HECKER MARK E 4

What Happened

• Mark E. Hecker, EVP & Chief Credit Officer of Southern Missouri Bancorp (SMBC), exercised employee stock options to acquire 4,000 shares on July 29, 2026. The exercises were for 2,000 shares at $37.31 ($74,620) and 2,000 shares at $34.35 ($68,700), for an aggregate exercise price of $143,320.
• To pay the exercise price he delivered (surrendered) 1,830 previously owned shares to the issuer (reported as a disposition) with a fair market value of $143,307, plus $13 in cash. The surrendered shares were disposed to the issuer at $78.31 per share. Net new shares received from the exercise = 4,000 − 1,830 = 2,170 shares.

Key Details

• Transactions date: July 29, 2026.
  • Exercised 2,000 options @ $37.31 = $74,620 (acquired)
  • Exercised 2,000 options @ $34.35 = $68,700 (acquired)
  • Disposition to issuer: 1,830 shares @ $78.31 = $143,307 (used to pay exercise)
• Transaction codes: M = option exercise; D = disposition to issuer (surrendered shares).
• Aggregate exercise price paid: $143,320 (paid via delivery of 1,830 shares valued $143,307 and $13 cash).
• Shares owned after transaction: not stated in this Form 4 (filing does not disclose total holdings).
• Footnotes: F1 explains the cashless-style payment (share delivery + $13). Footnotes F10 and F11 describe vesting schedules for the option grants (options vest 20% per year over five years; first installments vested 2/10/22 and 2/18/21, respectively).
• Filing timeliness: Reported on Form 4 with a filing date of 2026-07-31 for a 2026-07-29 transaction — filed within the usual two-business-day window.

Context

• This was an exercise of stock options with a partial cashless element (surrender of existing shares to cover the exercise cost). Hecker retained a net of 2,170 newly issued shares after the surrender.
• These kinds of option exercises are common for executives and do not by themselves indicate a change in sentiment; they often reflect vesting and option monetization mechanics rather than open-market buying or selling.