Raffetto Richard A 4
4 · FLAGSTAR BANK, NATIONAL ASSOCIATION · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Flagstar (FLG) SEVP Richard Raffetto Buys 753 Shares
What Happened
Richard A. Raffetto, Senior Executive Vice President and President of Commercial & Private Banking at Flagstar Bank (NYSE: FLG), reported multiple transactions in 2025 that resulted in a net purchase of 753 shares (total purchases 757 shares; 4 shares sold). Details: 570 shares at $11.85 on 2025-03-04 (≈ $6,755), 92 shares at $11.67 on 2025-06-04 (≈ $1,074), a sale of 4 shares at $12.93 on 2025-09-04 (≈ $52), and 95 shares at $12.85 on 2025-12-04 (≈ $1,221). Aggregate cash flow: roughly $9,050 of purchases and $52 of sales, netting about $8,998 invested.
Key Details
- Transaction types: March 4 & June 4 listed as discretionary transactions; Sept 4 was an open-market sale; Dec 4 was an open-market purchase.
- Prices & dates: 3/4/2025 — 570 @ $11.85; 6/4/2025 — 92 @ $11.67; 9/4/2025 — 4 @ $12.93 (sale); 12/4/2025 — 95 @ $12.85.
- Shares owned after transaction: not disclosed on the filing.
- Footnotes / plan activity:
- Many transactions involve the issuer’s qualifying 401(k) plan and are exempt under Rule 16b-3(f) (intra-plan transfers).
- Includes routine payroll contributions (e.g., 552 shares noted) and dividend reinvestment (fractional shares credited on March/June/Sept/Dec dividend dates).
- A Sep 4 transfer out and Dec 4 transfer back were plan rebalancing moves that produced matchable transactions; any profit from those rebalancing moves was disgorged to the issuer.
- Filing timeliness: Form 4 was filed 2026-02-06 for transactions in 2025, indicating a delayed filing (reduces the timeliness of disclosure).
Context
- These purchases are largely plan-driven (payroll contributions, dividend reinvestment, intra-plan transfers) rather than large discretionary open-market buys—such plan activity is common and exempt from short-swing profit rules.
- The small sale (4 shares) is minor relative to purchases and likely related to plan rebalancing (see footnote on disgorgement).
- No options exercised or gifts reported in this filing.
Insider Transaction Report
Form 4
Raffetto Richard A
SEVP Pres of Com & Priv Bnking
Transactions
- Discretionary Transaction
Common Stock
[F1][F2]2025-03-04$11.85/sh+570$6,755→ 1,122 total(indirect: By 401(k)) - Discretionary Transaction
Common Stock
[F1][F3]2025-06-04$11.67/sh+92$1,074→ 1,215 total(indirect: By 401(k)) - Sale
Common Stock
[F4][F5][F6]2025-09-04$12.93/sh−4$52→ 1,212 total(indirect: By 401(k)) - Purchase
Common Stock
[F4][F6][F7]2025-12-04$12.85/sh+95$1,221→ 1,386 total(indirect: By 401(k))
Footnotes (7)
- [F1]Intra-Plan Transfer by the reporting person within the Issuer's qualifying 401(k) Plan, are exempt pursuant to Rule 16b3(f).
- [F2]Includes 552 shares acquired from routine payroll contributions within the Issuer's qualifying 401(k) Plan.
- [F3]Includes .47 shares that were acquired due to dividend reinvestment in the Plan on March 17, 2025, which with aggregated fractional shares which resulted in an increase in whole shares.
- [F4]Intra-Plan Transfer by the reporting person within the Issuer's qualifying 401(k) Plan.
- [F5]Includes 1 share that was acquired as a result of dividend reinvestment on June 17, 2025.
- [F6]On September 4, 2025, shares of common stock of the Issuer were transferred out of the stock fund of the reporting person's 401(k) plan due to the instructions to rebalance certain securities within the 401(k) plan. On December 4, 2025, the 401(k) plan was rebalanced and shares of common stock of the Issuer were transferred back into the Issuer stock fund within the 401(k) plan which created two matchable transactions. The profit realized by these transactions was disgorged to the Issuer.
- [F7]Includes 1 share that was acquired on September 17, 2025, and 1 share acquired on December 17, 2025 both from dividend reinvestment, and 77 shares acquired from routine payroll contributions in January 2026.
Signature
/s/ Jan M. Klym, by Power of Attorney|2026-02-06