Transaction details
On February 20, 2026, Five Star Bancorp (NASDAQ:FSBC) Senior Vice President and Chief Regulatory Officer Michael Eugene Lee sold 1,200 shares of the bank's common stock at a per-share price of $39.3001, producing gross proceeds of $47,160 for the transaction.
Post-sale holdings and ownership vehicle
Following the disposition, Lee directly holds 35,272 shares of Five Star Bancorp common stock. That total includes equity awarded under the Five Star Bancorp 2021 Equity Incentive Plan. The shares are held by The Michael E. Lee & Kaylin M. Fadel-Lee Family Revocable Trust, for which Mr. Lee serves as a trustee.
Valuation note
An analysis from InvestingPro cited in company materials indicates that Five Star Bancorp's stock appears undervalued on a price-to-earnings basis, with a reported P/E ratio of 13.6. The analysis states that investors can consult Pro Research Reports and ProTips for expanded commentary and valuation context on FSBC.
Recent financial results
Five Star Bancorp released fourth-quarter 2025 financial results that presented a mixed picture. The company reported adjusted earnings per share of $0.83, beating the consensus forecast of $0.762 and representing an 8.92% positive surprise versus expectations. By contrast, revenue for the quarter came in at $40.67 million, below the projected $42.58 million and reflecting a shortfall of 4.49%.
Company commentary and the published results emphasize that the earnings beat was supported by effective cost management, while the revenue miss underscores the uneven nature of the quarter. Analysts had anticipated different outcomes for the quarter, and the numbers reflect the complexities present in the current operating environment.
Investor implications
The insider sale described here is modest in size relative to typical trading volumes and Lee's remaining holdings. At the same time, the quarter's mixed earnings signal - an EPS beat alongside a revenue decline - provides investors with data points on Five Star Bancorp's operational efficiency and topline challenges. These factors are relevant to stakeholders assessing underwriting quality, funding mix, regulatory constraints, and shareholder returns.
Note on sources and analysis
The factual elements reported above reflect the disclosed insider transaction, the trust ownership structure, the InvestingPro valuation note as presented, and Five Star Bancorp's reported fourth-quarter 2025 results. The financial metrics cited are intended to assist investors in evaluating the company's recent performance and insider activity.