SHEPPARD JACK C JR 4

What Happened Jack C. Sheppard Jr., a director of Parke Bancorp, exercised in-the-money options and immediately sold the resulting shares on January 28, 2026. He exercised 22,500 shares at a strike price of $12.29 (cost = $276,525) and sold 22,500 shares in an open-market transaction at $27.03 for gross proceeds of $608,175. The filing shows the exercise and the sale on the same date, indicating the shares were disposed upon exercise.

Key Details

• Transaction date: 2026-01-28
• Exercise: 22,500 shares at $12.29 per share — aggregate cost $276,525 (code X)
• Sale: 22,500 shares at $27.03 per share — gross proceeds $608,175 (code S)
• Net proceeds (gross sale minus exercise cost): approximately $331,650
• Shares owned after transaction: not specified in the information provided
• Footnotes/plan: filing lists a derivative exercise and an immediate sale; no 10b5-1 or tax-withholding note was provided in the summary data
• Timeliness: no late-filing indicator noted in the provided record

Context This was an options exercise followed by an immediate sale (commonly a cashless exercise), meaning the insider converted options into shares and sold them the same day. Such transactions are often procedural (to cover the exercise cost or taxes) rather than a clear signal of confidence or concern about the company; this summary is factual and does not speculate on motive.