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Scot Michael Levine, EVP, CRO (GBank) at GBank Financial Holdings Inc. (OTC:GBFH), sold 8,000 shares of common stock on September 12 and 15, 2025. The sales, totaled $313,055, with prices ranging from $39.067 to $39.288. The transaction comes as GBFH, currently valued at $568 million, has delivered an impressive 103% return over the past year. According to InvestingPro analysis, the company maintains a GREAT financial health score.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions on September 12 involved the sale of 2,350 shares at $39.288 per share, and on September 15, Levine sold 5,650 shares at $39.067 per share.
On September 12, Levine also exercised options to acquire 8,000 shares of GBank Financial Holdings at an exercise price of $20.31, for a total value of $162480. These options were part of an incentive stock option plan.
Following the sale, Levine directly owns 3,600 shares of common restricted stock
In other recent news, GBank Financial Holdings Inc. announced its second-quarter earnings, revealing a net income of $4.8 million, or $0.33 per diluted share, which fell short of analyst expectations of $0.39 per share. The company reported revenue of $17.8 million, marking a 2.4% increase from the previous quarter and a 14.6% rise compared to the same period last year. Despite the earnings miss, GBank achieved record loan originations of $160.5 million in its SBA lending and commercial banking sectors. In addition to the financial results, GBank Financial Holdings announced a leadership transition. Ed Nigro has been appointed as the new CEO, effective September 3, 2025, following T. Ryan Sullivan’s decision not to renew his employment agreement, which ends on August 31, 2026. Sullivan will remain in his current roles during the transition period and is in discussions to continue providing consulting services. The Board of Directors has authorized Nigro to oversee the transition process. These developments are part of the company’s recent strategic moves.
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