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[8-K] Compass, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Five Star Bancorp (FSBC) â€� Form 4 insider filing: On 07/28/2025 President & CEO and director James E. Beckwith was granted 7,062 restricted common shares (transaction code “Aâ€�) at an effective price of $0 under the 2021 Equity Incentive Plan. The award vests in five equal annual installments contingent on his continued employment.

Post-grant, Beckwith reports 477,014 shares held indirectly through the Beckwith Family Trust, in addition to 10,000 shares held by immediate family members for which he disclaims beneficial ownership. No open-market purchases, sales, or derivative transactions were disclosed.

The filing marginally increases executive insider ownership and imposes negligible dilution given FSBC’s share count. While not a market-moving event, the grant signals ongoing equity alignment between the CEO and shareholders.

Five Star Bancorp (FSBC) � Comunicazione interna Form 4: Il 28/07/2025 il Presidente, CEO e direttore James E. Beckwith ha ricevuto 7.062 azioni ordinarie vincolate (codice transazione “A�) a un prezzo effettivo di 0$ nell’ambito del Piano di Incentivazione Azionaria 2021. Il premio matura in cinque rate annuali uguali subordinatamente al suo continuo impiego.

Dopo l’assegnazione, Beckwith detiene 477.014 azioni indirettamente tramite il Beckwith Family Trust, oltre a 10.000 azioni possedute da familiari stretti di cui ne nega la titolarità effettiva. Non sono state segnalate operazioni di acquisto, vendita o transazioni su derivati sul mercato aperto.

La comunicazione aumenta leggermente la partecipazione azionaria interna e comporta una diluizione trascurabile rispetto al numero totale di azioni FSBC. Pur non rappresentando un evento che muove il mercato, l’assegnazione indica un continuo allineamento azionario tra il CEO e gli azionisti.

Five Star Bancorp (FSBC) � Presentación interna Formulario 4: El 28/07/2025, el Presidente, CEO y director James E. Beckwith recibió 7,062 acciones ordinarias restringidas (código de transacción “A�) a un precio efectivo de 0$ bajo el Plan de Incentivos de Acciones 2021. La concesión se consolida en cinco cuotas anuales iguales condicionadas a la continuidad de su empleo.

Tras la concesión, Beckwith reporta 477,014 acciones en propiedad indirecta a través del Beckwith Family Trust, además de 10,000 acciones en manos de familiares directos sobre las que niega propiedad beneficiosa. No se revelaron compras, ventas ni operaciones con derivados en el mercado abierto.

La presentación incrementa marginalmente la propiedad interna ejecutiva y genera una dilución insignificante dada la cantidad total de acciones de FSBC. Aunque no es un evento que afecte el mercado, la concesión indica una continua alineación accionarial entre el CEO y los accionistas.

Five Star Bancorp (FSBC) â€� ë‚´ë¶€ìž� Form 4 ì‹ ê³ : 2025ë…� 7ì›� 28ì�, 사장 ê²� CEO ë°� ì´ì‚¬ì� James E. Beckwithê°€ 2021ë…� ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 플랜ì—� ë”°ë¼ 7,062ì£¼ì˜ ì œí•œ 보통주를 부여받았습니다 (거래 코드 “Aâ€�), 유효 ê°€ê²©ì€ 0달러입니ë‹�. ì� ë³´ìƒì€ ê·¸ì˜ ì§€ì†ì ì� ê³ ìš©ì� 조건으로 5ë…„ê°„ 매년 ë™ì¼í•� 비율ë¡� 권리 확정ë©ë‹ˆë‹�.

ë¶€ì—� í›�, BeckwithëŠ� Beckwith ê°€ì¡� ì‹ íƒì� 통해 ê°„ì ‘ì ìœ¼ë¡� 477,014주를 보유하고 있으ë©�, ì§ê³„ ê°€ì¡±ì´ ë³´ìœ í•� 10,000ì£¼ì— ëŒ€í•´ì„œëŠ� 실질 ì†Œìœ ê¶Œì„ ë¶€ì¸í•˜ê³� 있습니다. 공개 시장ì—서ì� 매수, ë§¤ë„ ë˜ëŠ” 파ìƒìƒí’ˆ 거래ëŠ� ì‹ ê³ ë˜ì§€ 않았습니ë‹�.

