Chief Regulatory Officer of Five Star Bancorp, sold 1,500 shares of common stock.
• The sale price was $30.6722 per share.
• Following the transaction, Lee directly owns 36,765 shares.
• These shares are held by The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust, for which Mr. Lee serves as a trustee.
• The reported holdings include 1,734 unvested shares, 129 unvested shares scheduled to vest on January 1, 2025, and 6,000 unvested shares which are scheduled to vest in equal installments over a five-year period, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting an insider stock sale. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, which is common among publicly traded companies. It provides transparency into the transactions of company executives and their potential impact on the stock's performance.

Stakeholder Impact

• The stock sale by a company executive could be perceived negatively by some shareholders, although it is a relatively small transaction.

Key Dates