Okan I. Akin - 04 Dec 2023 Form 4 Insider Report for Stellar Bancorp, Inc. (STEL)

Role
Senior Executive VP, CRO
Signature
/s/ Justin M. Long, attorney-in-fact
Issuer symbol
STEL
Transactions as of
04 Dec 2023
Net transactions value
-$284,436
Form type
4
Filing time
06 Dec 2023, 17:09:53 UTC
Previous filing
03 Oct 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEL Common Stock Options Exercise $158,032 +11,200 +15% $14.11 84,485 04 Dec 2023 Direct
transaction STEL Common Stock Sale $284,436 -11,200 -13% $25.40 73,285 04 Dec 2023 Direct F1

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 STEL Common Stock Options Exercise $158,032 -11,200 -100% $14.11 0 04 Dec 2023 Common Stock 11,200 $14.11 Direct F2, 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 sold in multiple transactions at prices ranging from $25.33 to $25.47, 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 Denotes exercise of employee option (right to buy) common stock.
F3 Currently exercisable.