Lee Michael Eugene 4

What Happened
Michael E. Lee, Senior Vice President and Chief Regulatory Officer of Five Star Bancorp (FSBC), sold 1,200 shares in an open-market/private sale on February 17, 2026, at $40.73 per share, for total proceeds of $48,882. This was a sale (not a purchase or option exercise) and is typically a routine insider disposition.

Key Details

• Transaction date: 2026-02-17; Price: $40.73 per share; Shares sold: 1,200; Proceeds: $48,882.
• Filing date: 2026-02-19 — filed within the normal two-business-day window for Form 4s (not reported late).
• Shares owned after the transaction: not specified in the materials provided.
• Footnotes of note:
  • F1: Mr. Lee holds a number of equity grants under the Five Star Bancorp 2021 Equity Incentive Plan (totaling grants of 4,332; 6,000; and 907 shares across different grant schedules), with portions already vested and others vesting over multi-year schedules.
  • F2: Some shares are held by The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust, for which Mr. Lee is a trustee.

Context
Sales by executives can be routine (e.g., diversification, tax planning) and don’t by themselves indicate a change in company fundamentals. No option exercise, gift, or tax-withholding event was reported for this transaction; it was a straightforward sale.