Butler Amy M 4

What Happened
Amy M. Butler, Executive Vice President, National Sales at Northpointe Bancshares, was granted 21,000 restricted stock units (RSUs) on April 1, 2026. The grant is recorded as a derivative acquisition at $0.00 per share (i.e., an award of RSUs rather than a cash purchase). This is a compensation award, not a market purchase or sale.

Key Details

• Transaction date: April 1, 2026; Form 4 filed June 5, 2026 (filed late relative to the SEC’s typical 2-business-day requirement).
• Grant: 21,000 RSUs, acquisition price reported as $0.00 (transaction code A = Award/Grant).
• Shares owned after transaction: Not reported in the provided filing details.
• Footnotes: RSUs convert one-for-one into common shares (F1). Vesting: approximately equal annual installments on April 1, 2027, 2028 and 2029 (F2).
• No sale or exercise reported — award subject to vesting and possible forfeiture until vested.

Context
RSUs are a common form of equity compensation that convert to actual shares if and when they vest; they do not require the executive to pay for the shares up front. Because this is an award tied to employment/compensation, it is different from an insider purchase (which some investors view as a bullish signal) or a sale (which can be a liquidity event). The late filing reduces the timeliness of public disclosure but does not itself indicate the reason for the award.