Thompson Kevin L 4

What Happened

• Kevin L. Thompson, Chief Financial Officer of BayCom Corp (BCML), was granted 25,000 performance stock units (PSUs) reported as a derivative acquisition on 2026-07-21 (Form 4 filed 2026-07-23). The reported acquisition price is $0.00 (grant).
• These PSUs become "Banked PSUs" only if the market vesting condition is met: the daily volume-weighted average price (VWAP) per share equals or exceeds $40.26 for twenty (20) consecutive trading days and the grant is certified by the issuer’s compensation committee. Upon settlement, awards will be paid 50% in shares and 50% in cash. The PSUs remain subject to Thompson’s continued employment through July 1, 2029, with accelerated vesting in certain situations.

Key Details

• Transaction date: 2026-07-21; reported on Form 4 filed 2026-07-23.
• Transaction type/code: A (award/grant); 25,000 PSUs granted at $0.00 (derivative grant).
• Shares owned after transaction: Not disclosed in the filing.
• Material footnote: Vesting is contingent on VWAP ≥ $40.26 for 20 consecutive trading days; awards convert to "Banked PSUs" upon satisfaction and require committee certification; settlement 50% stock / 50% cash; subject to continued employment through 7/1/2029; accelerated vesting possible in certain circumstances.
• Filing timeliness: Reported within two days of the transaction (no late filing indicated).

Context

• These are performance-based derivative awards, not an open-market purchase or sale. The PSUs do not represent immediately owned shares and will only convert to stock/cash if the specified market and employment conditions are met.
• For retail investors: grants like this are common executive compensation tools to align pay with stock performance; they should be viewed as contingent awards rather than immediate insider buying or selling.