DALTON DANIEL J 4

What Happened

• Daniel J. Dalton, a director of Parke Bancorp (PKBK), executed option exercises and sales at the end of January 2026. He exercised options that resulted in the acquisition of 10,000 shares at $12.29 ($122,900 total acquired) and concurrently had 10,000 shares from an option exercise recorded as disposed at $12.29 ($122,900). He also sold 5,000 shares in an open-market sale on 2026-01-27 at $27.57 for $137,850. Overall, the transactions show 10,000 shares acquired via exercise and 15,000 shares disposed (10,000 derivative / 5,000 open market), a net decrease of 5,000 shares in this set of transactions.

Key Details

• Transaction dates and prices:
  • 2026-01-27: Exercised options — 5,000 shares acquired @ $12.29 = $61,450
  • 2026-01-27: Exercised options — 10,000 shares disposed (derivative) @ $12.29 = $122,900
  • 2026-01-27: Open-market sale — 5,000 shares sold @ $27.57 = $137,850
  • 2026-01-28: Exercised options — 5,000 shares acquired @ $12.29 = $61,450
• Total acquired via exercise: 10,000 shares at $12.29 = $122,900.
• Total disposed: 15,000 shares (10,000 derivative at $12.29 = $122,900; 5,000 open-market at $27.57 = $137,850).
• Shares owned after transaction: not stated in the provided filing excerpt.
• Notable items: derivative entries (code M) indicate option exercises; one exercise entry is marked as a disposal (common when shares are surrendered/withheld or immediately sold to cover costs/taxes). No 10b5-1 or other plan notation provided in the excerpt.
• Filing timeliness: Form 4 filed 2026-01-29 for transactions on 2026-01-27 and 1/28 — appears timely (not marked late).

Context

• For retail investors: the filings show Dalton exercised options (a routine way insiders acquire shares) and sold shares the same week. When option exercises are immediately followed by disposals, that often reflects a cashless exercise or share-withholding to cover exercise cost/taxes; the filing lists the exercise and the related disposal separately. Purchases (exercises) can be viewed as a contribution of capital into equity at the exercise price, while open-market sales realize proceeds. No additional company- or insider-level context (e.g., 10% owner status or a 10b5-1 plan) was provided in the excerpt.