Five Star Bancorp Director Buys $1.4 Million in Shares via Trust

Jake Lerch, The Motley Fool Tue, July 28, 2026 at 6:10 AM PDT | 5 min read

• FSBC -0.86%

Robert Truxtun Perry-Smith, a Director at Five Star Bancorp (NASDAQ: FSBC), executed an indirect purchase of 31,363 shares of common stock on July 22, 2026, according to an SEC Form 4 filing.

Transaction Summary

• Transaction value based on SEC Form 4 weighted average purchase price: $44.00 per share
• Total purchase amount: Approximately $1.4 million
• Post-transaction value based on July 22, 2026 market close: $48.37 per share

Company Snapshot

• Sector: Financial Services
• Industry: Banks – Regional
• Market capitalization: $1.0 billion
• Trailing 12-month revenue: $278.2 million
• Employees: 233

Five Star Bancorp serves as the holding company for Five Star Bank and delivers a full spectrum of banking products and services. The institution caters to a diverse clientele, including small- and medium-sized businesses, professionals, and individual customers.

Key Questions

What is the nature of the entity through which the shares were acquired? The shares were purchased by the Robert T. Perry-Smith Exemption Trust, an entity established for the benefit of the director, who serves as its trustee.

How does this purchase relate to the director's total beneficial ownership? Following this transaction, the director holds no shares directly; his entire equity interest of approximately 259,000 shares is maintained through the exemption trust.

Are there any specific conditions attached to the reported holdings? The total position includes 974 unvested shares granted under the company's 2021 Equity Incentive Plan, which are scheduled to vest on December 31, 2026, contingent upon continued service.

What is the collective insider ownership of the firm? Insiders collectively hold 1.0% of the company's outstanding shares as of the July 24, 2026 filing.

Company Overview

Five Star Bancorp operates as the holding company for Five Star Bank, offering a comprehensive suite of banking products and services, including:

• Deposit accounts: Money market, checking, savings, and time deposits
• Lending portfolio: Commercial and residential real estate loans

The company generates revenue through net interest income on its loan and deposit portfolios, non-interest income from banking services and fees, and maintains profitability through disciplined cost management and credit risk assessment across its lending operations.

Five Star Bancorp serves small- and medium-sized businesses, professionals, and individual customers throughout its primary markets, positioning itself as a community-focused regional financial institution with personalized service.

The company has demonstrated strong market performance with a 58.75% one-year share price appreciation, reflecting investor confidence in its business execution and profitability metrics. As a regional bank, Five Star Bancorp competes through localized relationship banking, specialized lending expertise in its core markets, and a diversified deposit base that supports sustainable net interest margin expansion.

What This Transaction Means for Investors

Robert Truxtun Perry-Smith, a Director at Five Star Bancorp, recently acquired approximately $1.4 million worth of the company's stock. Here are some key takeaways for investors.

First, investors must understand that insider activity is not always driven by an executive's opinion of the underlying stock and whether it will rise or fall. Often, these transactions are part of complex estate planning or tax strategies. However, insider transactions can serve as an excellent introduction to often-overlooked companies.

Such is the case with Five Star Bancorp. This regional bank has delivered a total return of 124% since its debut via initial public offering (IPO) in May 2021. Over its lifetime, the stock has a compound annual growth rate (CAGR) of 16.6%, which compares favorably with the benchmark S&P 500.