STEL Sevp, GC & Secretary Justin Long Sells 53,093 Shares
Justin Long sold 53,093 shares of Stellar Bancorp on July 1, 2026, as part of a wave of insider selling.
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Justin Long, SEVP, GC & Secretary at Stellar Bancorp, Inc. ($STEL), sold 53,093 shares on July 1, 2026. The trade was reported to the SEC in a Form 4 filing.
STEL
Stellar Bancorp, Inc.
Key Points
- On July 1, 2026, Justin Long sold 53,093 shares of Stellar Bancorp (STEL) valued at approximately $2.1 million based on the day's closing price of $39.32.
- This sale is part of a broader trend, as other insiders also sold shares on the same day, including Jason Sirkel and Steven Retzloff.
- Stellar Bancorp has a market cap of about $2 billion and a P/E ratio of 19.1, reflecting its position in the regional banking sector.
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Insider Buying and Selling at Stellar Bancorp, Inc.
On July 1, 2026, Justin Long, the Senior Executive Vice President, General Counsel, and Secretary of Stellar Bancorp (NYSE: STEL), sold 53,093 shares. The transaction was valued at about $2.1 million based on the closing price of $39.32 on that day. This sale is part of a series of insider transactions occurring on the same date.
A Wave of Insider Transactions
Long's sale adds to a notable pattern of insider selling at Stellar Bancorp. On the same day, Chief Banking Officer Jason Sirkel sold 65,535 shares, and Executive Chairman Steven Retzloff sold 552,815 shares. Other insiders, including Frances Jeter and Reagan Reaud, also sold shares, with Jeter offloading 29,136 and Reaud selling 13,263 shares. Additionally, Penland Joe Sr. sold over 1.5 million shares, marking a significant day for insider activity at the bank.
Stock Performance Context
Stellar Bancorp's stock has been trading near its 52-week high of $40.21, which suggests that insiders might be capitalizing on favorable market conditions. The stock has shown resilience, closing at $39.32 on July 1, just slightly above its previous close of $39.31. This performance indicates a healthy interest in the stock among investors, despite the recent insider selling.
What STEL Does
Stellar Bancorp, based in Houston, Texas, operates as a bank holding company offering a variety of banking products and services. It primarily serves small and medium-sized businesses, as well as individual customers, providing everything from checking accounts to commercial loans. The recent insider selling may reflect executives' views on the company’s valuation and market conditions.
What's Ahead for STEL
Investors will be closely monitoring any further insider transactions and the overall performance of Stellar Bancorp. The recent wave of selling could prompt questions about future expectations for the bank. As a reminder, these transactions reflect past actions and may not indicate current intentions. The company's next earnings report is yet to be announced, and further filings could provide additional insights into its financial health.
Related Filing Alerts
Source: Justin Long's Form 4 filing on $STEL (Jul 1, 2026). Find the original filing: STEL Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts