Steven R. Gardner, a director at Columbia Banking System, Inc., has filed a notice to sell 10,522 shares of the bank's common stock. This transaction, reported in a recent SEC filing, is significant as it may reflect Gardner's personal financial strategy or broader market conditions.

Background

Columbia Banking System, Inc., which trades on NASDAQ under the ticker symbol COLUM, is a financial institution based in Tacoma, Washington. The company is categorized under the SIC code for state commercial banks. Its recent filings indicate ongoing activity in the market, particularly from its insiders.

What the Filing Says

The SEC filing, dated October 29, 2026, reveals that Gardner acquired shares through open market purchases in 2011 and 2024. The aggregate market value of the shares being sold is approximately $328,616.53. The filing states, "No of units sold: 10,522." This indicates a significant transaction that may attract attention from investors.

Impact

This sale may affect various stakeholders, including investors and analysts monitoring Columbia Banking's stock performance. Insider sales can often influence market perceptions and investor confidence, particularly in the banking sector.

What's Next

The filing does not say what happens next.

Details of the Transaction

In the SEC filing, it is noted that the shares being sold were acquired through multiple open market purchases. Specifically, Gardner purchased 180 shares on August 1, 2011, followed by an additional 1,650 shares on August 4, 2011. Most recently, he acquired 8,692 shares on October 3, 2024. This indicates a history of strategic buying, culminating in the recent sale of 10,522 shares.

Brokerage Information

The transaction is being facilitated by Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI. This detail highlights the involvement of a well-known brokerage firm in the execution of the sale.

Outstanding Shares

The filing also mentions that there are a total of 282,902,268 shares outstanding for Columbia Banking System, Inc. This figure provides context for the scale of Gardner's transaction relative to the overall market capitalization of the company.

Signature and Representation

The notice was signed on October 29, 2026, by Wade Moss, who is acting as a duly authorized representative of Fidelity Brokerage Services LLC, serving as attorney-in-fact for Steven R. Gardner. This indicates that the transaction is being conducted through proper legal channels.

What the Filing Does Not Include

The filing does not provide specific details regarding Gardner's intentions for the proceeds from the sale or any future plans regarding his remaining shares in Columbia Banking System, Inc.