Lee Michael Eugene 4
4 · FIVE STAR BANCORP · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Five Star Bancorp (FSBC) SVP Michael Lee Sells Shares, Receives Award
What Happened
- Michael E. Lee, Senior VP and Chief Regulatory Officer of Five Star Bancorp (FSBC), reported two transactions on May 21, 2026: an open-market or private sale of 867 shares at $41.23 each for proceeds of $35,746, and the receipt of 905 shares as a grant/award (priced at $0.00, i.e., restricted stock).
- The sale is a disposition (code S) and the award is a grant of restricted stock (code A). Sales are often routine transactions; the award represents equity compensation that generally vests over time.
Key Details
- Transaction dates and prices:
- 2026-05-21 — Sold 867 shares @ $41.23 (total $35,746).
- 2026-05-21 — Received 905 shares as an award @ $0.00 (restricted stock).
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- F1: References previously granted awards under the Five Star Bancorp 2021 Equity Incentive Plan (e.g., 6,000-share and 907-share grants with portions already vested and the remainder vesting in equal annual installments over five years).
- F2: Some shares are held by The Michael E. Lee & Kaylin M. Fadel‑Lee Family Revocable Trust, where Mr. Lee is a trustee.
- F3: The 905-share award vests annually in equal installments over five years, provided continued employment.
- Timeliness: The Form 4 was filed on 2026-05-26 for transactions dated 2026-05-21 (filed five days after the transactions). Form 4s are generally required within two business days of a transaction, so this filing was late.
Context
- The award is restricted stock that vests over multiple years (not an immediate saleable purchase), so it’s a compensation grant rather than an open‑market buy signal.
- The sale reduces Mr. Lee’s holdings by 867 shares; without the post-transaction holdings reported, the filing doesn’t show his total stake.
Insider Transaction Report
Form 4
Lee Michael Eugene
SVP, Chief Regulatory Officer
Transactions
- Sale
Common Stock
[F1][F2]2026-05-21$41.23/sh−867$35,746→ 32,764 total(indirect: By Trust) - Award
Common Stock
[F3][F1][F2]2026-05-21+905→ 33,669 total(indirect: By Trust)
Footnotes (3)
- [F1]Includes 6,000 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 2,400 shares which have vested and 3,600 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates) and 907 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 181 shares which have vested and 726 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates).
- [F2]Shares are held by The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust, for which Mr. Lee serves as a trustee.
- [F3]Granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan. The award of restricted stock vests annually in equal installments over five years, provided Mr. Lee, the reporting person, remains employed by Five Star Bancorp on the respective vesting dates.
Signature
/s/ Michael E. Lee, by Heather C. Luck, Attorney-in-Fact|2026-05-26