George Martinez - Dec 5, 2022 Form 4/A - Amendment Insider Report for Stellar Bancorp, Inc. (STEL)

Role
Director
Signature
/s/ Shanna Kuzdzal, Attorney-in-fact
Stock symbol
STEL
Transactions as of
Dec 5, 2022
Transactions value $
-$1,787,613
Form type
4/A - Amendment
Date filed
1/26/2023, 03:58 PM
Date Of Original Report
Dec 7, 2022
Previous filing
Oct 4, 2022
Next filing
Dec 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEL Common Stock Sale -$648K -21.1K -5.81% $30.73 341K Dec 5, 2022 By Martinez 2007 Family Partnership Ltd. F1, F2
transaction STEL Common Stock Sale -$112K -3.52K -1.03% $31.80 338K Dec 5, 2022 By Martinez 2007 Family Partnership Ltd. F1, F3
transaction STEL Common Stock Sale -$33.1K -1.01K -0.3% $32.78 337K Dec 5, 2022 By Martinez 2007 Family Partnership Ltd. F1, F4
transaction STEL Common Stock Sale -$647K -21.1K -6.26% $30.65 316K Dec 6, 2022 By Martinez 2007 Family Partnership Ltd. F1, F5
transaction STEL Common Stock Sale -$348K -11.4K -3.61% $30.53 304K Dec 7, 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.