Capital Bancorp (CBNK) Director Brannan Scott Exercises Options

What Happened
Brannan C. Scott, a director of Capital Bancorp, exercised stock options on 2026-09-24 to acquire 2,250 shares at an exercise price of $26.41 per share, for a cash outlay of $59,423. The Form 4 also shows a corresponding disposition of 2,250 derivative securities at $0.00, which reflects the conversion/disposition of the option upon exercise (transaction code M).

Key Details

• Transaction date: 2026-09-24; filing date: 2026-09-25 (timely filing).
• Exercise: 2,250 shares acquired at $26.41 each = $59,423 total.
• Derivative disposition: 2,250 shares listed at $0.00 (conversion of the option into common shares).
• Shares owned after the transaction: not specified in the supplied filing data.
• Relevant footnotes from the filing:
  • F1: Stock options vest in four equal annual installments beginning on the first anniversary of the grant.
  • F2: Each Restricted Stock Unit (RSU) represents the right to receive one share.
  • F3: The referenced RSU will vest on 3/2/2027.
• Transaction code meaning: M = exercise/conversion of derivative securities.

Context
This was an exercise (cash paid to convert options into shares), and no immediate sale of the newly acquired shares was reported on this Form 4. The $0.00 disposition line is standard for the conversion of a derivative instrument into underlying shares and does not indicate a market sale.