SIERRA BANCORP — Director's Dealing 2022

Nov 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIERRA BANCORP (BSRR)
CIK: 0001130144
Period of Report: 2022-11-18

Reporting Person: Olague Michael (EVP/Chief Banking Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-19	Common Stock	F	229	$21.32	Disposed	29869	Direct
2022-11-18	Common Stock	A	5276	—	Acquired	30098	Direct
2022-11-18	Common Stock	A	3517	—	Acquired	24822	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	36106	Direct

Footnotes

F1: Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded shares of restricted stock

F2: Represents an award of performance-based restricted stock pursuant to a grant under the Issuer's 2017 Stock Incentive Plan, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant. The number of shares vesting at the end of three years will be calculated based upon the level of achievement of the performance goal specified in the agreement underlying such grant.

F3: Represents an award of time-based restricted stock pursuant to a grant under the Issuer's 2017 Stock Incentive Plan that vest ratably over three years, subject to forfeiture upon the occurrence of certain events specified in the agreement underlying such grant.
2