Sexton Heidi 4/A

What Happened

• Heidi Sexton, Executive Vice President and COO of Sound Financial Bancorp (SFBC), exercised options on 2025-11-13 to acquire 2,500 shares at $28.34 per share (value ≈ $70,850). On the same date 1,584 shares were surrendered/withheld at $44.74 per share (value ≈ $70,868) to cover tax or exercise obligations. The filing also reports a 2,500-share derivative conversion entry at $0.00. This is an options exercise/tax-withholding transaction — a routine insider event rather than an open‑market buy or sell.

Key Details

• Transaction date: 2025-11-13 (reported via an amended Form 4 filed 2026-01-23 — filed ~71 days after the transaction; late).
• Primary exercise: 2,500 shares acquired at $28.34 each (≈ $70,850).
• Withholding/payment: 1,584 shares disposed at $44.74 each (≈ $70,868) to satisfy tax/exercise liabilities (transaction code F).
• Additional entry: 2,500-share derivative conversion/exercise reported at $0.00 (transaction code M) — see filing for specifics.
• Shares owned after the transaction: Not specified in the information provided in this summary.
• Footnotes of note:
  • F1: Option is fully exercisable.
  • F2–F4: Vesting schedules referenced (multiple option grants vesting over 3–5 years).
  • F5: Amendment includes previously unreported automatic allocations to the Company’s ESOP and 401(k); these allocations were automatic and not a separate reportable transaction by the reporting person.

Context

• This was an exercise of options rather than an open-market purchase or sale. The surrender/withholding of 1,584 shares to cover tax/exercise costs is consistent with a cashless or share‑withholding method to satisfy obligations; such withholdings are routine and do not necessarily indicate a change in insider sentiment.
• The filing is an amended Form 4 and was submitted well after the two-business-day reporting window (late), and it also adds ESOP/401(k) share allocations that were automatically credited to the reporting person’s account.