Jeter Frances H. 4

What Happened
Frances H. Jeter, a director of Stellar Bancorp, disposed of 29,136 shares on July 1, 2026. The Form 4 reports a "Disposition to the issuer" (code D) at $0.00 per share because Stellar shares were cancelled in a merger. Under the merger terms, each Stellar share was converted into 0.3803 shares of Prosperity Bancshares common stock and $11.36 in cash. For Jeter's 29,136 shares that equals approximately 11,080.4208 Prosperity shares plus $330,984.96 in cash.

Key Details

• Transaction date: July 1, 2026 (Effective Time of the merger)
• Form 4 line-item: Disposition to issuer (D) — 29,136 shares @ $0.00 = $0 reported (conversion recorded)
• Merger consideration (per footnote): 0.3803 Prosperity shares + $11.36 cash per Stellar share
• Total received (approx.): 11,080.4208 Prosperity shares and $330,984.96 cash
• Shares owned after transaction: Stellar common shares were cancelled (ownership of Stellar shares = 0)
• Filing timeliness: Reported with the July 1, 2026 transaction date (no late filing indicated)

Context: The transaction is a corporate action (merger-induced conversion), not an open-market sale or insider-initiated trade. The Form 4 shows the mechanical conversion of Stellar shares into the agreed merger consideration rather than a cash sale on the market.