Ramon Vitulli III - Oct 1, 2024 Form 4 Insider Report for Stellar Bancorp, Inc. (STEL)

Role
President
Signature
/s/ Justin M. Long, attorney-in-fact
Stock symbol
STEL
Transactions as of
Oct 1, 2024
Transactions value $
-$314,967
Form type
4
Date filed
11/8/2024, 04:11 PM
Previous filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEL Common Stock Tax liability -$44.9K -1.8K -1.54% $24.89 115K Oct 1, 2024 Direct F1
transaction STEL Common Stock Sale -$270K -9K -7.8% $30.01 106K Nov 6, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax liability for 10/01/2024 vesting of restricted shares of Common Stock previously reported.
F2 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 8, 2024.