Five Star Director Moves 31,363 Shares Into Exemption Trust in $1.4M SEC-Filed Purchase

The indirect buy changes how the director’s roughly 259,000-share stake is reported and leaves a small block of incentive shares tied to future service.

Overview

SEC Form 4 shows director Robert Truxtun Perry-Smith had 31,363 shares bought by the Robert T. Perry-Smith Exemption Trust at a $44.00 weighted average price, a transaction valued at about $1.4 million.
After the trade the director holds no shares directly; his entire beneficial position of about 259,000 shares is now reported as held through the exemption trust.
The reported position includes 974 unvested shares granted under Five Star’s 2021 Equity Incentive Plan that are scheduled to vest on December 31, 2026 if he remains in service.
Company filings show insiders collectively own about 1.0% of outstanding Five Star Bancorp shares and the firm recently completed the underwriters’ option to sell a total 3,133,750 shares at $44.00, raising roughly $130.6 million for growth and working capital.
An exemption trust gives Perry-Smith indirect economic interest while changing disclosure labels for governance and investor record keeping, so observers should watch future Form 4s and the December vesting date for any further shifts in ownership or control.