Gotelli Robert 4
4 · Bank of Marin Bancorp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Bank of Marin (BMRC) EVP Robert Gotelli Exercises Options
What Happened
- Robert Gotelli, Executive Vice President of Bank of Marin Bancorp (BMRC), exercised stock options on Feb 27, 2026. The Form 4 reports an acquisition of 1,200 shares at an exercise price of $24.83 per share for a total cash outlay of $29,796. The filing also shows a simultaneous disposition entry for 1,200 shares listed as a derivative with $0.00 proceeds.
Key Details
- Transaction date: 2026-02-27
- Exercise (code M): Acquired 1,200 shares @ $24.83 = $29,796
- Simultaneous derivative entry: Disposed 1,200 shares @ $0.00 (filing lists as "Derivative")
- Shares owned after transaction: not specified in the provided filing details
- Footnotes: F1 — exercisable 33% per year beginning on the first anniversary of the grant; F2 — exercisable 33% immediately, then 33% per year beginning on the first anniversary
- Filing date (accession): 2026-03-02; no late-filing flag provided in the supplied data
Context
- The filing documents an option exercise (M). The paired $0.00 derivative disposal line may reflect a net-share settlement, withholding, or conversion step commonly used in option exercises, but the filing itself does not state the reason. This is not an open-market purchase or sale; it is an insider exercising vested compensation.
Insider Transaction Report
Form 4
Gotelli Robert
EXECUTIVE VICE PRESIDENT
Transactions
- Exercise/Conversion
Common Stock
2026-02-27$24.83/sh+1,200$29,796→ 33,971 total - Exercise/Conversion
Stock Options (Right to Buy)
[F1]2026-02-27−1,200→ 1,200 totalExercise: $24.83Exp: 2026-03-01→ Common Stock (2,400 underlying)
Holdings
- 17,151.049(indirect: By ESOP)
Common Stock
- 1,560
Stock Options (Right to Buy)
[F1]Exercise: $34.80Exp: 2027-03-01→ Common Stock (1,560 underlying) - 1,740
Stock Options (Right to Buy)
[F1]Exercise: $33.58Exp: 2028-03-01→ Common Stock (1,740 underlying) - 980
Stock Options (Right to Buy)
[F2]Exercise: $33.58Exp: 2028-03-01→ Common Stock (980 underlying) - 1,580
Stock Options (Right to Buy)
[F1]Exercise: $44.45Exp: 2029-03-01→ Common Stock (1,580 underlying) - 1,770
Stock Options (Right to Buy)
[F1]Exercise: $40.10Exp: 2030-03-02→ Common Stock (1,770 underlying) - 1,153
Stock Options (Right to Buy)
[F1]Exercise: $38.25Exp: 2031-03-01→ Common Stock (1,153 underlying) - 1,429
Stock Options (Right to Buy)
Exercise: $38.11From: 2021-10-29Exp: 2031-10-29→ Common Stock (1,429 underlying) - 1,944
Stock Options (Right to Buy)
[F1]Exercise: $34.03Exp: 2032-03-01→ Common Stock (1,944 underlying)
Footnotes (2)
- [F1]Exercisable 33% per year beginning on first anniversary date of grant.
- [F2]Exercisable 33% immediately, then 33% per year beginning on first anniversary date of grant.
Signature
/s/ Krissy Meyer, Attorney-in-Fact|2026-03-03