Waters Samuel 4

What Happened

• Samuel Waters, a director of Eagle Bancorp Montana, sold 2,100 shares on Feb 20, 2026 at $22.48 per share, for a total of $47,208. The Form 4 reports the disposition as an open-market/private sale (code S). A footnote states the shares were sold to diversify retirement assets.

Key Details

• Transaction date: 2026-02-20
• Transaction type: Sale (open-market/private) — 2,100 shares at $22.48 each
• Total value: $47,208
• Shares owned after transaction: not disclosed in the provided filing excerpt
• Footnote: F1 — shares sold to diversify retirement assets
• Form filed: 2026-02-23 (filed three days after the trade; appears to meet the typical two-business-day Form 4 reporting window)

Context

• Sales by directors are often routine (e.g., portfolio rebalancing or retirement planning) and—per the footnote—this sale was for diversification of retirement assets, which reduces its implication as a negative signal about company prospects. Purchases or option exercises followed by purchases generally provide clearer bullish signals than routine sales.