ì´ë²ˆ ì‹ ê³ ëŠ� ê²½ì˜ì§� ë‚´ë¶€ìž� ì§€ë¶„ì„ ì†Œí­ ì¦ê°€ì‹œí‚¤ë©�, FSBCì� ì´� ì£¼ì‹ ìˆ˜ë¥¼ ê³ ë ¤í•� ë•� í¬ì„ 효과ëŠ� 미미합니ë‹�. 시장ì—� í� ì˜í–¥ì� 미치ëŠ� ì‚¬ê±´ì€ ì•„ë‹ˆì§€ë§�, ì´ë²ˆ ì£¼ì‹ ë¶€ì—¬ëŠ” CEO와 주주 ê°„ì˜ ì§€ì†ì ì� ì£¼ì‹ ì •ë ¬ì� 나타냅니ë‹�.

Five Star Bancorp (FSBC) � Déclaration d’initié Formulaire 4 : Le 28/07/2025, le Président, PDG et administrateur James E. Beckwith s’est vu attribuer 7 062 actions ordinaires restreintes (code transaction « A ») à un prix effectif de 0 $ dans le cadre du Plan d’Incitation en Actions 2021. Cette attribution se libère en cinq versements annuels égaux, conditionnée à la poursuite de son emploi.

Après l’attribution, Beckwith déclare détenir 477 014 actions indirectement via le Beckwith Family Trust, en plus de 10 000 actions détenues par des membres de sa famille proche pour lesquelles il nie toute possession bénéficiaire. Aucune transaction d’achat, de vente ou sur dérivés sur le marché ouvert n’a été divulguée.

Cette déclaration augmente légèrement la participation des dirigeants et entraîne une dilution négligeable compte tenu du nombre total d’actions FSBC. Bien que cet événement ne soit pas susceptible de faire bouger le marché, cette attribution témoigne d’un alignement continu des intérêts en actions entre le PDG et les actionnaires.

Five Star Bancorp (FSBC) � Insider-Meldung Form 4: Am 28.07.2025 erhielt Präsident, CEO und Direktor James E. Beckwith 7.062 eingeschränkte Stammaktien (Transaktionscode „A�) zum effektiven Preis von 0 $ im Rahmen des Equity Incentive Plans 2021. Die Zuteilung fällt in fünf gleiche jährliche Tranchen, abhängig von seiner fortgesetzten Beschäftigung.

Nach der Zuteilung meldet Beckwith 477.014 Aktien, die er indirekt über den Beckwith Family Trust hält, zusätzlich zu 10.000 Aktien, die unmittelbare Familienmitglieder besitzen, für die er jedoch die wirtschaftliche Berechtigung bestreitet. Keine Käufe, Verkäufe oder Derivatgeschäfte im offenen Markt wurden gemeldet.

Die Meldung erhöht den Insider-Besitz des Managements nur geringfügig und verursacht angesichts der Gesamtaktienzahl von FSBC eine vernachlässigbare Verwässerung. Obwohl kein marktrelevantes Ereignis, signalisiert die Zuteilung eine fortlaufende Aktienausrichtung zwischen CEO und Aktionären.

Positive
  • Increased insider ownership: CEO’s total indirect holdings rise to 477,014 shares, aligning management with shareholders.
Negative
  • Minor potential dilution: New restricted shares marginally expand the share count, albeit immaterially for FSBC.

Insights

TL;DR: Routine CEO stock grant; boosts alignment, minimal dilution, neutral impact.

The 7,062-share restricted stock award is standard annual compensation for a bank of FSBC’s size. Because shares vest over five years and represent a fraction of the ~17 m outstanding, dilution risk is immaterial. Insider ownership, already substantial, rises to roughly 2.8% of shares, reinforcing management-shareholder alignment. No cash outlay or selling pressure exists, placing the event solidly in the neutral-to-slightly-positive range for investors.

TL;DR: Non-market transaction; maintain neutral stance on FSBC.

Beckwith’s award is internally funded and tied to service conditions, so it conveys standard retention incentives rather than signaling on valuation. Given the size, I view the event as non-impactful to near-term trading dynamics or capital structure. Investors should watch future Form 4s for any selling once portions vest, but today’s filing neither strengthens nor weakens the investment case.

Five Star Bancorp (FSBC) � Comunicazione interna Form 4: Il 28/07/2025 il Presidente, CEO e direttore James E. Beckwith ha ricevuto 7.062 azioni ordinarie vincolate (codice transazione “A�) a un prezzo effettivo di 0$ nell’ambito del Piano di Incentivazione Azionaria 2021. Il premio matura in cinque rate annuali uguali subordinatamente al suo continuo impiego.

Dopo l’assegnazione, Beckwith detiene 477.014 azioni indirettamente tramite il Beckwith Family Trust, oltre a 10.000 azioni possedute da familiari stretti di cui ne nega la titolarità effettiva. Non sono state segnalate operazioni di acquisto, vendita o transazioni su derivati sul mercato aperto.

