Five Star Bancorp (FSBC) 10% Owner Larry Allbaugh Gifts 50,000 Shares

What Happened
Larry Eugene Allbaugh, reported as a 10% owner of Five Star Bancorp (FSBC), disposed of 50,000 shares on August 4, 2026 via a gift (transaction code G). The shares were transferred with $0 proceeds (a non‑cash gift). This was not a market sale or purchase and therefore does not reflect a cash‑raising trade.

Key Details

• Transaction date: August 4, 2026; Form 4 filed August 6, 2026 (appears timely within the usual 2‑business‑day Section 16 reporting window).
• Shares transferred: 50,000; Price per share: $0.00; Total proceeds: $0.
• Shares owned after transaction: not specified in the provided filing summary.
• Notable footnotes: F1 states the gift involved shares from Judy Oates‑Holt (beneficiary of a QSST Subtrust) to her child. Several footnotes (F2–F9, F10, F11) describe shares held by related trusts and entities for which 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.

Context
Gifts are transfers for estate/financial planning and do not necessarily signal insider sentiment about the stock. As a reported 10% owner (and trustee/manager of related trusts and entities), Mr. Allbaugh’s filings include standard disclaimers about indirect ownership and control; these arrangements can make beneficial ownership and motivations more complex than a simple buy/sell.