Levitt Randall James 4/A

What Happened

• Randall James Levitt, a director of Capital Bancorp Inc. (CBNK), received two restricted stock unit (RSU) awards totaling 6,616 RSUs (1,360 and 5,256) on 2026-03-02 and exercised/converted 811 derivative shares on 2026-03-03. All reported transactions show $0.00 per share on the Form 4 (no cash amounts reported).
• The exercise/conversion of 811 shares was both acquired and disposed of on 2026-03-03 (i.e., 811 shares were converted/received and 811 shares were immediately disposed the same day), which typically indicates an immediate sale or sale-to-cover following an exercise rather than a long-term buy.

Key Details

• Transaction dates and reported prices:
  • 2026-03-02: Grants/awards (A) — 1,360 RSUs @ $0.00 and 5,256 RSUs @ $0.00 (total 6,616 RSUs).
  • 2026-03-03: Exercise/conversion (M) — 811 shares acquired @ $0.00 and 811 shares disposed @ $0.00 (same day).
• Vesting notes from the filing:
  • Each RSU represents the right to one share (F2).
  • Some RSUs vest on 3/3/2026 and others on 3/2/2027 (F3, F5).
  • Stock options (mentioned in footnotes) vest in four equal annual installments beginning on the first anniversary of grant (F4).
• Filing status: This is an amended Form 4 — the amendment changes the reported nature of ownership from indirect to direct for the total common stock owned following the March 3, 2026 transaction (F1). The amendment corrects ownership reporting; no dollar amounts for the transactions were reported on the Form 4 excerpt provided.

Context

• Awards (RSUs) are acquisitions but do not require cash outlay by the insider; they indicate future share issuance subject to vesting and are not an immediate market purchase signal.
• The immediate disposal of the 811 shares on the same day as conversion suggests a cashless exercise or sale-to-cover rather than a buy-and-hold decision; such transactions are common when insiders exercise options or convert awards and sell shares to cover taxes or exercise costs.
• The amendment changing ownership from indirect to direct is an administrative correction to how Levitt’s holdings are reported and does not itself represent additional trading activity.