STALLINGS ROBERT W 4

What Happened

• Robert W. Stallings, a director of Texas Capital Bancshares (TCBI), made multiple open-market purchases totaling 28,330 units between Feb 27 and Mar 2, 2026. The transactions reported are:
  • 3,330 depositary shares at an average price of $94.86 each for $315,884 (price range disclosed $94.55–$95.57; see F1–F2).
  • 5,000 shares at $22.29 each for $111,450 (avg price disclosure; see F4).
  • 20,000 shares at $22.22 each for $444,400 (see F4).
  • Aggregate cost across the three purchases ≈ $871,734.
• These were purchases (code P on the Form 4), i.e., acquisitions rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-02-27: 3,330 @ $94.86 (avg; range $94.55–$95.57) — $315,884 (F1, F2).
  • 2026-02-27: 5,000 @ $22.29 — $111,450 (F4).
  • 2026-03-02: 20,000 @ $22.22 — $444,400 (F4).
• Shares owned after the transactions: Not specified in the information provided in your summary.
• Notable footnotes:
  • F2: The 3,330 units are depositary shares; each represents a 1/40th interest in a share of the issuer’s 5.75% Series B preferred stock.
  • F1 and F4: Prices shown are averages; the filing notes price ranges and that full per-price purchase counts are available on request.
  • F3 and F5: The filing references entities tied to Mr. Stallings (SCG Ventures LP ownership structure and the Stallings Foundation), indicating some purchases involve related entities (see full Form 4 for exact attribution).
• Filing/timeliness: Form filed 2026-03-03 reporting transactions on 2026-02-27 and 2026-03-02. The summary provided does not state a late-filing flag; check the full Form 4 for any timeliness indicator.

Context

• One tranche involves depositary shares (F2), which are different from common shares — each depositary share represents a fractional interest in a preferred share, not one whole common share. Treat those separately when assessing holdings.
• These were straightforward open-market purchases (not option exercises, gifts, or awards). Purchases by directors are often watched by investors as a signal of insider buying, but the filing itself does not state the motivation. For complete legal and ownership details, consult the full Form 4 filing.