Five Star Bancorp (FSBC) insider trust sells 1,200 shares

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Five Star Bancorp insider Michael E. Lee, SVP & Chief Regulatory Officer, reported an open-market sale of 1,200 shares of common stock at $39.3001 per share. The shares were sold indirectly through The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust, where he serves as trustee.

After this transaction, the trust holds 35,272 shares of Five Star Bancorp common stock. Footnotes explain that these holdings include multiple equity awards granted under the Five Star Bancorp 2021 Equity Incentive Plan, some already vested and others scheduled to vest over future years if his employment continues.

Insider Trade Summary

Net Seller: 1,200 shares ($47,160)

Net Sell 1 txn

Insider Lee Michael Eugene

Role SVP & Chief Regulatory Officer

Sold 1,200 shs ($47K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,200	$39.3001	$47K

Holdings After Transaction: Common Stock — 35,272 shares (Indirect, By self as trustee)

Footnotes (1)

Includes 4,332 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 3,465 shares which have vested and 867 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates), 6,000 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 2,400 shares which have vested and 3,600 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates), and 907 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan which are scheduled to vest in equal installments over a five-year period beginning in 2026, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates. Shares are held by The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust, for which Mr. Lee serves as a trustee.

Form 4 Insider Transactions: What Each Field Means →

02/23/2026 - 06:36 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lee Michael Eugene

(Last)

(First)

(Middle)

C/O FIVE STAR BANCORP

3100 ZINFANDEL DRIVE, SUITE 100

(Street)

RANCHO CORDOVA

95670

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FIVE STAR BANCORP [ FSBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP & Chief Regulatory Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/20/2026		S		1,200	D	$39.3001	35,272⁽¹⁾	I	By self as trustee⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes 4,332 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 3,465 shares which have vested and 867 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates), 6,000 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 2,400 shares which have vested and 3,600 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates), and 907 shares granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan which are scheduled to vest in equal installments over a five-year period beginning in 2026, provided Mr. Lee remains employed by Five Star Bancorp on the respective vesting dates.

2. Shares are held by The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust, for which Mr. Lee serves as a trustee.

Remarks:

	/s/ Michael E. Lee, by Heather C. Luck, Attorney-in-Fact	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FSBC report for Michael E. Lee?

FIVE STAR BANCORP reported that Michael E. Lee, SVP & Chief Regulatory Officer, oversaw an open-market sale of 1,200 shares of common stock. The transaction was conducted indirectly through a family revocable trust where he serves as trustee.

How many Five Star Bancorp (FSBC) shares were sold and at what price?

The filing shows an open-market sale of 1,200 shares of Five Star Bancorp common stock at a price of $39.3001 per share. This was classified as a non-derivative transaction with the code “S” for sale.

How many FSBC shares does Michael E. Lee’s trust hold after the sale?

After the reported sale, The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust holds 35,272 shares of Five Star Bancorp common stock. These are reported as indirectly owned, with Mr. Lee serving as trustee for the trust.

In what capacity does Michael E. Lee hold the sold FSBC shares?

The shares involved in the transaction are held indirectly through The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust. The filing notes that Michael E. Lee holds these shares “By self as trustee,” indicating trust-level ownership rather than direct personal holding.

What is Michael E. Lee’s role at Five Star Bancorp (FSBC)?

Michael E. Lee is identified as an officer of Five Star Bancorp, serving as SVP & Chief Regulatory Officer. His position and equity holdings are disclosed because officers are considered insiders and must report transactions in company stock on Form 4.

What equity awards are included in Michael E. Lee’s FSBC holdings?

Footnotes state the holdings include several grants under the Five Star Bancorp 2021 Equity Incentive Plan. These cover thousands of shares, some already vested and others scheduled to vest in equal installments over five-year periods, contingent on continued employment.