Long Thomas E 4

What Happened

• Thomas E. Long, a director of Texas Capital Bancshares, reported an option-related transaction on 2026-04-22. The Form 4 shows an acquisition of 1,670 shares and a same-day disposition of 1,670 shares, both reported at $0.00 (transaction code M for exercise/conversion of derivatives).
• The filing reports no cash consideration; the pattern (exercise and immediate disposition with $0 reported) is consistent with a net-share settlement, cashless exercise, or transfer to cover tax/withholding obligations rather than an open-market purchase or sale that generated proceeds.

Key Details

• Transaction date: 2026-04-22 (reported on Form 4 filed 2026-04-23 — timely)
• Transactions: Exercise/conversion of derivative (code M) — Acquired 1,670 shares @ $0.00; Disposed 1,670 shares @ $0.00
• Reported dollar value: $0 for both acquisition and disposition entries in the filing excerpt
• Shares owned after transaction: Not reported in the provided excerpt
• Footnotes: F1: N/A
• Filing timeliness: Filed the next day (not flagged as late)

Context

• For derivative transactions: this looks like an option exercise with an immediate disposition (e.g., cashless exercise or sell-to-cover). Because no cash purchase occurred and no proceeds were reported, it is not the same signal as an outright open-market buy or sell.
• For retail investors: exercises followed by immediate disposition are often administrative/tax-related and don't necessarily indicate a change in the insider's view of the company.