Allbaugh Larry Eugene 4

What Happened
Larry Eugene Allbaugh, a 10% owner of Five Star Bancorp (FSBC), was granted 974 shares on January 29, 2026 as an award/other acquisition (Form 4 code A). The grant price reported is $0.00 (no cash paid). The filing shows this is an equity award rather than an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-01-29 — Award/Grant (code A) of 974 shares at $0.00.
• Vesting: Per footnote F1, all 974 shares are scheduled to vest on December 31, 2026, provided Mr. Allbaugh remains a director on that date.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Grant under the Five Star Bancorp 2021 Equity Incentive Plan with vesting condition described above.
  • F10 and F2–F9: Many existing shares are held via trusts and entities (Buzz Oates Group, Buzz Oates LLC, various trusts) where Mr. Allbaugh serves as trustee or has influence; he disclaims beneficial ownership of certain entity-held shares except to the extent of any pecuniary interest.
• Filing timeliness: Form filed 2026-02-02 for a 2026-01-29 transaction; this meets the typical two-business-day Form 4 reporting window (timely).

Context
This was an equity award (not a cash purchase or sale). Awards like this are common for directors and typically vest over time; they do not by themselves indicate buying or selling sentiment. As a reported 10% owner and director, some of Mr. Allbaugh’s holdings are held indirectly through trusts and companies, which the filing clarifies through disclaimers of beneficial ownership.