Form 4: Hope Bancorp Director David Malone Sells Shares
SEC Form 4 Filing
Director David Malone sold 10,428 shares of Hope Bancorp (HOPE) common stock at an average price of $12.7128 on August 29, 2024.
Summary
- On August 29, 2024, David Malone, a director of Hope Bancorp Inc. (HOPE), sold 10,428 shares of common stock.
- The shares were sold at a weighted average price of $12.7128, with individual transaction prices ranging from $12.70 to $12.74.
- Following the transaction, Malone directly owns 109,991 shares of Hope Bancorp.
- Malone also holds non-qualified stock options for 20,000 shares, granted on September 1, 2016, and fully vested as of September 1, 2018, with an exercise price of $17.18.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a director, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily indicate a broader trend within the banking industry.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 09/01/2016 | Non-qualified stock options were granted. |
| 09/01/2018 | Non-qualified stock options fully vested. |
| 08/29/2024 | David Malone sold 10,428 shares of common stock. |
| 09/01/2026 | Expiration date of non-qualified stock options. |
| 09/03/2024 | Date of Form 4 filing. |
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