STALLINGS ROBERT W 4

What Happened Robert W. Stallings, a director of Texas Capital Bancshares (TCBI), acquired depositary shares representing Series B preferred stock in two open-market purchases: 20,000 depositary shares on 2026-03-05 at $22.69 each for $453,800, and 5,500 depositary shares on 2026-03-06 at $22.80 each for $125,400 — total 25,500 depositary shares for approximately $579,200. These were purchases (code P), which are purchases of depositary shares rather than common stock.

Key Details

• Transaction dates & prices:
  • 2026-03-05: 20,000 depositary shares @ $22.69 = $453,800 (F2 notes average based on $22.5621–$22.8798).
  • 2026-03-06: 5,500 depositary shares @ $22.80 = $125,400 (F3 notes average based on $22.75–$22.8009).
• Total transaction value: ≈ $579,200.
• Shares owned after transaction: Not specified in the information provided.
• Notable footnotes:
  • F1: Each depositary share = 1/40th interest in a share of the issuer’s 5.75% Fixed Rate Non‑Cumulative Perpetual Preferred Stock, Series B.
  • F2/F3: Prices shown are averages; full per-price breakdown available upon SEC request.
  • F4/F5: Footnotes disclose related entities/trusts connected to Mr. Stallings (SCG Ventures LP ownership structure and the Stallings Foundation).
• Filing timeliness: The filing date (2026-03-09) reports trades from 2026-03-05 and 03-06; the provided data does not state whether the Form 4 was late.

Context These purchases were of depositary shares (preferred‑share interest), not common stock — 25,500 depositary shares equal 25,500 ÷ 40 = 637.5 full preferred-share interests. Purchases by insiders are often noted by investors as a stronger signal than sales, but the filing is purely factual and does not state Mr. Stallings’ motivation.