Joe Sr Penland - Jun 10, 2024 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: Jun 10, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/12/2024, 04:31 PM
Previous filing: Jun 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STEL	Common Stock	Award	$0	+2.66K	+0.46%	$0.00	583K	Jun 10, 2024	Direct	F1
holding	STEL	Common Stock						4K	Jun 10, 2024	By Quality Mat Company	F2
holding	STEL	Common Stock						725K	Jun 10, 2024	By Tram Road Partners LP	F3
holding	STEL	Common Stock						227K	Jun 10, 2024	By Penland Foundation	F4

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

Explanation of Responses:

Id	Content
F1	Represents restricted shares of Common Stock that will vest on May 1, 2025, subject to continued service as a director of the issuer on such date.
F2	The reporting person is the chief executive officer of Quality Mat Company, a Texas corporation. The reporting person disclaims 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.
F3	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, L.P., a Texas limited partnership. The reporting person disclaims 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.
F4	The reporting person serves as trustee of the Penland Foundation. The reporting person disclaims 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.