Wait Brett Levi 4
Research Summary
AI-generated summary
Five Star Bancorp (FSBC) SVP/CIO Brett Wait Sells 1,640 Shares
What Happened
- Brett Levi Wait, Senior Vice President and Chief Information Officer of Five Star Bancorp (FSBC), sold 1,640 shares in an open-market transaction on May 26, 2026 at $42.27 per share, for total proceeds of $69,323. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date and price: 2026-05-26 — 1,640 shares sold at $42.27 per share (total $69,323).
- Transaction type: Open-market sale (SEC code S).
- Shares owned after the transaction: Not specified in the provided excerpt of the filing.
- Footnote summary (F1): Reports currently held and scheduled equity awards under the Five Star Bancorp 2021 Equity Incentive Plan including (a) 6,000 shares (2,400 vested; 3,600 vesting in equal installments over the remainder of a five‑year period), (b) 907 shares (181 vested; 726 vesting in equal installments over the remainder of a five‑year period), and (c) 905 shares that vest in equal installments over a five‑year period beginning in 2027.
- Filing timeliness: Report filed 2026-05-27 for a 2026-05-26 transaction (filed within the standard reporting window).
Context
- This was a straightforward open-market sale of existing shares. Sales by insiders are often for liquidity or portfolio reasons and do not by themselves indicate the company’s outlook. No 10b5‑1 trading plan, tax-withholding, or option exercise was disclosed in the provided details.