David E Rainbolt, a director at BancFirst Corporation ($BANF), executed a series of ten open-market sales between April 23 and August 3 that produced aggregate proceeds of $21,017,799. The run concluded on August 3 with a sale of 11,497 shares at an average price of $115.09, worth $1,323,183. A Form 4 filed on August 4, one day later, disclosed the transaction.
Across all ten transactions, Rainbolt sold 180,946 shares at a volume-weighted average price of $116.16 per share.
The sales fell into two clusters, separated by an eleven-week pause. From April 23 through May 7, Rainbolt made seven trades totaling 58,217 shares. Sizes varied widely, from a single share on April 29 to 24,614 shares on April 28. That April 28 sale, the largest of the first cluster in dollar terms, generated proceeds of $2,844,209 at $115.55 per share.
A second, heavier burst followed from July 27 through August 3. In three trading days, Rainbolt sold 122,729 shares, more than double the volume of the first cluster. The largest single-day sale of the entire series occurred on July 28, when Rainbolt sold 81,492 shares at $116.71, bringing in $9,511,037. That one trade accounted for approximately 45% of the total dollar value across all ten sales.
After the August 3 transaction, Rainbolt held 31,336 BancFirst common shares.
BancFirst shares closed at $114.00 on August 3. Over the full span of selling activity, from April 23 to August 3, the stock’s closing price ranged from a low of $106.80 on May 15 to a high of $120.04 on July 16. On July 27, the first day of the second sales cluster, $BANF hit an intraday high of $119.07 before settling at $115.96.
BancFirst Corporation, based in Oklahoma City, operates as a bank holding company with a market capitalization of about $3.79 billion. Rainbolt has a decades-long history with the company, having served as executive chairman and chief executive officer, among other leadership roles.
No other corporate insiders filed Form 4s disclosing BancFirst stock trades during the April-to-August window. A review of congressional disclosures showed no $BANF transactions by members of Congress over the same period.