BACCI ARTHUR J 4

What Happened
Arthur J. Bacci, Executive Vice President and Chief Operating Officer of WSFS Financial Corp (WSFS), exercised a total of 2,005 stock options on Feb 9, 2026 and sold the resulting 2,005 shares in open-market trades the same day. The exercises included 59 shares at $36.11 and 1,946 shares at $51.84 (1,929 + 17 entries), costing about $103,010 in aggregate; the shares were sold at $70.51 each for total proceeds of approximately $141,373. The gross cash difference between sale proceeds and option exercise cost is roughly $38,363 (before taxes and fees).

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (within the normal 2-business-day window).
• Options exercised: 2,005 shares total — 59 @ $36.11; 1,929 @ $51.84; 17 @ $51.84. Total exercise cost shown: ~$103,010.
• Open-market sales: 2,005 shares sold — 1,929, 59, and 17 shares sold @ $70.51 each; total sale proceeds: ~$141,373.
• Derivative disposals: Two zero-dollar derivative dispositions totaling 2,005 shares were reported (likely reflecting surrender of shares to cover exercise cost or tax withholding).
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Filing timeliness: Filed Feb 11 for a Feb 9 transaction — appears timely (not marked late).

Context
This was an option exercise followed by same-day open-market sales (a cashless exercise pattern). The $0 “derivative” dispositions reported likely represent shares surrendered to the company to satisfy exercise payment or tax-withholding obligations; such mechanics are administrative and do not necessarily indicate a change in sentiment. Purchases (net buys) generally convey more direct bullish signal than immediate-sale exercises; here the insider converted options to cash on exercise.