D'Angelo John J 4

What Happened

• John J. D'Angelo, CEO of Investar Holding Corp. (ISTR), exercised options covering 29,070 shares on January 27, 2026 (exercise price $14.28). He sold 26,163 of those shares in the open market for a weighted-average price of $28.01, generating approximately $732,826 in gross proceeds. The company withheld 1,960 shares to cover the exercise price and tax withholding (valued at about $55,213). After the net exercise and withholding, Mr. D'Angelo received 947 shares.

Key Details

• Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (timely within the standard 2-business-day window).
• Option exercise details: 26,163 shares @ $14.28 (cost $373,608) and 2,907 shares @ $14.28 (cost $41,512).
• Sale details: 26,163 shares sold in multiple transactions at prices ranging $27.87–$28.30; weighted average $28.01; proceeds ~$732,826 (sales executed under a pre-established trading plan).
• Withholding/tax: 1,960 shares withheld to satisfy the exercise price/tax obligations (reported value ~$55,213).
• Net shares received: 947 shares after net (cashless) exercise of the 2,907-share option tranche.
• Footnotes: Sales and some transactions were made pursuant to a trading plan adopted October 28, 2025. The option fully vested (original grant of 29,070 shares vested in five annual installments beginning March 1, 2017).
• Shares owned after transaction: not provided in the supplied data.

Context

• This was an option exercise followed immediately by sales and share-withholding to cover costs and taxes — commonly called a "net" or cashless exercise. The open-market sales were made under a pre-existing trading plan (10b5-1 style), which typically schedules sales in advance and is routine for meeting tax and estate planning needs. This activity is factual insider reporting, not a statement of intent or market prediction.