Lindarev Anguel 4/A

What Happened

• Lindarev Anguel, EVP and Chief Information Officer of Capital Bancorp (CBNK), converted 584 restricted stock units (derivative conversion) into 584 shares on 2025-03-18. As tax withholding, 173 of those shares were surrendered/disposed at an attributed value of $28.49 per share, totaling about $4,929. Net issued to Anguel was 411 shares.
• This was not an open-market purchase or sale for cash by the insider; it was the conversion/vesting of previously granted RSUs with shares withheld to cover tax liability.

Key Details

• Transaction date: 2025-03-18 (reported in an amended Form 4 filed 2026-01-30). Filing is amended and appears late.
• Converted/issued: 584 shares @ $0.00 (derivative conversion, code M).
• Tax withholding: 173 shares disposed @ $28.49 = $4,929 (code F).
• Net newly acquired shares: 411 (584 issued minus 173 withheld).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = each RSU equals one share; F2/F4 describe RSU vesting schedules; F3 describes stock option vesting for other awards. The F-code indicates shares were withheld to satisfy tax withholding.
• No 10% owner or 10b5-1 plan noted.

Context

• RSU conversions are common when restricted awards vest; withholding shares for taxes is routine and does not necessarily indicate a change in the insider’s view of the company.
• Because this is an amended, late filing, investors should note timing irregularity but the economic impact of these transactions is small (tax withholding ~ $4.9k).