Columbia Banking (COLB) EVP Frank Namdar Sells 1,169 Shares

What Happened

• Frank Namdar, Executive Vice President and Chief Credit Officer of Columbia Banking System, disposed of 1,169 shares on Feb 15, 2026. The shares were disposed at $31.49 each for a total value of approximately $36,812. The Form 4 lists the transaction code F, indicating the shares were surrendered/withheld to satisfy a tax obligation related to an option exercise or other equity award (i.e., not an open-market sell motivated by liquidity).

Key Details

• Transaction date and price: 2026-02-15 at $31.49 per share.
• Shares disposed: 1,169; total value ≈ $36,812.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after transaction: not specified in the supplied filing details.
• Filing date: Form 4 filed 2026-02-18. The filing shows the report date and filing date; no additional late-filing flag was provided in the summary data.

Context

• Code F transactions are typically routine tax withholding following an option exercise or vesting event; they do not necessarily signal a change in the insider’s view of the company. This appears to be a withholding/disposition to cover taxes rather than a discretionary sale for investment reasons.