Capital Bancorp (CBNK) Director Bailey Ronnell Exercises Options

What Happened

• Bailey Jerome Ronnell, a director of Capital Bancorp, exercised/converted derivative awards on 2026-09-28 and acquired a total of 7,566 common shares for aggregate cash consideration of approximately $192,654. The exercises were reported in four tranches: 2,250 @ $26.41 ($59,423), 2,616 @ $23.54 ($61,581), 1,700 @ $24.20 ($41,140), and 1,000 @ $30.51 ($30,510).
• The filing also shows corresponding dispositions of the derivative instruments (each shown at $0.00), which reflects that the options/restricted units were converted into common shares. No sale of the newly acquired shares is reported on the Form 4.

Key Details

• Transaction date: 2026-09-28; Report filed: 2026-09-29 (timely filing).
• Tranches: 2,250 shares @ $26.41; 2,616 @ $23.54; 1,700 @ $24.20; 1,000 @ $30.51. Total acquired: 7,566 shares; total cash paid ≈ $192,654.
• Shares owned after the transaction: not specified in the provided filing extract.
• Transaction code: M (exercise or conversion of derivative/security).
• Footnotes from the filing:
  • F1: The stock options vest in four equal annual installments beginning on the first anniversary of grant.
  • F2: Each restricted stock unit (RSU) represents the right to receive one share of common stock.
  • F3: One RSU tranche will vest on 03/02/2027.
• No 10b5‑1 plan, no immediate sale of the acquired shares, and no tax‑withholding sale reported in the provided data.

Context

• This was an exercise/conversion (a form of acquisition) rather than an open‑market purchase; the derivative awards were converted into common shares and no sale was reported, so the insider appears to have retained the shares.
• Exercises can reflect routine option vesting and compensation mechanics; they are factual ownership changes and do not by themselves indicate a change in sentiment.