La comunicazione aumenta leggermente la partecipazione azionaria interna e comporta una diluizione trascurabile rispetto al numero totale di azioni FSBC. Pur non rappresentando un evento che muove il mercato, l’assegnazione indica un continuo allineamento azionario tra il CEO e gli azionisti.

Five Star Bancorp (FSBC) � Presentación interna Formulario 4: El 28/07/2025, el Presidente, CEO y director James E. Beckwith recibió 7,062 acciones ordinarias restringidas (código de transacción “A�) a un precio efectivo de 0$ bajo el Plan de Incentivos de Acciones 2021. La concesión se consolida en cinco cuotas anuales iguales condicionadas a la continuidad de su empleo.

Tras la concesión, Beckwith reporta 477,014 acciones en propiedad indirecta a través del Beckwith Family Trust, además de 10,000 acciones en manos de familiares directos sobre las que niega propiedad beneficiosa. No se revelaron compras, ventas ni operaciones con derivados en el mercado abierto.

La presentación incrementa marginalmente la propiedad interna ejecutiva y genera una dilución insignificante dada la cantidad total de acciones de FSBC. Aunque no es un evento que afecte el mercado, la concesión indica una continua alineación accionarial entre el CEO y los accionistas.

Five Star Bancorp (FSBC) â€� ë‚´ë¶€ìž� Form 4 ì‹ ê³ : 2025ë…� 7ì›� 28ì�, 사장 ê²� CEO ë°� ì´ì‚¬ì� James E. Beckwithê°€ 2021ë…� ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 플랜ì—� ë”°ë¼ 7,062ì£¼ì˜ ì œí•œ 보통주를 부여받았습니다 (거래 코드 “Aâ€�), 유효 ê°€ê²©ì€ 0달러입니ë‹�. ì� ë³´ìƒì€ ê·¸ì˜ ì§€ì†ì ì� ê³ ìš©ì� 조건으로 5ë…„ê°„ 매년 ë™ì¼í•� 비율ë¡� 권리 확정ë©ë‹ˆë‹�.

ë¶€ì—� í›�, BeckwithëŠ� Beckwith ê°€ì¡� ì‹ íƒì� 통해 ê°„ì ‘ì ìœ¼ë¡� 477,014주를 보유하고 있으ë©�, ì§ê³„ ê°€ì¡±ì´ ë³´ìœ í•� 10,000ì£¼ì— ëŒ€í•´ì„œëŠ� 실질 ì†Œìœ ê¶Œì„ ë¶€ì¸í•˜ê³� 있습니다. 공개 시장ì—서ì� 매수, ë§¤ë„ ë˜ëŠ” 파ìƒìƒí’ˆ 거래ëŠ� ì‹ ê³ ë˜ì§€ 않았습니ë‹�.

ì´ë²ˆ ì‹ ê³ ëŠ� ê²½ì˜ì§� ë‚´ë¶€ìž� ì§€ë¶„ì„ ì†Œí­ ì¦ê°€ì‹œí‚¤ë©�, FSBCì� ì´� ì£¼ì‹ ìˆ˜ë¥¼ ê³ ë ¤í•� ë•� í¬ì„ 효과ëŠ� 미미합니ë‹�. 시장ì—� í� ì˜í–¥ì� 미치ëŠ� ì‚¬ê±´ì€ ì•„ë‹ˆì§€ë§�, ì´ë²ˆ ì£¼ì‹ ë¶€ì—¬ëŠ” CEO와 주주 ê°„ì˜ ì§€ì†ì ì� ì£¼ì‹ ì •ë ¬ì� 나타냅니ë‹�.

Five Star Bancorp (FSBC) � Déclaration d’initié Formulaire 4 : Le 28/07/2025, le Président, PDG et administrateur James E. Beckwith s’est vu attribuer 7 062 actions ordinaires restreintes (code transaction « A ») à un prix effectif de 0 $ dans le cadre du Plan d’Incitation en Actions 2021. Cette attribution se libère en cinq versements annuels égaux, conditionnée à la poursuite de son emploi.

Après l’attribution, Beckwith déclare détenir 477 014 actions indirectement via le Beckwith Family Trust, en plus de 10 000 actions détenues par des membres de sa famille proche pour lesquelles il nie toute possession bénéficiaire. Aucune transaction d’achat, de vente ou sur dérivés sur le marché ouvert n’a été divulguée.

Cette déclaration augmente légèrement la participation des dirigeants et entraîne une dilution négligeable compte tenu du nombre total d’actions FSBC. Bien que cet événement ne soit pas susceptible de faire bouger le marché, cette attribution témoigne d’un alignement continu des intérêts en actions entre le PDG et les actionnaires.

