OLAGUE MICHAEL (EVP/Chief Banking Officer) sold 61.0% of their position (19.41K shares) of SIERRA BANCORP on the open market

Open‑market sale worth $618.8K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 5 sales

OLAGUE MICHAEL

Filed: 2/10/2025ACC: 0001127602-25-003732

InsiderOLAGUE MICHAELCIK 1630922

→

IssuerSIERRA BANCORPCIK 1130144

Officer· EVP/Chief Banking Officer

Since Feb 2026

-19.41K

Net shares

Net seller

$618.8K

Total sold

Open market trades

0B · 5S

Total transactions

19.41K acquired · 38.81K disposed

Non-Derivative Transactions12

Common Stock

Direct

M · Option Exercise

+2.19K

Price / share

$27.11

Trade value

$59.40K

% of position

17.7%

2/6/2025

12.41K→14.60K

Common Stock

Direct

M · Option Exercise

+3.66K

Price / share

$27.30

Trade value

$100K

% of position

25.1%

2/6/2025

14.60K→18.26K

Common Stock

Direct

S · Sale

−5.85K

Price / share

$32.07

Trade value

$187.72K

% of position

32.1%

2/6/2025

18.26K→12.41K

Common Stock

Direct

M · Option Exercise

+3.66K

Price / share

$27.35

Trade value

$99.99K

% of position

29.5%

2/6/2025

12.41K→16.07K

Common Stock

Direct

S · Sale

−3.66K

Price / share

$32.00

Trade value

$116.99K

% of position

22.8%

2/6/2025

16.07K→12.41K

Common Stock

Direct

M · Option Exercise

+5K

Price / share

$17.25

Trade value

$86.25K

% of position

40.3%

2/6/2025

12.41K→17.41K

Common Stock

Direct

S · Sale

−6.33K

Price / share

$32.07

Trade value

$203.12K

% of position

33.8%

2/6/2025

18.74K→12.41K

Common Stock

Direct

M · Option Exercise

+1.33K

Price / share

$28.21

Trade value

$37.63K

% of position

7.7%

2/6/2025

17.41K→18.74K

Common Stock

Direct

M · Option Exercise

+1.50K

Price / share

$27.11

Trade value

$40.58K

% of position

12.1%

2/7/2025

12.41K→13.91K

Common Stock

Direct

M · Option Exercise

+2.07K

Price / share

$28.21

Trade value

$58.28K

% of position

14.9%

2/7/2025

13.91K→15.97K

Common Stock

Direct

S · Sale

−1.50K

Price / share

$31.21

Trade value

$46.73K

% of position

9.4%

2/7/2025

15.97K→14.47K

Common Stock

Direct

S · Sale

−2.07K

Price / share

$31.10

Trade value

$64.26K

% of position

14.3%

2/7/2025

14.47K→12.41K

Total

Net shares

+0.00

Net value

-$136.68K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/6/2025	M · Option Exercise	+2.19K	$27.11	$59.40K	17.7%	12.41K	14.60K
Common Stock Direct	2/6/2025	M · Option Exercise	+3.66K	$27.30	$100K	25.1%	14.60K	18.26K
Common Stock Direct	2/6/2025	S · Sale	−5.85K	$32.07	$187.72K	32.1%	18.26K	12.41K
Common Stock Direct	2/6/2025	M · Option Exercise	+3.66K	$27.35	$99.99K	29.5%	12.41K	16.07K
Common Stock Direct	2/6/2025	S · Sale	−3.66K	$32.00	$116.99K	22.8%	16.07K	12.41K
Common Stock Direct	2/6/2025	M · Option Exercise	+5K	$17.25	$86.25K	40.3%	12.41K	17.41K
Common Stock Direct	2/6/2025	S · Sale	−6.33K	$32.07	$203.12K	33.8%	18.74K	12.41K
Common Stock Direct	2/6/2025	M · Option Exercise	+1.33K	$28.21	$37.63K	7.7%	17.41K	18.74K
Common Stock Direct	2/7/2025	M · Option Exercise	+1.50K	$27.11	$40.58K	12.1%	12.41K	13.91K
Common Stock Direct	2/7/2025	M · Option Exercise	+2.07K	$28.21	$58.28K	14.9%	13.91K	15.97K
Common Stock Direct	2/7/2025	S · Sale	−1.50K	$31.21	$46.73K	9.4%	15.97K	14.47K
Common Stock Direct	2/7/2025	S · Sale	−2.07K	$31.10	$64.26K	14.3%	14.47K	12.41K
Total			+0.00		-$136.68K

Derivative Transactions7

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

2.19K shares

−2.19K

Strike price

27.11

Held after

1.50K

Exercisable

—

2/6/2025

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

3.66K shares

−3.66K

Strike price

27.30

Held after

1.34K

Exercisable

—

2/6/2025

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

3.66K shares

−3.66K

Strike price

27.35

Held after

1.34K

Exercisable

—

2/6/2025

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−5K

Strike price

17.25

Held after

0.00

Exercisable

—

2/6/2025

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

1.33K shares

−1.33K

Strike price

28.21

Held after

3.67K

Exercisable

—

2/6/2025

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

1.50K shares

−1.50K

Strike price

27.11

Held after

0.00

Exercisable

—

2/7/2025

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

2.07K shares

−2.07K

Strike price

28.21

Held after

1.60K

Exercisable

—

2/7/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock2.19K shares	2/6/2025	M · Option Exercise	−2.19K	27.11	—	1.50K
Stock Options Direct	Common Stock3.66K shares	2/6/2025	M · Option Exercise	−3.66K	27.30	—	1.34K
Stock Options Direct	Common Stock3.66K shares	2/6/2025	M · Option Exercise	−3.66K	27.35	—	1.34K
Stock Options Direct	Common Stock5K shares	2/6/2025	M · Option Exercise	−5K	17.25	—	0.00
Stock Options Direct	Common Stock1.33K shares	2/6/2025	M · Option Exercise	−1.33K	28.21	—	3.67K
Stock Options Direct	Common Stock1.50K shares	2/7/2025	M · Option Exercise	−1.50K	27.11	—	0.00
Stock Options Direct	Common Stock2.07K shares	2/7/2025	M · Option Exercise	−2.07K	28.21	—	1.60K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Direct

Shares owned20.08K

Total

20.08K direct20.08K

Security Title	Shares Owned	Ownership Type
Common Stock	20.08K	Direct
Total	20.08K	20.08K direct

Derivative Holdings (Post-Transaction)0

No derivative holdings reported