Form 4: SR Bancorp Director Thomas Lupo Increases Stake with Recent Stock Purchase
SEC Form 4 Filing
Director Thomas Lupo of SR Bancorp, Inc. (SRBK) recently purchased 2,000 shares of common stock at a price of $11.603 per share, increasing his total holdings to 41,015 shares.
Summary
- On March 12, 2025, Thomas Lupo, a director of SR Bancorp, Inc. (SRBK), acquired 2,000 shares of common stock.
- The purchase price was $11.603 per share.
- Following the transaction, Lupo's total direct holdings in SRBK amount to 41,015 shares, which includes restricted stock vesting at 20% per year starting November 21, 2025.
- Lupo also holds options for 47,539 shares of common stock, vesting at 20% per year commencing November 21, 2025, with an exercise price of $11.04.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often monitored as an indicator of management's sentiment about the company's prospects. It's a common practice and is regulated to prevent illegal activities.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 11/21/2025 | Commencement date for vesting of restricted stock and stock options at a rate of 20% per year. |
| 11/21/2034 | Expiration date for stock options. |
| 03/12/2025 | Date of the transaction where Thomas Lupo purchased 2,000 shares of SR Bancorp, Inc. common stock. |
| 03/13/2025 | Date of signature on the Form 4 filing. |
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