Director James S. MacLeod of CoastalSouth Bancshares, Inc. filed a Form 4 on November 4, 2026, disclosing the net exercise of 55,000 stock options in Common Stock on November 3, 2026, with shares withheld to cover the exercise price.

Key Highlights

  • Option exercise: MacLeod exercised 55,000 stock options on November 3, 2026, at an exercise price of $13.00 per share.
  • Shares withheld: 25,319 shares were withheld by the issuer at $28.24 per share to satisfy the exercise price under a net exercise arrangement.
  • Post-transaction ownership: Following these transactions, MacLeod directly held 231,266 shares of Common Stock.
  • Options extinguished: The 55,000 options exercised had a September 22, 2027 expiration date and were fully vested as of September 22, 2021; zero derivative securities remain.
  • Issuer: CoastalSouth Bancshares, Inc., traded as NASDAQ:COSO.

MacLeod's Net Option Exercise and Resulting Share Position at CoastalSouth Bancshares

According to the Form 4 filing, James S. MacLeod, identified as a director of CoastalSouth Bancshares, Inc. (NASDAQ:COSO), executed a net exercise of stock options on November 3, 2026. The transaction involved 55,000 stock options with an exercise price of $13.00 per share, recorded under transaction code "M" (exercise of in-the-money or at-the-money derivative security) in Table I and Table II of the filing.

The filing discloses that 55,000 shares of Common Stock were acquired through the exercise, bringing MacLeod's direct beneficial ownership to 256,585 shares before the withholding step. Simultaneously, the issuer withheld 25,319 shares at a value of $28.24 per share to satisfy the exercise price, as described in footnote 1 of the filing. This withholding, recorded under transaction code "F," reduced MacLeod's direct holdings to 231,266 shares of Common Stock following both reported transactions.

The filing further notes, in footnote 2, that the exercised option "vested and became exercisable in four equal annual installments of 13,750 shares each on September 22, 2018, September 22, 2019, September 22, 2020, and September 22, 2021," and was "fully vested and exercisable as of September 22, 2021." The option carried an expiration date of September 22, 2027. After the exercise, the filing reports zero derivative securities remaining for MacLeod. The Form 4 was signed by Lauren Hemby as Attorney-in-Fact on November 4, 2026.

What Was Disclosed

The filing reports a net exercise of 55,000 stock options by Director James S. MacLeod at CoastalSouth Bancshares on November 3, 2026, with 25,319 shares withheld at $28.24 each to cover the $13.00 per share exercise price, leaving MacLeod with 231,266 directly held shares.