Dopjera Cynthia A 4

What Happened
Cynthia A. Dopjera, a director of Stellar Bancorp, reported dispositions of 10,895 and 538 shares (total 11,433 STEL shares) on July 1, 2026. These were recorded as "Disposition to the issuer (D)" at $0.00 per share because the 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 — totaling approximately $129,878.88 in cash plus about 4,347.97 Prosperity shares (rounded ~4,348 shares).

Key Details

• Transaction date: 2026-07-01; Transaction code: D (Disposition to issuer)
• Reported per-share price: $0.00 (shares were cancelled/converted as part of the merger)
• Merger consideration (per footnote): 0.3803 Prosperity shares + $11.36 cash per Stellar share
• Total surrendered: 11,433 STEL shares → cash ≈ $129,878.88 and ≈ 4,347.97 Prosperity shares (~4,348)
• Shares owned after transaction: Stellar common shares were cancelled at the Effective Time (i.e., 0 STEL shares); insider now holds the Prosperity shares received (noted above) — exact post-transaction Prosperity holding not provided in this extract
• Filing timing: Report period and filing date are 2026-07-01 (appears timely)
• Footnote: Transaction occurred at the Effective Time of the merger under the Agreement and Plan of Merger dated Jan 27, 2026.

Context
This was not an open-market sale but a contractual conversion of Stellar stock into Prosperity stock plus cash as part of a merger. Such dispositions in merger transactions reflect deal consideration, not a director-initiated sale for liquidity or sentiment; they do not by themselves indicate the director’s view of the combined company.