DOBSON ARRET F 4

What Happened

• Arret F. Dobson, a director of Parke Bancorp (PKBK), reported exercising in‑the‑money derivatives and selling shares. The filing shows he exercised 13,500 derivative shares at $12.29 per share (cost $165,915). He also reported two disposals: an open‑market sale of 11,000 shares at $31.61 ($347,710) and a derivative‑related disposal of 13,500 shares (reported value $165,915). On a simple arithmetic basis the filing reports 13,500 shares acquired and 24,500 shares disposed — a net decrease of 11,000 shares.

Key Details

• Transaction date(s): 2026-05-27; Filing date: 2026-05-29 (appears timely for a Form 4).
• Exercise: 13,500 shares at $12.29 each — total reported cost $165,915.
• Open‑market sale: 11,000 shares at $31.61 each — total proceeds $347,710.
• Derivative disposal: 13,500 shares reported as disposed (value $165,915) related to the exercise entry.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote F1: Restricted stock units convert into common shares upon vesting (20% per year over 5 years).
• Transaction codes: X = exercise of derivative; S = sale.

Context

• The filing shows an exercise of in‑the‑money derivative(s) and immediate disposals. This pattern is commonly associated with exercising options and selling some or all of the resulting shares (e.g., to cover the exercise cost and taxes), but the filing itself does not state the insider's motivation.
• Sales do not necessarily indicate negative sentiment; many insider sales are routine (taxes, diversification, liquidity). The record here reflects both an acquisition (exercise) and larger disposals on the same date.