Form 4: Sound Financial Bancorp Director Haddad Jr. Sells Shares
SEC Form 4 Filing
Director David S. Haddad Jr. of Sound Financial Bancorp, Inc. [SFBC] sold 41 shares of common stock at $53.75 on November 8, 2024.
Summary
- On November 8, 2024, David S. Haddad Jr., a director of Sound Financial Bancorp, Inc. [SFBC], sold 41 shares of common stock at a price of $53.75 per share.
- Following the transaction, Haddad directly owns 3,884 shares of common stock and indirectly owns 13,548 shares through an IRA.
- Haddad also holds various stock options to purchase common stock at prices ranging from $18.36 to $42.85, with expiration dates between January 2025 and January 2034.
- These options are either fully exercisable or vest in installments.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction. The director sold a small number of shares, which doesn't necessarily indicate a positive or negative outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares by a director may be interpreted in various ways, but without additional context, it's difficult to determine the specific reason behind the transaction.
Key Dates
| Date | Description |
|---|---|
| 01/28/2022 | Options vest in four equal annual installments beginning on this date. |
| 01/27/2023 | Options vest in four equal annual installments beginning on this date. |
| 01/28/2025 | Stock Option (Right to Buy) Expiration Date |
| 01/26/2025 | Options vest in three equal annual installments beginning on this date. |
| 01/25/2029 | Stock Option (Right to Buy) Expiration Date |
| 01/31/2030 | Stock Option (Right to Buy) Expiration Date |
| 01/27/2031 | Stock Option (Right to Buy) Expiration Date |
| 01/28/2032 | Stock Option (Right to Buy) Expiration Date |
| 01/27/2033 | Stock Option (Right to Buy) Expiration Date |
| 01/26/2034 | Stock Option (Right to Buy) Expiration Date |
| 11/08/2024 | Date of stock sale transaction. |
| 11/12/2024 | Date of signature. |
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