Deer Aaron James 4

What Happened

• Aaron James Deer, EVP & Chief Strategy & Innovation Officer of Columbia Banking System (COLB), purchased 886 shares on 2026-06-30 at $25.37 per share, for a total of approximately $22,478. The transaction is reported as a purchase (code P) and is footnoted as an ESPP purchase.

Key Details

• Transaction date and price: 2026-06-30 at $25.37 per share.
• Shares acquired: 886; total transaction value ≈ $22,478.
• Method/footnote: F1 — Employee Stock Purchase Plan (ESPP) purchase.
• Shares owned after transaction: not disclosed in the filing.
• Filing: Form 4 filed 2026-07-02; appears to be timely for a 2026-06-30 transaction (no late-filing flag reported).

Context

• ESPP purchases are routine employee purchases under a company plan (often at a discount or via payroll deductions) and are different from discretionary open-market buys. While purchases can signal insider confidence, ESPP transactions are typically part of standard employee participation rather than ad hoc market timing.