Black William J 4
Research Summary
AI-generated summary
BayCom (BCML) Exec Vice Chair William J. Black Buys 33,082 Shares
What Happened
- William J. Black, Executive Vice Chair and Director of BayCom Corp (BCML), made two open-market purchases (transaction code P) totaling 33,082 shares.
- On 2026-05-05 he acquired 6,533 shares at a weighted average price of $29.99 for about $195,925. On 2026-05-06 he acquired 26,549 shares at a weighted average price of $30.22 for about $802,311. Total consideration across both trades was approximately $998,236.
- These were purchases (insider buys), which investors often view as a potentially bullish signal, though filings do not state the insider’s motivation.
Key Details
- Transaction dates and reported prices:
- 2026-05-05: 6,533 shares @ $29.99 (weighted avg; actual prices ranged $29.75–$30.00) (see footnote F1).
- 2026-05-06: 26,549 shares @ $30.22 (weighted avg; actual prices ranged $29.98–$30.50) (see footnote F2).
- Total shares acquired: 33,082; total reported value: ~$998,236.
- Shares owned after transaction: Not specified in the information provided from this filing.
- Filing date: 2026-05-07 (appears timely relative to the May 5–6 trades).
- Notable footnotes: Prices are weighted averages from multiple trades; the filer offers to provide a breakdown of the number of shares purchased at each separate price within the reported ranges upon request.
Context
- These were straight purchases (no option exercises, awards, or gifts), so there's no cashless exercise or tax-withholding component to explain here.
- The filing does not indicate 10% owner status; Black is reported as an executive/director. Purchases by insiders can be informative but are not definitive indicators of future stock performance.