STALLINGS ROBERT W 4

What Happened

• Robert W. Stallings, a director of Texas Capital Bancshares, reported an open‑market purchase of 2,000 depositary shares on January 23, 2026. The reported average price was $20.91 per depositary share, for a total of $41,820. This was a purchase (a potential bullish signal rather than a sale).

Key Details

• Transaction date: 2026-01-23; Filing date (Form 4): 2026-01-27 (filed within the required 2 business days).
• Price reported: Average $20.91; filing notes prices ranged from $20.81 to $21.00.
• Shares acquired: 2,000 depositary shares; total value reported: $41,820.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes:
  • F1: Each depositary share represents a 1/40th interest in a share of the issuer’s 5.75% Fixed Rate Non‑Cumulative Perpetual Preferred Stock, Series B.
  • F2: Average price based on trades from $20.81–$21.00; detailed per‑price breakdown available on request to the SEC.
  • F3–F4: Filing references related entities (SCG Ventures LP, RWS/LES Investment Trusts, Stallings Management LLC) and the Stallings Foundation, indicating family/related-entity ownership structure and charitable affiliation.

Context

• This was a straightforward purchase (transaction code P) of depositary shares (a fractional interest in preferred stock), not an option exercise, gift, or award. Such purchases are often watched by retail investors as a sign of insider buying interest but do not, by themselves, prove future company performance.
• No late filing was indicated.