RAINBOLT DAVID E 4
Research Summary
AI-generated summary
BancFirst (BANF) 10% Owner David E. Rainbolt Sells Shares
What Happened
David E. Rainbolt, a reported 10% owner of BancFirst Corp (BANF), completed open-market sales totaling 18,177 shares across two transactions. On 2026-04-23 he sold 17,527 shares at $115.53 for $2,024,859, and on 2026-04-24 he sold 650 shares at $115.02 for $74,765 — total proceeds of about $2,099,624. These were sales (not purchases), which are routine liquidity events rather than explicit bullish signals.
Key Details
- Transaction dates and prices:
- 2026-04-23: 17,527 shares at $115.53 — $2,024,859
- 2026-04-24: 650 shares at $115.02 — $74,765
- Total shares sold: 18,177; total proceeds: ~$2.10 million.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- Shares held in trusts (David E. Rainbolt Trust U/A Amended and Restated 12/14/2017; Dana Kim Rainbolt Revocable Trust).
- Some shares held at BF Bank Partners, LP; David E. Rainbolt is General Partner.
- Timeliness: Report filed 2026-04-24 for transactions through 2026-04-23 — filing appears timely (no late filing indicated).
Context
Rainbolt is identified as a 10% owner rather than an officer acting in a corporate-management capacity; such large-owner sales often reflect portfolio or liquidity management rather than executive views on near-term company performance. The filing shows outright sales (transaction code S) and does not indicate option exercises, gifts, or tax-withholding events.