Director Brannan C Scott of Capital Bancorp Inc filed a Form 4 on November 3, 2026, disclosing a gift transaction dated October 30, 2026, involving common stock disposed of directly and acquired indirectly through UTMA accounts for grandchildren.

Key Highlights

  • Gift transaction: Scott disposed of 880 shares of common stock directly (transaction code G) at $0 on October 30, 2026.
  • UTMA distributions: 440 shares were acquired indirectly into a UTMA account for grandchild 2, and 440 shares into a UTMA account for grandchild 3, each at $0.
  • Direct holdings after transaction: Scott beneficially owned 4,574 shares of common stock directly following the reported transaction.
  • Indirect holdings: UTMA accounts for grandchild 1 and grandchild 4 each held 290.549 shares; UTMA accounts for grandchild 2 and grandchild 3 each held 1,854.13 and 1,854.134 shares, respectively.
  • Derivative securities: Scott held stock options covering a total of 12,331 shares of common stock across four grants, with exercise prices ranging from $23.54 to $30.51, plus 952 restricted stock units vesting on March 2, 2027.
  • Filing relationship: Scott is identified as a director of Capital Bancorp Inc, traded on NASDAQ:CBNK.

Scott Transfers Capital Bancorp Shares to Grandchildren via UTMA Accounts

According to the filing, director Brannan C Scott disposed of 880 shares of Capital Bancorp Inc common stock from his direct holdings on October 30, 2026, using transaction code G, which denotes a gift. The price recorded for the transaction was $0. Following the disposal, Scott's direct beneficial ownership stood at 4,574 shares, as reported in Table I of the filing.

The filing further discloses that 440 shares were acquired indirectly into a UTMA account designated for grandchild 2, bringing that account's total to 1,854.13 shares, and another 440 shares were acquired indirectly into a UTMA account for grandchild 3, bringing that account's total to 1,854.134 shares. Two additional UTMA accounts - for grandchild 1 and grandchild 4 - each held 290.549 shares, with no transaction reported for those accounts in this filing.

In Table II, the filing reports that Scott holds four tranches of stock options on Capital Bancorp common stock: 2,352 shares at an exercise price of $23.54 (exercisable from January 1, 2024, expiring January 1, 2028); 2,800 shares at $24.20 (exercisable January 1, 2025, expiring January 1, 2029); 3,500 shares at $30.51 (exercisable March 3, 2026, expiring March 3, 2030); and 3,679 shares at $29.41 (exercisable March 2, 2027, expiring March 2, 2031). The filing states that each tranche "vest[s] in four equal annual installments beginning on the first anniversary of the date of grant." Scott also holds 952 restricted stock units, each representing the right to receive one share of common stock, scheduled to vest on March 2, 2027. The Form 4 was signed by Connie Egan as attorney in fact on November 3, 2026.

What Was Disclosed

Director Brannan C Scott disclosed a gift of 880 Capital Bancorp common shares from direct holdings into UTMA accounts for two grandchildren on October 30, 2026, leaving him with 4,574 directly held shares and indirect holdings across four grandchildren's UTMA accounts.