Michael Anthony Rizzo - 20 Jan 2022 Form 4 Insider Report for FIVE STAR BANCORP (FSBC)

Signature
/s/ Michael A. Rizzo, by Heather C. Luck, Attorney-in-Fact
Issuer symbol
FSBC
Transactions as of
20 Jan 2022
Net transactions value
$0
Form type
4
Filing time
24 Jan 2022, 15:39:09 UTC
Previous filing
25 May 2021
Next filing
02 Aug 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSBC Common Stock Award $0 +516 +2.3% $0.000000 22,906 20 Jan 2022 By self as trustee F1, F2
transaction FSBC Common Stock Gift $0 +641 $0.000000 641 11 May 2021 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan. One-third of the award of restricted stock vested immediately upon grant, with the remaining two-thirds to vest in equal annual installments over two years on January 1st of each year, provided Mr. Rizzo, the reporting person, remains employed by Five Star Bancorp on the respective vesting dates.
F2 Shares are held by The Rizzo Family Trust, dated December 4, 2019, for which Mr. Rizzo serves as trustee. Consists of 129 shares of unvested stock awards which are scheduled to vest on January 1, 2023 and 7,000 shares which were granted pursuant to the Five Star Bancorp 2021 Equity Incentive Plan and are scheduled to vest in equal installments over a five-year period, provided Mr. Rizzo remains employed by Five Star Bancorp on the respective vesting dates.
F3 Bona fide gift of shares to The Rizzo Living Trust, dated 4/29/99, for the benefit of Mr. Rizzo's minor child and for which Mr. Rizzo serves as custodian.