Filing Details

Accession Number:
0001289130-23-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-14 18:27:04
Reporting Period:
2023-03-13
Accepted Time:
2023-03-14 18:27:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1473844 Stellar Bancorp Inc. STEL () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1289130 Sr Joe Penland 9 Greenway Plaza, Suite 110
Houston TX 77046
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-03-13 2,500 $26.17 484,616 No 4 P Direct
Common Stock Acquisiton 2023-03-13 700 $25.92 216,370 No 4 P Indirect By Penland Foundation
Common Stock Acquisiton 2023-03-13 6,800 $27.33 223,170 No 4 P Indirect By Penland Foundation
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Indirect By Penland Foundation
No 4 P Indirect By Penland Foundation
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 724,636 Indirect By Tram Road Partners LP
Footnotes
  1. 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.
  2. 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.
  3. 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.