Parke Bancorp (PKBK) CFO Jonathan Hill Exercises Options, Sells Shares

What Happened

• Jonathan D. Hill, Chief Financial Officer of Parke Bancorp, exercised 2,000 stock options at an exercise price of $19.03 per share (cost $38,060) on 2026-08-13 and immediately sold those 2,000 shares in the open market at $34.96 per share for total proceeds of $69,920. The transaction effectively realized net proceeds of about $31,860 before taxes and fees. This sequence is a common cashless exercise followed by an open-market sale (a disposal).

Key Details

• Transaction date: 2026-08-13
• Exercise (derivative code M): 2,000 shares at $19.03 — total exercise cost $38,060 (acquired)
• Open-market sale (code S): 2,000 shares at $34.96 — proceeds $69,920 (disposed)
• Derivative disposition entry (code M) reflects the exercised options that were disposed of
• Shares owned after the transactions: not disclosed in the Form 4 filing
• Filing date: 2026-08-17 — filed on the SEC Form 4 within the required window (timely); no 10b5-1 plan, tax withholding, or other footnotes were indicated in the filing

Context

• This was an exercise of options followed immediately by a sale (cashless exercise), which turns an option gain into realized cash; such transactions are common for executives and don’t necessarily signal a change in view on the company.
• The sale proceeds ($69.9k) and the exercise cost ($38.1k) are modest relative to large-cap insider trades but represent routine liquidity by an officer.