Anderson Drew K 4

What Happened

• Drew K. Anderson, EVP & Chief Administrative Officer of Columbia Banking System, disposed of 788 shares on February 15, 2026. The transaction is reported as a payment of exercise price or tax liability (code F), with an effective price of $31.49 per share, totaling approximately $24,814. This was a share surrender to satisfy taxes—not an open-market sale or a buy.

Key Details

• Transaction date: 2026-02-15; Filing date: 2026-02-18.
• Disposed: 788 shares at $31.49 each; total value ≈ $24,814.
• Transaction code: F (payment of exercise price or tax liability — typically withholding or share surrender).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 filed three days after the transaction date; verify the SEC record to confirm whether this met the two-business-day filing requirement.

Context

• Code F commonly indicates shares were surrendered to cover taxes from an equity award (e.g., option exercise or restricted stock vesting). This is administrative (tax-related) and generally routine, not a market-driven sale signaling insider sentiment.