Westamerica Bancorporation (WABC) SVP sells 759 shares, retains ESOP stake

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Westamerica Bancorporation senior executive Robert James Baker Jr., SVP/Banking Division Manager, reported an open-market sale of 759 shares of common stock at $53.8337 per share. This transaction reduced his directly held shares to zero, while he continues to hold 3,729.514 shares indirectly through an ESOP as of the reported date.

Insider Trade Summary

Net Seller: 759 shares ($40,860)

Net Sell 2 txns

Insider Baker Robert James Jr

Role SVP/Banking Division Manager

Sold 759 shs ($41K)

Type	Security	Shares	Price	Value
Sale	Common Stock	759	$53.8337	$41K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 0 shares (Direct, null); Common Stock — 3,729.514 shares (Indirect, ESOP)

Footnotes (1)

Key Figures

Shares sold: 759 shares Sale price: $53.8337 per share Direct holdings after sale: 0 shares +2 more

5 metrics

Shares sold 759 shares Open-market sale of common stock on 2026-04-20

Sale price $53.8337 per share Price for 759-share open-market sale

Direct holdings after sale 0 shares Common stock directly owned following transaction

Indirect ESOP holdings 3,729.514 shares Common stock held indirectly through ESOP as of transaction date

Net share change -759 shares Net buy/sell shares across reported transactions

Key Terms

open-market sale, ESOP, indirect ownership, Form 4

4 terms

open-market sale financial

"Transaction code S is described as an open-market sale."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ESOP financial

"Indirect ownership is reported through an ESOP structure."

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

indirect ownership financial

"3,729.514 shares are listed as indirect ownership via ESOP."

Form 4 regulatory

"The insider activity is disclosed on SEC Form 4."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

04/20/2026 - 05:58 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^*

Baker Robert James Jr

(Last)

(First)

(Middle)

4550 MANGELS BLVD

(Street)

FAIRFIELD

CALIFORNIA

94534

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WESTAMERICA BANCORPORATION [ WABC ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP/Banking Division Manager

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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

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

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

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	04/20/2026		S		759	D	$53.8337	0	D
Common Stock								3,729.514	I	ESOP

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:

	/s/Robert James Baker, Jr.	04/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Westamerica Bancorporation (WABC) report for Robert James Baker Jr?

Westamerica Bancorporation reported that SVP/Banking Division Manager Robert James Baker Jr sold 759 shares of common stock in an open-market transaction. The sale was recorded at $53.8337 per share and left him with no directly held shares after the trade.

At what price were the WABC shares sold by the SVP in this Form 4?

The 759 Westamerica Bancorporation common shares were sold at an average price of $53.8337 per share. This figure reflects the transaction price disclosed in the Form 4 and is used to calculate the total value of this specific insider sale.

How many Westamerica Bancorporation shares does Robert James Baker Jr hold after the reported sale?

After the reported sale, Robert James Baker Jr holds 3,729.514 Westamerica Bancorporation common shares indirectly through an ESOP. His directly owned common stock position is shown as zero shares following the 759-share open-market sale reported in the Form 4.

What type of ownership is disclosed for Robert James Baker Jr’s remaining WABC shares?

The remaining 3,729.514 Westamerica Bancorporation shares are reported as indirect ownership through an ESOP. This means the shares are held within an employee stock ownership plan structure rather than in a directly owned brokerage or personal account.

Does this Westamerica Bancorporation Form 4 include any derivative securities for the SVP?

The filing shows no derivative security transactions or remaining derivative positions for Robert James Baker Jr. The Form 4 only reports common stock activity, consisting of an open-market sale and a separate ESOP-related holding entry for indirectly owned shares.