Travis Thomas L 4
Research Summary
AI-generated summary
Bank7 (BSVN) CEO Travis Thomas Pays Tax Withholding on 6,716 Shares
What Happened
- Travis Thomas, President & CEO and director of Bank7 Corp. (BSVN), had 6,716 shares withheld/disposed to satisfy tax withholding tied to equity vesting. The shares were valued at $43.92 each for a total of $294,967. The filing (Form 4) was submitted Feb 18, 2026 reporting the Feb 15, 2026 transaction.
- This was a tax-withholding disposition (transaction code F), not an open-market sale — a routine administrative action when restricted stock units (RSUs) vest.
Key Details
- Transaction date and price: Feb 15, 2026 — 6,716 shares @ $43.92 = $294,967.
- Transaction type: F = payment of exercise price or tax liability (shares surrendered to cover taxes).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing date: Form 4 filed Feb 18, 2026 (filed shortly after the transaction; appears timely).
- Relevant footnotes about RSU holdings in the filing:
- F1: Includes 4,364 RSUs vesting in three equal installments on July 29, 2026; 2027; 2028.
- F2: Includes 9,613 RSUs (from an original grant of 14,420) vesting in three equal installments on Feb 15, 2026; 2027; 2028.
- F3: Includes 5,496 RSUs (from an original grant of 16,486) vesting in three equal installments on Feb 15, 2025; 2026; 2027.
Context
- For retail investors: tax-withholding disposals are routine when executives receive RSUs and do not indicate a discretionary sale or view about the company. Because these shares were surrendered to meet tax obligations, they should not be interpreted as a confident selling signal by the CEO.