Wait Brett Levi 4

What Happened
Brett Levi Wait, Senior Vice President and Chief Information Officer of Five Star Bancorp (FSBC), was granted 905 shares of restricted common stock on May 21, 2026. The reported acquisition price is $0.00 (a compensation award rather than a market purchase), so no cash changed hands. The award vests annually in equal installments over five years, contingent on continued employment.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26.
• Transaction type/code: Award/Grant (A); 905 shares acquired at $0.00 (restricted stock).
• Vesting: Award vests in equal annual installments over five years, subject to continued employment (see footnote F1).
• Prior/related holdings (footnote F2): filing notes prior grants including 6,000 shares (2,400 vested; 3,600 unvested) and 907 shares (181 vested; 726 unvested). The filing does not state a single total “shares owned after” figure beyond these referenced grants.
• No 10b5-1 plan, cashless exercise, gift, or tax-withholding code is indicated in the disclosed transaction.

Context
This is a standard restricted stock compensation grant used for retention and alignment with shareholders; it is an acquisition of equity via award rather than an open-market buy. Because the shares vest over time and are employment-contingent, they are not immediately liquid and do not imply an immediate bullish or bearish trade by the insider.