Wilkinson Jeffrey A 4

What Happened

• Jeffrey A. Wilkinson, a director of Third Coast Bancshares, exercised options covering 14,776 shares at a strike price of $21.77 on 2026-03-03. The exercise is reported with a total value of about $321,674.
• The Form 4 also records a disposition entry for the same 14,776 shares on the same date, indicating a likely cashless exercise or immediate sale (commonly done to cover the exercise price and/or taxes). This is not a straightforward open‑market purchase.

Key Details

• Transaction date: 2026-03-03; Exercise price: $21.77; Shares: 14,776; Reported value: $321,674.
• Transaction code: M (option exercise); filing also shows a derivative disposition for the same shares.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-03-09 — about six days after the transaction, which appears late relative to the usual 2-business-day Form 4 deadline.
• No 10b5-1 plan or tax‑withholding details are noted in the information provided.

Context

• For retail investors: an option exercise followed by an immediate disposition is often procedural (to cover costs or taxes) rather than a directional bet on the stock. Purchases by insiders tend to be more informative about insider sentiment than routine option exercises and related sales.
• Transaction code M = exercise/conversion of derivative; the paired acquisition + disposition entries in this filing are the reason this likely reflects a cashless or same‑day sale.