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GRAND RAPIDS, MI—The Second Rewritten Trust Indenture of the John S Simoni Living Trust, a significant shareholder in Northpointe Bancshares Inc. (NASDAQ:NPB), has recently sold 66,956 shares of the company’s common stock. The transaction, finalized on February 18, 2025, was executed at a price of $14.50 per share, resulting in a total sale value of $970,862. The sale occurred as NPB trades near its 52-week high of $14.75, with the company maintaining a market capitalization of approximately $497 million.
Following this transaction, the trust now holds 2,575,664 shares in Northpointe Bancshares. This move was documented in a Form 4 filing with the Securities and Exchange Commission, underscoring the trust’s status as a ten percent owner in the company. The sale was carried out under the direct ownership of the trust, as stated in the filing signed by John S. Simoni, the trustee. According to InvestingPro data, NPB has maintained profitability over the last twelve months, though it doesn’t currently pay dividends to shareholders. For comprehensive insider trading patterns and additional financial insights, subscribers can access more than 10 exclusive ProTips and detailed metrics on InvestingPro.
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