Cavellier James M Jr 4

What Happened James Cavellier Jr., Chief Investment Officer of Cass Information Systems, received a grant of 2,201 restricted stock bonus shares on January 22, 2026. The shares were acquired at $0.00 (no cash paid). The award is reported on a Form 4 as an "A" (award/grant) transaction; the filing lists the value of the acquisition as $0.

Key Details

• Transaction date: 2026-01-22; Form 4 filed: 2026-01-26 (filing timeliness not specified in the filing).
• Shares acquired: 2,201 restricted shares; acquisition price reported as $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — restricted stock bonus award with a cliff vesting that expires on the third anniversary of the award; F2 — these are restricted shares subject to vesting and forfeiture.
• Transaction code: A (award/grant).

Context This was a restricted stock bonus award rather than an open-market purchase or sale. Because the shares are subject to a multi-year cliff vest and forfeiture conditions, they are not immediately liquid and do not by themselves indicate near-term buying or selling intent. Awards like this are commonly used for compensation and retention.