Director Ned S. Holmes filed a Form 4 with the SEC on October 28, 2026, disclosing the sale of 1,100 shares of Prosperity Bancshares Inc common stock across six transactions executed the same day under a Rule 10b5-1 plan.

Key Highlights

  • Reporting person: Ned S. Holmes, director of Prosperity Bancshares Inc (NYSE:PB), based in Sugar Land, Texas.
  • Transactions: Six separate sell transactions (code S) on October 28, 2026, all executed pursuant to a Rule 10b5-1(c) written plan.
  • Shares sold directly: 295 shares at a weighted average price of $69.6867 and 205 shares at a weighted average price of $70.5657, reducing direct holdings to 65,615 shares.
  • Shares sold via profit sharing plan: 319 shares at a weighted average price of $69.6707 and 181 shares at a weighted average price of $70.577, leaving 81,193 shares held indirectly through that plan.
  • Shares sold as trustee: 45 shares at a weighted average price of $69.3457 and 55 shares at a weighted average price of $70.3725 from the SSH trust for an adult daughter, leaving 38,200 shares in that trust.
  • Additional indirect holdings reported: 2,000 shares by spouse, 8,820 shares as trustee of a grandchildren's trust, 3,720 shares by trust, and 70,070 shares by limited partnership.
  • Price ranges: Individual transaction prices ranged from $68.925 to $70.75 across the six reported sales, with all prices representing weighted averages of multiple sub-transactions.

Holmes Executes Six-Part Sale of Prosperity Bancshares Common Stock Under 10b5-1 Plan

According to the filing, Ned S. Holmes, a director of Prosperity Bancshares Inc, sold a total of 1,100 shares of the company's common stock on October 28, 2026. The filing indicates that all transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The form was signed by Charlotte M. Rasche as attorney in fact.

The sales were split across three ownership categories. Holmes sold 295 and 205 shares from his direct holdings at weighted average prices of $69.6867 and $70.5657, respectively, leaving him with 65,615 directly held shares. Through a profit sharing plan held indirectly, he sold 319 shares at $69.6707 and 181 shares at $70.577, with 81,193 shares remaining in that account. Acting as trustee of an SSH trust for an adult daughter, Holmes sold 45 shares at $69.3457 and 55 shares at $70.3725, with 38,200 shares remaining in that trust.

The filing notes that all six prices are weighted averages and that the underlying shares were sold in multiple transactions within stated price ranges. Holmes undertook, according to the filing, to provide Prosperity Bancshares, any security holder, or SEC staff with full detail on the number of shares sold at each separate price upon request. In addition to the positions affected by these sales, the filing discloses other indirect holdings: 2,000 shares held by his spouse, 8,820 shares as trustee of a grandchildren's trust, 3,720 shares held by a trust, and 70,070 shares held by a limited partnership.

What Was Disclosed

Director Ned S. Holmes reported six open-market sales totaling 1,100 shares of Prosperity Bancshares common stock on October 28, 2026, under a Rule 10b5-1 plan, at weighted average prices between $69.3457 and $70.5657, across direct and indirect ownership accounts.