TURNER JOSEPH W 4

What Happened

• Joseph W. Turner, a 10% owner of Great Southern Bancorp (GSBC), exercised 6,000 options on April 30, 2026 at $52.20 per share (cost = $313,200) and the same day sold 6,000 shares in the open market at $68.16 per share (proceeds ≈ $408,962). He also reported a small DRIP acquisition of 17 shares on April 14, 2026 at $67.57 (≈ $1,149). The filing was submitted May 1, 2026.
• The sequence (exercise followed by a sale) is consistent with a cashless exercise — acquiring shares by exercising options and immediately selling shares to cover the exercise/tax costs. Sales are routine insider activity and do not, by themselves, indicate a change in company prospects.

Key Details

• Transaction dates and prices:
  • 2026-04-30: Option exercise (code M) — 6,000 shares at $52.20 (acquired; $313,200).
  • 2026-04-30: Open-market sale (code S) — 6,000 shares at $68.16 (disposed; $408,962).
  • 2026-04-14: DRIP (code J) — 17 shares at $67.57 (acquired; $1,149).
  • Filing date: 2026-05-01; reporting period includes transactions through 2026-04-30.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1 notes the 17-share DRIP acquisition is exempt from Section 16 reporting and was reported voluntarily.
  • The filing includes multiple vesting-schedule footnotes related to previously granted awards; those describe future vesting dates and are not new share issuances in this filing.
  • The filing shows the derivative (option) being extinguished on exercise (M code) — reflected as both an acquisition of underlying shares and disposition of the derivative.
• Timeliness: filing appears to have been made May 1, 2026 for transactions in mid/late April; no late-filing flag is indicated in the excerpt.

Context

• For retail investors: exercising options and immediately selling the underlying shares (cashless exercise) is common to cover exercise costs and tax withholding and should not be read as a standalone bullish or bearish signal.
• As a 10% owner, Turner is a large shareholder under SEC rules; his trades are reported for transparency but may represent personal liquidity or tax planning rather than a view on near-term company performance.