Joe Sr Penland - Oct 1, 2022 Form 4 Insider Report for Stellar Bancorp, Inc. (STEL)

Role: Director
Signature: /s/ Justin M. Long, attorney-in-fact
Stock symbol: STEL
Transactions as of: Oct 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/4/2022, 09:55 PM
Previous filing: Feb 3, 2022
Next filing: Mar 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STEL	Common Stock	Disposed to Issuer	$0	-402	-0.08%	$0.00	482K	Oct 1, 2022	Direct
holding	STEL	Common Stock						216K	Oct 1, 2022	By Penland Foundation	F1
holding	STEL	Common Stock						725K	Oct 1, 2022	By Tram Road Partners LP	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person serves as trustee of the Penland Foundation. The reporting person disclaims beneficial ownership of these securities except to the extent 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.
F2	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.

Content

The reporting person serves as trustee of the Penland Foundation. The reporting person disclaims beneficial ownership of these securities except to the extent 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 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.