FIRSTSUN (FSUN) Director Beverly O. Elving Exercises Options, Sells Shares

What Happened
Beverly O. Elving, a director of FIRSTSUN Capital Bancorp (FSUN), exercised 7,553 stock options on August 13, 2026. The exercise required $148,945 (7,553 shares × $19.72 exercise price). To satisfy tax withholding, 4,505 shares were surrendered/disposed at a value of $40.88 per share (totaling $184,164). After withholding, Elving retained a net 3,048 shares from this transaction. The activity is an option exercise (acquisition) with a routine sell-to-cover for taxes rather than an intentional market sale for profit.

Key Details

• Transaction date: 2026-08-13
• Options exercised: 7,553 shares @ $19.72 (exercise cost $148,945) — code M
• Shares withheld/disposed to cover taxes: 4,505 shares @ $40.88 (value $184,164) — code F
• Derivative disposition: 7,553 shares reported as disposed at $0 (reflects conversion/cancellation of the option)
• Net shares retained from this event: 3,048 (7,553 acquired − 4,505 withheld)
• Shares owned following the transaction: not provided in the supplied data
• Filing: reported on Form 4 filed 2026-08-14 for a period of report 2026-08-13 (no indication of a late filing in the supplied info)

Context
This is a common "exercise and sell-to-cover" pattern: the director exercised options to acquire shares, then had a portion withheld to meet withholding/tax obligations. The withheld shares are not necessarily a directional sale signal to the market — they are used to pay taxes arising from the exercise. The derivative line at $0 simply reflects the conversion/cancellation of the option instrument upon exercise.