RICHERSON HERBERT ELMER 4

What Happened Herbert E. Richerson, a director of Wilson Bank Holding Co., exercised options (derivative transaction code M) on 2026-05-18 to acquire 10,000 shares at an exercise price of $81.95 per share, representing $819,500 in total value. The filing shows the shares were "acquired" (no sale reported), meaning the shares were received rather than immediately sold.

Key Details

• Transaction date: 2026-05-18
• Transaction type: Option exercise (SEC code M) — 10,000 shares acquired at $81.95 per share = $819,500
• Filing date / Period of report: 2026-05-18 (filed same day) — not indicated as late
• Shares owned after transaction: Not specified in this Form 4 filing
• Footnote: The filing includes a note stating, "This Non-qualified Stock Option becomes exercisable in 5 equal annual installments beginning on 05/18/2027." (included verbatim from the filing)

Context

• Derivative explanation: This was an exercise of stock options — the insider converted option rights into 10,000 actual shares. Because the filing records the shares as "acquired" and no simultaneous sale is reported, this was not a cashless exercise-to-sale.
• What it may mean: Option exercises are common for insiders exercising vested compensation; they are not direct buy signals in the same way as open-market purchases but do increase the insider's shareholdings.