Home > Insider Trading > Filing (0001289130-23-000002)

Filing Details

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

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.
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.
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.