Form 4: SFBC Director Gifts Shares
Insider Transaction Report
Sound Financial Bancorp Director David S. Haddad Jr. reported gifting 22 shares of common stock.
Summary
- David S. Haddad Jr., a Director of Sound Financial Bancorp, Inc. (SFBC), reported a transaction on August 6, 2025.
- The transaction involved the disposition of 22 shares of SFBC Common Stock as a gift (transaction code 'G').
- The shares were disposed of at a price of $0 per share.
- Following this transaction, Mr. Haddad directly owns 4,368 shares of Common Stock and indirectly owns 13,548 shares through an IRA, totaling 17,916 shares.
- Mr. Haddad also holds various stock options, including 250 options exercisable at $33.50 expiring January 25, 2029; 120 options at $36.26 expiring January 31, 2030; 300 options at $32.46 expiring January 27, 2031; 320 options at $42.85 expiring January 28, 2032; 320 options at $40.13 vesting annually from January 27, 2023, expiring January 27, 2033; and 265 options at $39.89 vesting annually from January 26, 2025, expiring January 26, 2034.
Sentiment
Score: 5
Explanation: The filing reports a small, non-monetary disposition of shares by a director, which is a neutral event for the company's operational or financial performance. It does not indicate any significant positive or negative sentiment regarding the company's prospects.
Negatives
- The director disposed of 22 shares of common stock, which represents a minor reduction in direct ownership for the reporting person.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The disposition of 22 shares was a gift, which could be considered a related party transaction depending on the recipient, though the filing does not specify the recipient.
Stakeholder Impact
- Minimal impact on shareholders due to the small number of shares involved.
- Direct impact on the reporting person's direct shareholdings, reducing them by 22 shares.
Key Dates
| Date | Description |
|---|---|
| 01/27/2023 | First vesting date for 320 stock options with an exercise price of $40.13, vesting in four equal annual installments. |
| 01/26/2025 | First vesting date for 265 stock options with an exercise price of $39.89, vesting in three equal annual installments. |
| 08/06/2025 | Date of gift transaction and filing date of Form 4. |
| 01/25/2029 | Expiration date for 250 stock options with an exercise price of $33.50. |
| 01/31/2030 | Expiration date for 120 stock options with an exercise price of $36.26. |
| 01/27/2031 | Expiration date for 300 stock options with an exercise price of $32.46. |
| 01/28/2032 | Expiration date for 320 stock options with an exercise price of $42.85. |
| 01/27/2033 | Expiration date for 320 stock options with an exercise price of $40.13. |
| 01/26/2034 | Expiration date for 265 stock options with an exercise price of $39.89. |
Keywords
Sound Financial Bancorp, SFBC, Insider Transaction, Form 4, Director Stock, Stock Options, Equity Holdings, David S. Haddad Jr.
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