Five Star Bancorp (FSBC) CEO reports 4,000-share open-market sale
Rhea-AI Filing Summary
Five Star Bancorp President & CEO James Eugene Beckwith reported indirect open-market sales of a total of 4,000 shares of common stock on March 9, 2026, at prices of $36.74 and $36.57 per share. The shares were held by the Beckwith Family Trust, for which he serves as trustee. After these transactions, 473,014 shares of common stock are reported as indirectly held in this trust. Additional indirect holdings are reported in accounts for certain family members, and a separate footnote states that Mr. Beckwith disclaims ownership of those securities.
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Insights
CEO’s 4,000‑share sale is small relative to his reported indirect holdings.
The Form 4 shows James Eugene Beckwith, President & CEO of Five Star Bancorp, executing two open-market sales totaling 4,000 common shares at around $36.70 per share via the Beckwith Family Trust. These are classic discretionary insider sales, not option exercises or tax withholdings.
Following the sales, the trust still reports holding 473,014 shares, so the disposition represents a very small fraction of the reported indirect position. Additional indirect positions are shown for family members, with a specific footnote where Mr. Beckwith disclaims ownership of those securities. No derivative positions are listed, suggesting this filing is mainly about routine portfolio management rather than a structural change in compensation or options exposure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $36.74 | $73K |
| Sale | Common Stock | 2,000 | $36.57 | $73K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes 45,000 shares which were granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 25,716 shares which have vested and 19,284 which are scheduled to vest in equal installments over the remainder of a seven-year period, provided Mr. Beckwith remains employed by Five Star Bancorp on the respective vesting dates), 20,000 shares which were granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan (including 8,000 shares which have vested and 12,000 which are scheduled to vest in equal installments over the remainder of a five-year period, provided Mr. Beckwith remains employed by Five Star Bancorp on the respective vesting dates), and 7,062 shares which were granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan and are scheduled to vest in equal installments over a five year period beginning in 2026, provided Mr. Beckwith remains employed by Five Star Bancorp on the respective vesting dates. Shares are held by the Beckwith Family Trust dated April 10, 1998, for which Mr. Beckwith serves as a trustee. Mr. Beckwith, the reporting person, disclaims ownership of these securities, and this report shall not be deemed an admission that Mr. Beckwith is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
