Form 4: Sierra Bancorp Director Morris A. Tharp Sells 10,000 Shares
SEC Form 4 Filing
Director Morris A. Tharp of Sierra Bancorp (BSRR) sold 10,000 shares of common stock at a price of $29.2572 on July 31, 2024.
Summary
- On July 31, 2024, Morris A. Tharp, a director of Sierra Bancorp, sold 10,000 shares of the company's common stock.
- The transaction was executed at a price of $29.2572 per share.
- Following the transaction, Tharp directly owns 475,060 shares of Sierra Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but the market may interpret insider selling as slightly negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, or any individuals owning more than 10% of a company's shares) buy or sell their company's stock. These filings are closely watched by investors as they can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- Shareholders may react to the news of the director's stock sale, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of transaction: Morris A. Tharp sold 10,000 shares of Sierra Bancorp common stock. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
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