The sale cluster is too small relative to market cap to justify a bearish read. Monitor for any upcoming earnings or credit-sensitive disclosures from this regional bank, but this filing alone does not warrant action.
Price Chart
Executive Summary
Two directors sold a combined $492K in open-market sales on the same day (May 21). At $524M market cap, the proceeds represent ~0.09% — below the 0.1% materiality threshold. Both sellers are non-C-suite directors, and the cluster is small in dollar terms, consistent with routine portfolio diversification. The sales lack a bearish signal at this scale.
Key Financial Metrics
Key Facts
- Two directors sold open-market shares totaling $492K on May 21, 2026.
- Crocker Mary Jayne sold 6,525 shares at $18.50 ($121K); Shellberg Jeffrey D. sold 20,000 shares at $18.55 ($371K).
- Total insider sales represent ~0.09% of BWB's $524M market cap — below the 0.1% materiality threshold.
- Both sellers are directors, not C-suite officers, reducing informational signal.
- No open-market insider purchases offset these sales; 30d prior activity shows $4K in buys vs $938K in sells.
Financial Impact
Total open-market sales of $492K represent ~0.09% of mar cap
Risk Factors
- Sustained insider selling without C-suite participation could indicate lack of conviction at board level, though dollar amounts are immaterial.
- Small banks face ongoing net interest margin pressure — the selling may reflect macro concerns rather than company-specific issues.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BWB-1779482427821 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $20.13 $20.67 | ▲ +2.68% | ▲ +3.86% | $20.58 (+2.24%) |
Aug 25, 2026 8w ago | Insider Cluster | $21.16 $21.32 | ▼ −0.76% | ▼ −0.10% | $20.58 (+2.74%) |
Aug 14, 2026 10w ago | Insider Cluster | $22.33 $22.35 | ▲ +0.09% | ▲ +0.77% | $20.58 (−7.84%) |
Aug 10, 2026 11w ago | Insider Cluster | $21.71 $22.01 | ▲ +1.38% | ▲ +1.13% | $20.58 (−5.20%) |
Aug 5, 2026 11w ago | Insider Cluster | $21.24 $21.64 | ▼ −1.88% | ▼ −1.27% | $20.58 (+3.11%) |
Aug 3, 2026 12w ago | Insider Cluster | $20.96 $21.07 | ▲ +0.52% | ▲ +0.72% | $20.58 (−1.81%) |
Jun 8, 2026 20w ago | Insider Cluster | $19.58 $19.63 | ▲ +0.26% | ▲ +1.83% | $20.58 (+5.11%) |
May 22, 2026 22w ago | Insider Cluster | $19.00 $18.82 | ▼ −0.95% | ▼ −0.96% | $20.58 (+8.32%) |
May 7, 2026 24w ago | Insider Cluster | $18.51 $18.52 | ▲ +0.05% | ▼ −0.78% | $20.58 (+11.18%) |
May 7, 2026 24w ago | Insider Cluster | $18.51 $18.52 | ▲ +0.05% | ▼ −0.78% | $20.58 (+11.18%) |
US Market Status
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