BERRA ALBERT L 4

What Happened

• Albert L. Berra, a director of Sierra Bancorp (BSRR), exercised stock options (transaction code M) on 2026-02-17 to acquire 5,000 common shares at a strike price of $17.25 per share, costing $86,250 in total. The same filing also reports a disposition of 5,000 derivative shares with $0 proceeds (reported as a derivative disposition).

Key Details

• Transaction date: 2026-02-17.
• Acquired: 5,000 shares at $17.25 each — total $86,250 (option exercise).
• Disposed (derivative): 5,000 shares at $0.00 — $0 proceeds (reported separately in the filing).
• Filing date: 2026-02-19 (covers 2026-02-17 transactions) — appears filed timely.
• Shares owned after the transactions: Not specified in the provided data; see the full Form 4 for post-transaction holdings and any footnotes.

Context

• Code M indicates an option exercise; the $0.00 disposition of 5,000 derivative shares often reflects share surrender or withholding (commonly used to cover taxes or option costs), but the filing should be checked for the issuer's footnote for exact treatment. The filing does not report an immediate open-market sale of the acquired shares.