GIPPLE TODD A 4
Research Summary
AI-generated summary
QCRH President & CFO Todd Gipple Exercises Options, Sells 8,590 Shares
What Happened
- Todd A. Gipple, President, Chief Financial Officer and a director of QCR Holdings, exercised 8,590 stock options (Form 4 transaction code M) at an exercise price of $22.64 per share (total exercise cost $194,478) on 2026-01-30.
- The same day he sold those 8,590 shares in an open-market transaction at $89.92 per share for gross proceeds of $772,437 (transaction code S). The option instrument was reported disposed at $0, reflecting the option’s conversion/termination.
- This is a same-day (cashless) exercise and sale: he acquired shares by exercising options then immediately sold them, a commonly used way to realize gains from vested options.
Key Details
- Transaction date: 2026-01-30; Form filed: 2026-02-02.
- Exercise: 8,590 shares at $22.64 = $194,478 (cash paid to exercise).
- Sale: 8,590 shares at $89.92 = $772,437 (gross proceeds).
- Net proceeds before taxes/fees (approx.): $772,437 − $194,478 = $577,959.
- Footnote: F1 indicates this was a same-day sale in connection with a stock option exercise.
- Shares owned after the transaction: not reported in the provided filing details.
- No indication in the provided data that the filing was late.
Context
- Because the shares were sold the same day they were acquired via option exercise, this is a cashless exercise/sale rather than a long-term buy or signal of increased insider ownership.
- Same-day exercises followed by sales are routine for executives to convert vested option value into cash and do not necessarily indicate a change in sentiment about the company.