Orbach David M 4

What Happened David M. Orbach, Executive Chair and director of SR Bancorp (SRBK), exercised stock options on January 30, 2026 to acquire 19,016 shares at an exercise price of $12.50 per share, for a cash outlay of $237,700. The Form 4 also includes a second derivative line showing a disposition entry with no quantity or price information; no sale of shares is reported on this filing.

Key Details

• Transaction date: 2026-01-30. Exercise type: derivative exercise (code M).
• Shares acquired: 19,016 at $12.50/share; aggregate cost reported $237,700.
• Disposition line: a second derivative entry lists N/A quantity and $0.00 price; filing provides no further detail on that line.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1/F2 note restricted stock vesting at 20% per year (starting Jan 29, 2026 and Dec 17, 2026). F3/F4 state stock options vest at 20% per year (starting Jan 29, 2026 and Dec 17, 2026).
• Filing timeliness: report filed on 2026-01-30 (same date as the transaction), indicating a timely filing.

Context This filing documents an options exercise (a common way insiders convert option rights into company stock). The Form 4 does not show any immediate sale of the acquired shares, so the exercised shares appear to have been retained rather than sold. The included footnotes indicate multi-year vesting schedules for restricted stock and options (20% per year), which is typical for executive compensation packages.