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 $
$82,400
Form type
4
Date filed
5/8/2023, 04:33 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 $82.4K +4K $20.60 4K May 4, 2023 By Quality Mat Company F1
holding STEL Common Stock 578K May 4, 2023 Direct
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 reporting person is the chief executive officer of Quality Mat Company, a Texas corporation. 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.
F2 The reporting person 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.