Commercial Bancgroup (CBK) CEO Lee Terry Exercises RSUs, Sells 5,241 Shares

What Happened

• Lee Terry, President, CEO and Director of Commercial Bancgroup, converted vested restricted stock units (RSUs) and acquired 14,166.6 shares on 2026-09-29. To satisfy tax withholding obligations, 5,241.6 shares were disposed at $31.56 per share, generating $165,425. The filing also shows a derivative-related disposition of 14,166.6 shares at $0.00 (reflecting conversion/transfer mechanics) and a new grant of 4,753 RSUs on 2026-09-29.

Key Details

• Transaction date: September 29, 2026; Form 4 filed October 1, 2026.
• Converted/received: 14,166.6 shares (from RSU conversion/derivative exercise).
• Tax withholding sale: 5,241.6 shares at $31.56 for $165,425.
• New award: 4,753 RSUs granted on September 29, 2026 (no cash value shown).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • The RSUs converted on 9/29/2026 were from a 9/29/2025 grant that vest in three approximately equal annual installments (9/29/2026, 2027, 2028).
  • The 4,753 RSUs granted 9/29/2026 vest in three approximately equal installments on 9/29/2027, 2028 and 2029.
  • The reporting person disclaims beneficial ownership of shares held by Lee Holding Company L.P., except for any pecuniary interest.
• Filing timeliness: Form 4 was filed on Oct 1, 2026 (reporting the 9/29/2026 transactions).

Context

• This was a conversion/settlement of RSUs (a restricted-stock award), not an open-market purchase. The sale of 5,241.6 shares was a tax-withholding disposition to cover tax liability on the vesting, a routine administrative step that does not necessarily signal a change in opinion about the company.
• New RSU grants are future compensation and will vest over the stated schedules; they do not represent immediate cash purchases by the insider.