George Martinez - 05 Dec 2022 Form 4/A - Amendment Insider Report for Stellar Bancorp, Inc. (STEL)

Role
Director
Signature
/s/ Shanna Kuzdzal, Attorney-in-fact
Issuer symbol
STEL
Transactions as of
05 Dec 2022
Net transactions value
-$1,787,613
Form type
4/A - Amendment
Filing time
26 Jan 2023, 15:58:38 UTC
Date Of Original Report
07 Dec 2022
Previous filing
04 Oct 2022
Next filing
09 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEL Common Stock Sale $647,759 -21,077 -5.8% $30.73 341,419 05 Dec 2022 By Martinez 2007 Family Partnership Ltd. F1, F2
transaction STEL Common Stock Sale $111,893 -3,519 -1% $31.80 337,900 05 Dec 2022 By Martinez 2007 Family Partnership Ltd. F1, F3
transaction STEL Common Stock Sale $33,078 -1,009 -0.3% $32.78 336,891 05 Dec 2022 By Martinez 2007 Family Partnership Ltd. F1, F4
transaction STEL Common Stock Sale $646,621 -21,099 -6.3% $30.65 315,792 06 Dec 2022 By Martinez 2007 Family Partnership Ltd. F1, F5
transaction STEL Common Stock Sale $348,262 -11,408 -3.6% $30.53 304,384 07 Dec 2022 By Martinez 2007 Family Partnership Ltd. F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 7, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.34 to $31.31, inclusive. The reporting person undertakes to provide to Stellar Bancorp, Inc., any security holder of Steller Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (6),
F3 These shares were sold in multiple transactions at prices ranging from $31.35 to $32.31, inclusive.
F4 These shares were sold in multiple transactions at prices ranging from $32.42 to $33.16, inclusive.
F5 These shares were sold in multiple transactions at prices ranging from $30.27 to $30.83, inclusive.
F6 These shares were sold in multiple transactions at prices ranging from $30.34 to $30.93, inclusive.

Remarks:

On December 7, 2022, the reporting person filed a Form 4 which inadvertently reported that, following the sales of shares of common stock, he indirectly owned 197,455 shares of Stellar Bancorp, Inc. In fact, the reporting person indirectly owned the shares of Stellar Bancorp, Inc. common stock reported in this amendment.