Tombar Tymothi O. 4

What Happened

• Tombar Tymothi O., a director of Stellar Bancorp, disposed of 4,890 shares of Stellar Bancorp (STEL) on July 1, 2026. The Form 4 lists the disposition as to the issuer (code D) at $0.00 per share, because the shares were cancelled and converted as part of a merger.
• Under the merger terms, each STEL share was converted into 0.3803 shares of Prosperity Bancshares plus $11.36 in cash. For 4,890 STEL shares that equals approximately 1,859.67 Prosperity shares and $55,550.40 in cash.

Key Details

• Transaction date: 2026-07-01; Transaction code: D (Disposition to issuer).
• Per-share merger consideration: 0.3803 Prosperity shares + $11.36 cash.
• Total received (approx.): 1,859.67 Prosperity shares and $55,550.40 cash for 4,890 STEL shares.
• STEL shares owned after transaction: 0 (all outstanding STEL shares were cancelled at the Effective Time).
• Footnote: The disposition reflects the effective conversion under the Agreement and Plan of Merger dated Jan 27, 2026 (see footnote F1).
• Filing timeliness: Reported with the period date 2026-07-01 (no late filing indicated).

Context

• This was not an open-market sale; it is the result of a corporate merger where Stellar shares were cancelled and converted into Prosperity stock plus cash—reported as a disposition to the issuer.
• Such merger-driven dispositions reflect deal mechanics rather than a director’s trading decision and should be interpreted accordingly.