Byline Bancorp secondary offering closes: estate sells 4.28M shares; company repurchases 418K shares

BYLINE BANCORP, INC.

Estate of Daniel L. Goodwin and affiliate sold 4,282,210 shares of Byline common stock in registered offering at $23.91/share.
Company did not receive any proceeds from the sale; instead bought back 418,235 shares at $23.91/share under Jan 2025 repurchase program.
Certain directors purchased an aggregate of $1.27M of shares in the offering on same terms as other purchasers.
Underwriting agreement with J.P. Morgan Securities LLC as sole underwriter includes customary representations, warranties, and indemnities.

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