Bank7 (BSVN) CCO Jason Estes Exercises Options, Sells Shares

What Happened

• Jason E. Estes, Executive Vice President and Chief Compliance Officer of Bank7 Corp. (BSVN), exercised 1,250 shares via option conversion (cost $14.31 per share, $17,888 total) on July 21, 2026. He also sold shares in open-market transactions (total 5,049 shares) on July 21–22, 2026, generating approximately $247,669 in gross proceeds. The filing additionally reports a 1,250-share derivative disposition at $0.00 (see notes).
• Overall the Form 4 shows disposals of 6,299 shares (5,049 sold for cash plus a 1,250-share derivative disposal reported at $0.00) and an exercise/acquisition of 1,250 shares costing $17,888.

Key Details

• Transaction dates and prices:
  • 2026-07-21: Exercised 1,250 shares @ $14.31 (acquired) — $17,888.
  • 2026-07-21: Sold 1,250 shares @ $49.20 (disposed) — $61,500 (weighted average).
  • 2026-07-21: Sold 1,975 shares @ $49.70 (disposed) — $98,158.
  • 2026-07-22: Sold 1,824 shares @ $48.25 (disposed) — $88,011.
  • 2026-07-21: Derivative disposition of 1,250 shares @ $0.00 (disposed) — $0.
• Total open-market sale proceeds (cash sales): about $247,669 for 5,049 shares. Total disposals reported: 6,299 shares.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: The reported sale prices are weighted averages; actual sales occurred across $48.25–$49.75. The filer will provide a breakdown on request.
  • F2–F6: The filing references restricted stock units and prior option grants with scheduled vesting — these notes describe outstanding awards and vesting schedules.
• Filing timeliness: The Form 4 was filed on July 23, 2026 for transactions on July 21–22, 2026 — the filing appears timely.

Context

• This filing shows an option exercise paired with same-period open-market sales. When exercised shares are sold shortly after exercise (as here), it is commonly a cashless or immediate-sale pattern where exercised shares are converted and sold to generate proceeds (and sometimes to cover exercise costs or taxes).
• The derivative disposal reported at $0.00 often reflects shares withheld or surrendered to satisfy tax withholding or similar obligations; the filing’s footnotes or issuer can clarify the exact mechanics.
• These are insider sales (routine liquidity events) rather than purchases; sales do not by themselves indicate a change in company fundamentals.