Five Star Bancorp enters change-in-control agreements with CFO Luck and CBO Rizzo

FIVE STAR BANCORP

Five Star Bank entered change-in-control agreements with CFO Heather Luck and CBO Michael Rizzo on Nov 4, 2025.
Severance includes 12 months base salary plus most recent annual bonus if employment is terminated without cause or for good reason within one year post-change-in-control.
Outstanding equity awards accelerate and vest fully upon qualifying termination, with performance conditions deemed met at target level.
Agreements expire on December 31, 2028, if no qualifying change in control occurs before then.

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