PCB BANCORP CEO Kim Henry Exercises 1,000 Options

What Happened
Kim Henry, President, CEO and Director of PCB BANCORP (PCB), exercised stock options on 2026-08-28 to acquire 1,000 common shares at $14.75 per share (total $14,750). The same filing also shows a conversion/disposition of 1,000 shares at $0.00 (no proceeds reported). The exercised option (code M) increased his beneficial ownership through acquisition; the $0.00 disposition is not a market sale and the filing does not detail the reason.

Key Details

• Transaction date: 2026-08-28 (reported in the Form 4 filed 2026-08-28)
• Acquired: 1,000 shares at $14.75 each — total $14,750 (option exercise, code M)
• Disposed/converted: 1,000 shares at $0.00 (derivative conversion/disposition) — $0 proceeds reported
• Shares owned after transaction: Not specified in the provided excerpt
• Footnote: F1 — options vest in four equal annual installments beginning one year after the 01/02/2018 grant date
• Filing timeliness: Filing date matches transaction date (appears timely); no 10b5-1 plan or late filing noted in the excerpt

Context

• Code M indicates an option exercise or conversion of a derivative. The first line is a straightforward exercise to buy 1,000 shares.
• The $0.00 disposition likely reflects a non-market settlement (for example, share surrender or withholding) but the Form 4 excerpt does not specify the reason, so it should not be interpreted as an open-market sale.
• Option exercises are common for executives and do not necessarily signal a change in sentiment; purchases are generally more informative than sales, but here the primary action was exercising vested options.