Five Star Bancorp (FSBC) � Insider-Meldung Form 4: Am 28.07.2025 erhielt Präsident, CEO und Direktor James E. Beckwith 7.062 eingeschränkte Stammaktien (Transaktionscode „A�) zum effektiven Preis von 0 $ im Rahmen des Equity Incentive Plans 2021. Die Zuteilung fällt in fünf gleiche jährliche Tranchen, abhängig von seiner fortgesetzten Beschäftigung.

Nach der Zuteilung meldet Beckwith 477.014 Aktien, die er indirekt über den Beckwith Family Trust hält, zusätzlich zu 10.000 Aktien, die unmittelbare Familienmitglieder besitzen, für die er jedoch die wirtschaftliche Berechtigung bestreitet. Keine Käufe, Verkäufe oder Derivatgeschäfte im offenen Markt wurden gemeldet.

Die Meldung erhöht den Insider-Besitz des Managements nur geringfügig und verursacht angesichts der Gesamtaktienzahl von FSBC eine vernachlässigbare Verwässerung. Obwohl kein marktrelevantes Ereignis, signalisiert die Zuteilung eine fortlaufende Aktienausrichtung zwischen CEO und Aktionären.

0001563190FALSE110 Fifth AvenueNew York,New York00015631902025-07-242025-07-24

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 24, 2025
 
 
Compass, Inc.
(Exact name of Registrant as Specified in Its Charter)
 
 
 
Delaware 001-40291 30-0751604
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
110 Fifth Avenue
New York, New York
 10011
(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (646) 982-0353
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
 
Title of Each Class 
Trading Symbol
 
Name of Each Exchange on Which Registered
Class A Common Stock, $0.00001 par value per share COMP The New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 




Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)    Resignation of Chief Financial Officer

On July 24, 2025, Kalani Reelitz, the Company’s Chief Financial Officer, notified the Company of his intention to resign his employment with the Company effective August 22, 2025. The Company expresses its appreciation to Mr. Reelitz for his service to the Company.

(c)    Appointment of a New Chief Financial Officer

Scott Wahlers, the Company’s Chief Accounting Officer has been appointed to serve as Chief Financial Officer, effective August 22, 2025, the date of Mr. Reelitz’ resignation. Mr. Wahlers will continue to serve as the Company’s principal accounting officer in addition to his new role as the Company’s principal financial officer. Mr. Wahlers does not have any related party transactions (other than his employment with the Company) or family relationship with any of the Company’s directors or executive officers.

Mr. Wahlers, age 53, brings 30 years of finance, accounting, business and operational experience, including 7 years as the Chief Accounting Officer of the Company, where Mr. Wahlers currently oversees a significant portion of the finance organization, including accounting, SEC reporting, treasury, tax, and financial planning and analysis. Mr. Wahlers also played a pivotal role in building the finance team and was a key contributor to the Company’s 2021 initial public offering and the restructuring programs initiated in 2022 that reduced the Company's operating expenses by over $600 million. Before joining Compass in 2018, Mr. Wahlers spent 16 years at WebMD, where he served as Vice President of Finance, Controller, and Treasurer. His experience at WebMD and its related companies encompassed diverse roles in accounting, tax, strategic finance, and business integration, contributing to numerous transactions such as mergers and acquisitions, divestitures, initial public offerings, debt offerings, and the 2017 leveraged buyout of WebMD. Mr. Wahlers began his career with eight years in public accounting at Arthur Andersen LLP, specializing in auditing and business advisory services. Mr. Wahlers is a Certified Public Accountant and graduated from Susquehanna University with a degree in Accounting.










SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  COMPASS, INC.
Date: July 30, 2025  By: 
/s/ Brad Serwin
   Brad Serwin
   General Counsel and Corporate Secretary

FAQ

What did FSBC CEO James E. Beckwith report on the Form 4?

He received 7,062 restricted shares of common stock on 07/28/2025 under the 2021 Equity Incentive Plan.

Does the filing involve any insider sales of FSBC stock?

No. The Form 4 discloses only an acquisition (grant); there were no sales or dispositions.

How many FSBC shares does the CEO now beneficially own?

After the grant he reports 477,014 shares held via the Beckwith Family Trust, plus 10,000 family-held shares he disclaims.

When do the newly granted FSBC shares vest?

They vest annually over five years, contingent on Beckwith’s continued employment.

Is the transaction part of a Rule 10b5-1 trading plan?

The filing does not check the Rule 10b5-1(c) box, indicating it is not under such a plan.
Compass Inc

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