John T. Phillips - Jul 18, 2024 Form 4 Insider Report for Bank7 Corp. (BSVN)

Role
Sr. EVP; COO; and Secretary, Director
Signature
Kelly Harris, Attorney-In-Fact
Stock symbol
BSVN
Transactions as of
Jul 18, 2024
Transactions value $
-$102,210
Form type
4
Date filed
7/22/2024, 04:42 PM
Previous filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSVN Common stock, par value $0.01 per share Options Exercise $227K +11.9K +67.08% $19.00 29.7K Jul 18, 2024 Direct F3, F4, F5, F6, F7
transaction BSVN Common stock, par value $0.01 per share Sale -$436K -11.9K -40.15% $36.53 17.8K Jul 18, 2024 Direct F1, F3, F4, F5, F6, F7
transaction BSVN Common stock, par value $0.01 per share Options Exercise $153K +8.06K +45.26% $19.00 25.9K Jul 19, 2024 Direct F3, F4, F5, F6, F7
transaction BSVN Common stock, par value $0.01 per share Sale -$45.9K -1.26K -4.86% $36.52 24.6K Jul 19, 2024 Direct F2, F3, F4, F5, F6, F7
holding BSVN Common stock, par value $0.01 per share 215K Jul 18, 2024 By Trust F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BSVN Employee Stock Options Options Exercise $0 -11.9K -59.71% $0.00 8.06K Jul 18, 2024 Common Stock 11.9K $19.00 Direct F9
transaction BSVN Employee Stock Options Options Exercise $0 -8.06K -100% $0.00* 0 Jul 19, 2024 Common Stock 8.06K $19.00 Direct F9
* 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 The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $36.50 to $37.00. Upon request, the reporting person will provide the SEC, the company, or any stockholder full information regarding the number of shares sold at each price in the range.
F2 The price reported is a weighted average. The shares were sold in multiple transactions at prices ranging from $36.50 to $36.67. Upon request, the reporting person will provide the SEC, the company, or any stockholder full information regarding the number of shares sold at each price in the range.
F3 Includes 5,435 restricted stock units that vest in three equal installments on February 15, 2025, 2026, and 2027.
F4 Includes 4,698 restricted stock units. The original grant of 7,046 restricted stock units vests in three equal installments on February 15, 2024, 2025, and 2026.
F5 Includes 3,750 restricted stock units. The original grant of 7,500 restricted stock units vests in four equal installments on December 17, 2022, 2023, 2024, and 2025.
F6 Includes 1,250 restricted stock units. The original grant of 5,000 restricted stock units vests in four equal installments on January 4, 2022, 2023, 2024, and 2025.
F7 Includes 800 restricted stock units. The original grant of 4,000 restricted stock units vests in five equal installments on January 6, 2021, 2022, 2023, 2024, and 2025.
F8 Mr. Phillips is the sole trustee of the John T. Phillips Revocable Trust (the "Trust") and has voting and dispositive power over the shares held by the Trust.
F9 Represents a grant of 20,000 employee stock options that vested in four equal installments on September 20, 2019, 2020, 2021, and 2022.