COPELAND REX A 4

What Happened
Rex A. Copeland, Treasurer and Senior VP of a GSBC subsidiary, exercised 1,797 stock options at an exercise price of $41.30 per share (cost $74,216) on 2026-02-06 and sold the same 1,797 shares in the open market the same day at $63.67 per share (sale proceeds $114,418). Net proceeds from the transaction were approximately $40,202 before fees and taxes. This was an exercise of derivative securities (code M) followed by an open-market sale (code S) — commonly a cashless exercise and immediate sale.

Key Details

• Transaction date: 2026-02-06. Exercise price: $41.30; sale price: $63.67.
• Shares exercised/acquired: 1,797; shares sold: 1,797.
• Gross sale proceeds: $114,418; exercise cost: $74,216; net ≈ $40,202 (before fees/taxes).
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes (vesting schedules) relate to prior grants with vesting dates between 2018 and 2027 (F1–F7 describe various tranche vesting).
• Filing date: 2026-02-06 (no late filing indicated in the provided data).

Context
Because the options were exercised and the resulting shares were sold the same day, this appears to be a cashless exercise with immediate liquidation of the shares — a routine executive liquidity event rather than an open-market purchase signaling added insider ownership. For retail investors, purchases typically carry more direct signaling value than routine option exercises followed by sales.