Wilson Bank Director Jack W. Bell Exercises 1,059 Options (Net Cash)

What Happened
Jack W. Bell, a director of Wilson Bank Holding Co., exercised 1,059 non-qualified stock options on 2026-08-04. The exercise was settled via a net cash settlement, so no shares were issued to Mr. Bell and the Form 4 reports $0 for shares transferred.

Key Details

• Transaction date: 2026-08-04; transaction code: M (option exercise/conversion).
• Price per share reported: $0.00; reported disposed/received value: $0.
• Exercise settled by net cash — no shares issued upon exercise (Footnote F1).
• The options fully vested on 2021-09-26 and all related shares have been exercised (Footnote F2).
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Filing date matches the transaction date (no late filing indicated).

Context
An M-code transaction indicates an option exercise. Because this was a net cash settlement (sometimes called a cashless/net exercise), the insider received cash value instead of receiving and holding shares, so this event does not change the director’s share count. Net-cash settlements are routine and do not necessarily indicate a change in sentiment about the company.