Form 4: TCBX Executive Sells Shares

Third Coast Bancshares executive William Bobbora sold 245 common shares.

Summary

• William Bobbora, Executive Vice President and Chief Banking Officer of Third Coast Bancshares, Inc. (TCBX), reported the sale of 245 shares of the company's common stock.
• The transaction occurred on November 17, 2025, at a weighted average price of $36.3032 per share, with individual sales ranging from $36.1501 to $36.42.
• The sale was executed pursuant to a Rule 10b5-1(c) trading plan, indicating a pre-arranged transaction.
• Following this transaction, Mr. Bobbora directly beneficially owns 47,106 shares of common stock.
• Additionally, Mr. Bobbora indirectly beneficially owns 2,020 shares through an ESOP and 11,750 shares through an IRA.

Sentiment

Score: 5

Explanation: Neutral. While insider selling can sometimes be viewed negatively, the small number of shares relative to total holdings and the indication of a Rule 10b5-1 plan suggest a pre-planned, routine transaction rather than a signal of lack of confidence.

Negatives

• An executive officer sold a portion of their company stock, which, while part of a pre-arranged plan, could be perceived negatively by some investors.

Future Outlook

NA

Management Comments

• The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $36.1501 to $36.42 per share, inclusive.
• The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Industry Context

This is a routine insider transaction disclosure for a banking executive, common across all industries for publicly traded companies. It does not inherently reflect broader industry trends but is a standard compliance filing.

Stakeholder Impact

• Shareholders may note the sale of shares by a key executive, which could be interpreted in various ways, though the Rule 10b5-1 plan suggests a pre-scheduled transaction and the volume is small.

Key Dates

Keywords

Third Coast Bancshares, TCBX, Insider Trading, Form 4, Stock Sale, Executive Compensation, William Bobbora, Rule 10b5-1