Akin Okan I. 4

What Happened
Akin Okan I., Senior Executive Vice President and Chief Risk Officer of Stellar Bancorp (STEL), had 618 shares of common stock withheld to satisfy tax liability arising from the vesting of previously granted restricted shares. The withholding was executed at $35.51 per share for a total value of $21,945. This transaction is a tax-withholding disposition (Form 4 code "F"), not an open-market sale or a new purchase.

Key Details

• Transaction date and price: 2026-03-15 — 618 shares at $35.51 per share (total $21,945)
• Transaction type/code: F — payment of tax liability via share withholding
• Shares owned after transaction: Not reported in this Form 4
• Footnote: F1 — Represents shares withheld to satisfy tax liability for vesting of restricted shares of Common Stock previously reported
• Filing: Report filed 2026-03-17 for the 2026-03-15 transaction; no late-filing indicator shown

Context
Share withholding to cover taxes on vested restricted stock is a routine administrative transaction (often viewed as a cashless settlement) and does not by itself signal the insider’s buy/sell sentiment. It reduces the insider’s reported share count but is distinct from an open-market sale.