Wilson Bank Holding Director James Patton Exercises 3,000 Options

What Happened

• James Anthony Patton, a director of Wilson Bank Holding Co., exercised 3,000 non-qualified stock options on 2026-08-17. The reported exercise price was $0.00. According to the filing, 2,400 options were settled for cash (no shares issued) and 600 shares were issued as common stock to the reporting person’s grandchildren; the reporting person disclaims beneficial ownership of those 600 shares. The option had fully vested on 9/26/2021 and all option shares have now been exercised.

Key Details

• Transaction date: 2026-08-17; reported on Form 4 the same day.
• Transaction type: Option exercise (derivative code M); price reported $0.00.
• Shares involved: 3,000 options exercised — 2,400 net-cash settled (no shares issued), 600 shares issued to grandchildren.
• Shares owned after transaction: Filing indicates the reporting person disclaims beneficial ownership of the 600 issued shares; the filing shows no beneficial ownership retained from these exercised options.
• Notable footnotes: F1 explains the net cash settlement and the gift to grandchildren; F2 notes the option fully vested on 9/26/2021 and all shares were exercised.
• Filing timeliness: Filed for the 2026-08-17 transaction on 2026-08-17; no late filing indicated.

Context

• Net cash settlement (cashless component): 2,400 options were settled for cash rather than issuing shares, so there was no increase in the director’s share holdings from that portion.
• Gifted shares: The 600 shares issued to grandchildren are gifts and the reporting person disclaims beneficial ownership; gifts do not necessarily reflect the insider’s view on the company’s stock.
• This transaction is an exercise of vested options rather than an open-market purchase or sale; it does not by itself signal a buy/sell opinion.