Pantilione Nicholas J 4

What Happened

• Nicholas J. Pantilione, Chief Lending Officer of Parke Bancorp (PKBK), exercised stock-derived awards to acquire 14,675 shares (10,000 at $12.29 and 4,675 at $20.14) and sold 14,675 shares in transactions dated Feb 18, 2026. The open-market sale of 14,675 shares was at $28.29 per share, generating $415,156 in proceeds. The exercise costs reported were $122,900 (10,000 x $12.29) and $94,155 (4,675 x $20.14), totaling $217,055.

Key Details

• Transaction date: 2026-02-18; Form filed: 2026-02-20 (timely).
• Exercise/acquisitions: 10,000 shares @ $12.29 and 4,675 shares @ $20.14 (total cost $217,055).
• Sales: 14,675 shares sold @ $28.29 for $415,156 proceeds.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 notes restricted stock units vest 20% per year over 5 years (each RSU converts to one share on vesting).
• No 10b5-1 plan, late filing, or other special conditions were reported in the excerpt.

Context

• This sequence indicates an option/exercise event followed by a same-day sale (often a cashless or simultaneous sell-to-cover). The filing shows the exercise of derivative awards (code M) and the immediate disposition of the resulting shares (sale). Sales reduce insider holdings; exercises followed by immediate sales often reflect liquidity/tax actions rather than a directional bet on the stock.