FORAKER RANDY 4

What Happened

• Randy Foraker, Executive Vice President of BancFirst Corp (BANF), exercised derivative awards and completed a same-day sale. The filing shows he exercised options/converted derivatives covering 6,000 shares in two entries on Feb 10, 2026: 3,000 shares were reported acquired at $20.83 per share (cost $62,490), 3,000 shares were reported disposed at $0.00 (derivative disposition), and 3,000 shares were sold in the open market at $119.91 for total proceeds of $359,735. The pattern is consistent with an option exercise accompanied by an immediate sale of shares.

Key Details

• Transaction date: 2026-02-10 (filed 2026-02-11 — timely)
• Exercise/Conversion (M): 3,000 shares acquired @ $20.83 each = $62,490
• Exercise/Conversion (M): 3,000 shares disposed @ $0.00 (reported as derivative disposition)
• Open-market sale (S): 3,000 shares sold @ $119.91 each = $359,735
• Net proceeds on the sold lot (sale less exercise cost for 3,000 shares): $359,735 − $62,490 = $297,245 (ignores taxes/fees)
• Shares owned after transaction: Not disclosed in the provided filing
• Notable item: The filing shows a $0.00 disposition of 3,000 derivative shares—filing does not specify the reason (commonly reflects withholding/surrender for taxes or payment of exercise costs)

Context

• This appears to be a same-day exercise and sale (a cashless-like transaction): the insider exercised options and sold shares the same day. Such transactions often involve surrendering or withholding some shares to cover exercise costs or taxes; the filing’s $0.00 derivative disposition likely reflects that, though the filing itself doesn’t give additional detail.
• Sales are routine insider liquidity events and do not by themselves indicate company performance; purchases are generally more direct signals of insider confidence.