Joe Sr Penland - May 4, 2023 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
May 4, 2023
Transactions value $
$344,876
Form type
4
Date filed
5/5/2023, 04:21 PM
Previous filing
May 4, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEL Common Stock Purchase $345K +16.5K +2.94% $20.92 578K May 4, 2023 Direct F1
holding STEL Common Stock 725K May 4, 2023 By Tram Road Partners LP F2
holding STEL Common Stock 227K May 4, 2023 By Penland Foundation F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.7500 to $21.0000, inclusive. The reporting person undertakes to provide to Stellar Bancorp, Inc., any security holder of Stellar 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.
F2 The reporting is the manager and member of Tram Road Managers, LLC, a Texas limited liability company, which is the general partner of Tram Road Partners, LP, a Texas limited partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended. or for any other purpose.
F3 The reporting person serves as trustee of the Penland Foundation. The reporting person disclaims beneficial ownership of these securities except of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.