Christel David J 4

What Happened David J. Christel, President of Northpointe Bancshares Inc. (NPB), had 9,333 restricted stock units (RSUs) vest and convert into 9,333 shares on April 1, 2026. To satisfy tax withholding, 3,673 of those shares were withheld/sold at $17.26 per share for a value of $63,396, leaving a net 5,660 shares delivered to Christel. The RSU conversion is reported as an M (exercise/conversion) event; the withholding is an F (tax payment) disposition.

Key Details

• Transaction date: April 1, 2026 (reported on Form 4 filed April 2, 2026). Filing appears timely.
• RSU conversion: 9,333 RSUs → 9,333 shares (reported as acquired at $0.00 per share).
• Tax withholding: 3,673 shares disposed at $17.26 per share = $63,396 (code F).
• Net shares received: 9,333 − 3,673 = 5,660 shares.
• Footnotes: RSUs convert one-for-one into common stock; 9,333 RSUs vested on April 1, 2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context This was a routine equity-compensation event (RSU vesting) rather than an open-market purchase or a voluntary sale by the insider. The withholding of shares to cover taxes is common and does not by itself indicate a change in the insider’s market view. The exercise/conversion at $0 reflects RSU vesting (no exercise price).