Form 4: Waterstone Financial Director Kristine A. Rappe Executes Stock Option and Sells Shares
SEC Form 4
Director Kristine A. Rappe exercised stock options and sold Waterstone Financial shares on November 6, 2024.
Summary
- On November 6, 2024, Kristine A. Rappe, a director of Waterstone Financial, Inc. (WSBF), exercised stock options to acquire 28,975 shares of common stock at a price of $12.75 per share.
- Simultaneously, Rappe sold a total of 28,975 shares of common stock in a series of transactions at prices ranging from $16.50 to $16.68 per share.
- Following these transactions, Rappe directly owns 27,318 shares of Waterstone Financial common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company directors. It's common for executives to exercise stock options and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 03/04/2016 | Date exercisable for stock options |
| 03/04/2025 | Expiration date for stock options |
| 11/06/2024 | Date of transaction: Stock option exercise and sale of shares |
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