STALLINGS ROBERT W 4

What Happened

• Robert W. Stallings, a director of Texas Capital Bancshares (TCBI), made two open-market purchases of depositary shares tied to the bank's preferred stock: 2,500 shares on 2026-01-29 at $20.94 each ($52,350) and 4,500 shares on 2026-01-30 at $20.91 each ($94,095). Total acquired: 7,000 depositary shares for $146,445.
• These were purchases (transaction code P), which retail investors often view as a more informative signal than routine sales because they represent insider buying rather than disposition.

Key Details

• Transaction dates and prices:
  • 2026-01-29: 2,500 depositary shares @ $20.94 = $52,350 (average price; range per filing $20.85–$20.99). (Footnote F2)
  • 2026-01-30: 4,500 depositary shares @ $20.91 = $94,095 (average price; range per filing $20.87–$20.95). (Footnote F4)
• Total acquired: 7,000 depositary shares valued at $146,445.
• Share class: These are depositary shares; each represents a 1/40th interest in one share of the issuer’s 5.75% Fixed Rate Non‑Cumulative Perpetual Preferred Stock, Series B. (Footnote F1)
• Related-party details: Footnotes indicate the involvement of entities tied to Stallings (SCG Ventures LP ownership structure in F3 and the Stallings Foundation in F5); these clarify beneficial ownership links but do not change that the filing reports Stallings’ transactions.
• Shares owned after the transactions: not specified in the provided filing.
• Filing timeliness: The Form 4 was filed on 2026-02-02 for transactions on Jan 29–30, 2026; this filing is within the SEC’s two-business-day reporting window and is not marked late.

Context

• These purchases are of preferred-depositary shares (not common stock), which pay a stated 5.75% fixed dividend on a per‑share basis (via the underlying Series B preferred). Preferred/depositary share transactions can reflect income-oriented investments rather than views on common‑stock upside.
• No options, gifts, or tax-withholding events are reported here—only open-market purchases. The filing provides average prices and price ranges (see footnotes) and discloses the related entities tied to Stallings for transparency.