FB Financial Corp (FBK US, +N, 17-Apr-25)
James Cross (Non Executive since 2020) purchased $292,000 of stock on April 16th at $40.49, increasing his stake by 13%. This is a reversal from an identically sized and very timely sale at $58.22 in November 2024.
Since the reversal has occurred within a 6-month window, this appears to be a short-swing violation, and any profit on the trade will be forfeited to the company. This is not noted on the Form 4. His only previous purchase was for $175,000 at $35 in December 2022 (which we ranked +N), and whilst he was early, the trade proved to be profitable.
He joined the board through the 2020 merger with Franklin Financial Network where he was a Non-Executive since 2009, he never bought stock in the company. He is the CEO of Century Construction Co., a general contractor construction company. FB Financial reported earnings on the 14th of April.
We are ranking the stock +N (notable and positive signal).
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