Moore Devine David 4

What Happened
David Moore, EVP & Chief Marketing Officer of Columbia Banking System, used 838 shares (disposed) at $28.45 per share — roughly $23,841 — to satisfy tax withholding related to an option exercise. The Form 4 reports this disposition as code F, indicating shares were used to pay tax or exercise-related obligations rather than a typical open-market sale.

Key Details

• Transaction date: 2026-03-01; filing date: 2026-03-02 (timely filing).
• Price reported: $28.45 per share; total value of shares withheld ≈ $23,841.
• Transaction code: F — payment of exercise price or tax liability (share withholding).
• Shares owned after the transaction: not specified in the provided extract; see the full Form 4 filing for holdings.
• This appears to be a routine tax-withholding/cashless settlement of an option exercise, not an open-market sale.

Context
For retail investors: when an insider exercises stock options, companies often withhold (or retire) some shares to cover taxes. Such withholding is routine and does not necessarily signal a view on the company’s stock price. This transaction is a common administrative step following an option exercise.