Steven K. Gaer has reported a transaction involving the sale of 6,215 shares of common stock in West Bancorporation, a significant move that alters his ownership stake in the company. This transaction, filed on November 6, 2026, is noteworthy as it reflects ongoing activity in the state commercial banking sector, where West Bancorporation operates.

Gaer, who serves as a director at West Bancorporation, completed the sale on November 4, 2026, at a price of $31.13 per share. Following this transaction, Gaer retains ownership of 19,236 shares in the company. This change in ownership may have implications for shareholder perceptions and the governance dynamics of West Bancorporation.

Background

West Bancorporation is a financial institution incorporated in Iowa, primarily classified under the SIC code for state commercial banks. The company operates under the trading symbol WTBA and is based in West Des Moines, Iowa. The recent filing history shows that Gaer has been actively reporting transactions related to his holdings in the company, with the most recent filings being on November 6, 2026, and April 24, 2026.

What the Filing Says

The filing indicates that Gaer sold 6,215 shares of West Bancorporation common stock, with the transaction recorded under the form type 4. The report states:

"Transaction Code: S, Transaction Amounts: 6,215 shares, Transaction Price Per Share: $31.13, Transaction Acquired Disposed Code: D."
This reflects a direct ownership change, as Gaer continues to hold a significant number of shares in the company.

Impact

This transaction may affect various stakeholders, including other shareholders, company management, and potential investors. As a director, Gaer's actions could influence perceptions of the company's stability and governance. The sale may also prompt discussions regarding the future direction of West Bancorporation and its strategic initiatives.

What's Next

The filing does not say what happens next regarding Gaer's ownership or any further transactions. However, ongoing monitoring of his activities may provide insights into West Bancorporation's future developments.