4//SEC Filing
Penland Joe Sr 4
Accession 0001289130-23-000002
CIK 0001473844other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 6:27 PM ET
Size
10.1 KB
Accession
0001289130-23-000002
Insider Transaction Report
Form 4
Penland Joe Sr
Director
Transactions
- Purchase
Common Stock
2023-03-13$25.92/sh+700$18,144→ 216,370 total(indirect: By Foundation) - Purchase
Common Stock
2023-03-13$27.33/sh+6,800$185,826→ 223,170 total(indirect: By Foundation) - Purchase
Common Stock
2023-03-13$26.17/sh+2,500$65,419→ 484,616 total
Holdings
- 724,636(indirect: By Tram Road Partners LP)
Common Stock
Footnotes (3)
- [F1]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.
- [F2]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.16 to $27.475, 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 in footnote (1) to this Form 4.
- [F3]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.
Documents
Issuer
Stellar Bancorp, Inc.
CIK 0001473844
Entity typeother
Related Parties
1- filerCIK 0001289130
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 6:27 PM ET
- Size
- 10.1 KB