Joe B. Swinbank - Oct 1, 2022 Form 4 Insider Report for Stellar Bancorp, Inc. (STEL)

Role
Director
Signature
/s/ Justin M. Long, attorney-in-fact
Stock symbol
STEL
Transactions as of
Oct 1, 2022
Transactions value $
$0
Form type
4
Date filed
10/4/2022, 10:05 PM
Previous filing
Feb 3, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEL Common Stock Disposed to Issuer $0 -402 -0.25% $0.00 162K Oct 1, 2022 Direct
transaction STEL Common Stock Award +23.3K 23.3K Oct 1, 2022 By Swinbank Family Limited Partnership F1, F2
holding STEL Common Stock 102K Oct 1, 2022 By JBS/STS Grandchildren's Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received in exchange for shares of Allegiance Bancshares, Inc. ("Allegiance"). On October 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Allegiance merged with and into Stellar Bancorp, Inc., formerly CBTX, Inc. ("Stellar"), with Stellar as the surviving entity (the "Merger"). Pursuant to the Merger Agreement, each issued and outstanding share of Allegiance common stock was converted into the right to receive 1.4184 shares of Stellar common stock (the "exchange ratio").
F2 The reporting person controls the general partner of the Swinbank Family Limited Partnership.
F3 The reporting person possesses voting power over the shares held by the JBS/STS Grandchildren's Trust.