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Sierra Bancorp (ticker BSRR) filed an 8-K to announce the appointment of William 鈥淏ill鈥� Wade II as Executive Vice President and Chief Operations Officer of both Sierra Bancorp and its subsidiary, Bank of the Sierra, effective July 7 2025. Mr. Wade, age 60, joins from Independent Financial where he served as CIO and EVP of Information Technology after holding senior technology roles at Simmons Bank and other industries over a 30-year career.

The Board approved an employment agreement (executed July 1 2025, term through 31 Dec 2028, auto-renewing annually) that provides:

• Minimum base salary of $380,000
• Annual discretionary bonus up to 50 % of base salary
• No-cause severance equal to one year of base salary
• Change-of-control severance equal to 2脳 base salary plus maximum bonus opportunity
• Restricted-stock grant of $400,000, vesting 20 % annually over five years

The filing states there are no family relationships, related-party transactions, or special arrangements influencing Mr. Wade鈥檚 selection.

Expensify, Inc. (EXFY) 鈥� Form 4 filing dated 07/02/2025

Chief Executive Officer and Chairman David Michael Barrett reported the sale of 30,000 Class A common shares on 07/01/2025 under a Rule 10b5-1 trading plan adopted 03/31/2025. The weighted-average sale price was $2.56, with individual trades executed between $2.47 and $2.63. Aggregate consideration was roughly $77,000.

Following the transaction, Barrett鈥檚 beneficial ownership remains substantial at 1,528,480 shares held indirectly through Barrett Trust LLC plus 210,676 shares held directly. The disposed shares represent 鈮�2.0 % of his indirect holdings, suggesting the sale is modest relative to his overall stake.

The filing is limited to this single planned disposition; no derivative security activity, option exercises, or additional purchases were reported. Because the sale was effected pursuant to a pre-established 10b5-1 plan, it may mitigate concerns over opportunistic timing, yet it still constitutes an insider reduction in exposure.

Netcapital Inc. (Nasdaq: NCPL) filed an 8-K reporting that on 26 June 2025 it entered into a Horizon Software Agreement with Switzerland-based Horizon Globex GmbH. Horizon granted Netcapital a royalty-free, paid-up, non-exclusive, perpetual and irrevocable license to use Horizon鈥檚 capital-raising and secondary-trading software under the Company鈥檚 own branding in the United States.

As consideration, Netcapital will issue 500,0000 shares of its common stock (the 鈥淗orizon Shares鈥�) to Horizon or its affiliate. The shares will be issued without registration under Sections 4(a)(2) and/or 3(a)(9) of the Securities Act, and no cash will be received by the Company.

The agreement includes standard termination rights: (i) either party may terminate after a 30-day cure period for material breach, and (ii) immediate termination is permitted upon bankruptcy, receivership, dissolution, or cessation of business of the other party. The full contract is attached as Exhibit 10.1.

This transaction gives Netcapital long-term access to a trading technology platform that could expand its service offering, but it also introduces equity dilution and execution risk should the software fail to drive revenue growth.