Capital Bancorp Inc: director Deborah Ratnersalzberg exercised 1,800 shares

What happened Deborah Ratnersalzberg, a director, exercised options for 1,800 shares on Sep 25, 2026, at $26.41 per share for $47,538. The filing shows 1,322 shares were surrendered/withheld to satisfy tax liability at $35.98 per share for $47,566. The filing also records the derivative instrument as disposed/converted (1,800 shares at $0.00). The Form 4 was amended to reflect 6,990 shares held by the reporting person's trust.

Key details

• Transaction date: Sep 25, 2026.
• Exercise (code M): 1,800 shares at $26.41, value $47,538.
• Tax payment/withholding (code F): 1,322 shares at $35.98, value $47,566.
• Derivative disposition: 1,800 shares at $0.00 (derivative).
• Shares owned after the transaction: 6,990 shares held by the reporting person's trust (per amended footnote; transfer from direct ownership on Jun 14, 2023 with no change in aggregate beneficial ownership) (F1).
• Vesting note: stock options vest in four equal annual installments beginning on the first anniversary of grant (F2). Restricted stock units represent one share each (F3) and vest on Mar 2, 2027 (F4).
• Filing date: Oct 16, 2026 (the Form 4 was amended and was filed after the Sep 25, 2026 transaction).

Why it may matter

• The filing shows an option exercise with shares withheld to cover taxes, i.e., a partial cashless exercise (1,800 shares acquired, 1,322 shares withheld).
• The Form 4 was amended to show trust holdings of 6,990 shares transferred on Jun 14, 2023 without a change in aggregate beneficial ownership.
  A filing does not show why the insider traded or why the company acted.