secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIVE STAR BANCORP (FSBC)
CIK:        0001275168
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001628280-25-049087
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275168/000162828025049087/0001628280-25-049087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275168/000162828025049087/fsbc-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-049087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer