United States

West Bancorporation Inc (WTBA)

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Recent insider trading activity at West Bancorporation Inc. has been characterized by sales from directors and officers. The most recent transactions occurred in November 2025, involving multiple sell orders by George D. Milligan and Douglas R. Gulling. These sales represent the primary activity observed in the company's recent filings.
Ticker: WTBA Exchange: NSM
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• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Buy signal Sell signal Earnings
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Insider trades have triggered activity signals for West Bancorporation Inc. Upgrade to see score, net flow, insiders and the full signal context.

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Trades
Proposed sale 24 Nov 2025
Value US$745,461.96 | Price 301.73 | Shares 68,533
Sale 24 Nov 2025
Value US$2,755,441.87 | Price 212.42 | Shares 83,106 (-30.3%)
Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other
Notification date Transaction date B/S Transaction type Insider and/or position Nb. shares
Price
Value 		Number of shares Price Value Details
2025-12-05 2025-11-24 PrS Proposed sale
3.1
MILLIGAN GEORGE D

Director

Non-Executive Director
68,533
301.73
US$745,462 		68,533 301.73 US$745,462
2025-11-25 2025-11-24 S Sale
3.1
MILLIGAN GEORGE D
Non-Executive Director
83,106 -30.3%
212.42
US$2,755,442 		83,106 -30.3% 212.42 US$2,755,442
2025-12-05 2025-11-21 PrS Proposed sale
3.1
MILLIGAN GEORGE D

Director

Non-Executive Director
64,636
182.80
US$913,386 		64,636 182.80 US$913,386
2025-11-25 2025-11-21 S Sale
3.1
MILLIGAN GEORGE D
Non-Executive Director
5,826 -8.4%
22.00
US$128,172 		5,826 -8.4% 22.00 US$128,172
2025-11-12 2025-11-11 PrS Proposed sale
2.9
GULLING DOUGLAS R

Officer

Officer
7,900
21.87
US$172,773 		7,900 21.87 US$172,773
2025-11-12 2025-11-11 S Sale
2.9
GULLING DOUGLAS R
Non-Executive Director
7,900 -9.8%
21.75
US$171,825 		7,900 -9.8% 21.75 US$171,825
2025-02-20 2025-02-19 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
639 +0.5%
22.27
US$14,231 		639 +0.5% 22.27 US$14,231
2024-11-21 2024-11-20 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
592 +0.6%
23.79
US$14,084 		592 +0.6% 23.79 US$14,084
2024-11-12 2024-11-08 S Sale
2.9
GULLING DOUGLAS R
Non-Executive Director
3,603 -4.3%
23.60
US$85,031 		3,603 -4.3% 23.60 US$85,031
2024-11-12 2024-11-08 S Sale
2.9
GULLING DOUGLAS R
Non-Executive Director
397 -0.5%
23.72
US$9,417 		397 -0.5% 23.72 US$9,417
2024-11-08 2024-11-08 PrS Proposed sale
2.9
GULLING DOUGLAS R

Director

Non-Executive Director
4,000
23.75
US$95,000 		4,000 23.75 US$95,000
2024-08-23 2024-08-21 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
730 +0.7%
19.04
US$13,899 		730 +0.7% 19.04 US$13,899
2024-05-23 2024-05-22 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
768 +0.7%
17.87
US$13,724 		768 +0.7% 17.87 US$13,724
2024-02-22 2024-02-21 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
1,237 +1.4%
17.55
US$21,709 		1,237 +1.4% 17.55 US$21,709
2024-02-22 2024-02-21 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
770 +0.6%
17.55
US$13,514 		770 +0.6% 17.55 US$13,514
2023-11-27 2023-11-22 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
1,175 +1.4%
18.22
US$21,408 		1,175 +1.4% 18.22 US$21,408
2023-11-27 2023-11-22 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
731 +0.7%
18.22
US$13,319 		731 +0.7% 18.22 US$13,319
2023-08-24 2023-08-23 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
1,133 +1.3%
18.66
US$21,142 		1,133 +1.3% 18.66 US$21,142
2023-08-24 2023-08-23 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
705 +0.7%
18.66
US$13,155 		705 +0.7% 18.66 US$13,155
2023-05-25 2023-05-24 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
1,195 +1.4%
17.23
US$20,590 		1,195 +1.4% 17.23 US$20,590
2023-05-25 2023-05-24 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
753 +0.7%
17.23
US$12,974 		753 +0.7% 17.23 US$12,974
2023-05-19 2023-05-18 B Purchase
1.8
Peters Bradley P

Executive Vice President

Officer
1,000 +1.8%
16.42
US$16,420 		1,000 +1.8% 16.42 US$16,420
2023-05-18 2023-05-17 B Purchase
3.1
McMurray Sean Patrick
Non-Executive Director
5,000 +13.0%
16.10
US$80,500 		5,000 +13.0% 16.10 US$80,500
2023-05-17 2023-05-16 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
1,000 +1.2%
15.72
US$15,720 		1,000 +1.2% 15.72 US$15,720
2023-05-09 2023-05-08 B Purchase
3.1
MILLIGAN GEORGE D
Non-Executive Director
5,000 +8.3%
16.00
US$80,000 		5,000 +8.3% 16.00 US$80,000
2023-03-02 2023-03-01 B Purchase
3.1
MILLIGAN GEORGE D
Non-Executive Director
5,000 +9.4%
20.99
US$104,950 		5,000 +9.4% 20.99 US$104,950
2023-02-23 2023-02-22 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
875 +1.2%
21.40
US$18,725 		875 +1.2% 21.40 US$18,725
2023-02-23 2023-02-22 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
599 +0.5%
21.40
US$12,819 		599 +0.5% 21.40 US$12,819
2022-11-28 2022-11-23 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
800 +1.1%
23.15
US$18,520 		800 +1.1% 23.15 US$18,520
2022-11-28 2022-11-23 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
548 +0.6%
23.15
US$12,686 		548 +0.6% 23.15 US$12,686
2022-08-25 2022-08-24 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
706 +1.0%
26.01
US$18,363 		706 +1.0% 26.01 US$18,363
2022-08-25 2022-08-24 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
483 +0.5%
26.01
US$12,563 		483 +0.5% 26.01 US$12,563
2022-05-27 2022-05-25 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
505 +0.5%
24.63
US$12,438 		505 +0.5% 24.63 US$12,438
2022-02-28 2022-02-24 B Purchase
1.8
Peters Bradley P

Executive Vice President

Officer
4,000 +14.6%
28.45
US$113,800 		4,000 +14.6% 28.45 US$113,800
2022-02-24 2022-02-23 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
417 +0.4%
29.58
US$12,335 		417 +0.4% 29.58 US$12,335
2021-12-06 2021-12-03 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +3.4%
31.13
US$31,130 		1,000 +3.4% 31.13 US$31,130
2021-12-06 2021-12-02 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +3.6%
31.94
US$31,940 		1,000 +3.6% 31.94 US$31,940
2021-12-01 2021-12-01 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +3.7%
31.90
US$31,900 		1,000 +3.7% 31.90 US$31,900
2021-12-01 2021-11-30 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +3.8%
31.58
US$31,580 		1,000 +3.8% 31.58 US$31,580
2021-12-01 2021-11-29 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +4.0%
31.85
US$31,850 		1,000 +4.0% 31.85 US$31,850
2021-11-29 2021-11-24 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
349 +0.4%
33.69
US$11,758 		349 +0.4% 33.69 US$11,758
2021-11-24 2021-11-24 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +4.2%
33.93
US$33,930 		1,000 +4.2% 33.93 US$33,930
2021-11-24 2021-11-23 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +4.3%
33.48
US$33,480 		1,000 +4.3% 33.48 US$33,480
2021-11-22 2021-11-22 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +4.5%
33.49
US$33,490 		1,000 +4.5% 33.49 US$33,490
2021-11-22 2021-11-19 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +4.8%
32.97
US$32,970 		1,000 +4.8% 32.97 US$32,970
2021-11-22 2021-11-18 B Purchase
2.7
DONOVAN PATRICK J
Non-Executive Director
1,000 +5.0%
32.61
US$32,610 		1,000 +5.0% 32.61 US$32,610
2021-11-08 2021-11-05 S Sale
2.9
GULLING DOUGLAS R

EVP, TREASURER & CFO

Officer
3,364 -5.3%
33.50
US$112,694 		3,364 -5.3% 33.50 US$112,694
2021-11-04 2021-11-03 S Sale
2.9
GULLING DOUGLAS R

EVP, TREASURER & CFO

Officer
5,000 -7.3%
32.13
US$160,650 		5,000 -7.3% 32.13 US$160,650
2021-11-04 2021-11-03 S Sale
2.9
GULLING DOUGLAS R

EVP, TREASURER & CFO

Officer
1,636 -2.3%
33.13
US$54,201 		1,636 -2.3% 33.13 US$54,201
2021-08-26 2021-08-25 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
389 +0.4%
29.98
US$11,662 		389 +0.4% 29.98 US$11,662
2021-08-09 2021-08-09 S Sale
2.9
GULLING DOUGLAS R

EVP, TREASURER & CFO

Officer
5,000 -6.7%
30.98
US$154,900 		5,000 -6.7% 30.98 US$154,900
2021-06-02 2021-06-02 S Sale
2.9
GULLING DOUGLAS R

EVP, TREASURER & CFO

Officer
5,000 -5.5%
28.17
US$140,850 		5,000 -5.5% 28.17 US$140,850
2021-05-28 2021-05-26 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
428 +0.4%
26.97
US$11,543 		428 +0.4% 26.97 US$11,543
2021-03-03 2021-03-03 S Sale
2.9
GULLING DOUGLAS R

EVP, TREASURER & CFO

Officer
5,000 -4.9%
24.25
US$121,250 		5,000 -4.9% 24.25 US$121,250
2021-02-26 2021-02-24 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
457 +0.4%
22.95
US$10,488 		457 +0.4% 22.95 US$10,488
2020-06-01 2020-06-01 B Purchase
3.1
McMurray Sean Patrick
Non-Executive Director
5,000 +16.9%
17.75
US$88,770 		5,000 +16.9% 17.75 US$88,770
2020-05-18 2020-05-15 B Purchase
3.1
MILLIGAN GEORGE D
Non-Executive Director
5,000 +10.8%
15.57
US$77,850 		5,000 +10.8% 15.57 US$77,850
2020-05-14 2020-05-14 B Purchase
2.0
SCHULER STEVEN T
Non-Executive Director
1,000 +10.7%
15.11
US$15,105 		1,000 +10.7% 15.11 US$15,105
2020-05-14 2020-05-14 B Purchase
1.9
MILLIGAN DAVID R
Non-Executive Director
1,000 +2.6%
14.95
US$14,950 		1,000 +2.6% 14.95 US$14,950
2020-05-13 2020-05-13 B Purchase
3.5
GERDIN MICHAEL J
Non-Executive Director
2,000 +9.4%
15.20
US$30,400 		2,000 +9.4% 15.20 US$30,400
2020-05-12 2020-05-12 B Purchase
3.5
GERDIN MICHAEL J
Non-Executive Director
4,221 +24.7%
16.33
US$68,929 		4,221 +24.7% 16.33 US$68,929
2020-05-11 2020-05-11 B Purchase
3.5
GERDIN MICHAEL J
Non-Executive Director
3,200 +23.0%
16.96
US$54,272 		3,200 +23.0% 16.96 US$54,272
2020-05-06 2020-05-06 B Purchase
3.5
GERDIN MICHAEL J
Non-Executive Director
2,579 +22.8%
16.48
US$42,504 		2,579 +22.8% 16.48 US$42,504
2020-05-01 2020-05-01 B Purchase
3.1
MILLIGAN GEORGE D
Non-Executive Director
5,000 +12.1%
17.79
US$88,950 		5,000 +12.1% 17.79 US$88,950
2020-03-05 2020-03-05 B Purchase
1.9
MILLIGAN DAVID R
Non-Executive Director
1,000 +2.7%
20.52
US$20,520 		1,000 +2.7% 20.52 US$20,520
2020-02-28 2020-02-28 B Purchase
3.1
MILLIGAN GEORGE D
Non-Executive Director
5,000 +14.2%
20.82
US$104,100 		5,000 +14.2% 20.82 US$104,100
2020-02-28 2020-02-28 B Purchase
2.0
SCHULER STEVEN T
Non-Executive Director
1,000 +14.3%
20.99
US$20,988 		1,000 +14.3% 20.99 US$20,988
2020-02-27 2020-02-27 B Purchase
1.9
MILLIGAN DAVID R
Non-Executive Director
1,000 +2.8%
21.50
US$21,500 		1,000 +2.8% 21.50 US$21,500
2020-02-27 2020-02-27 B Purchase
3.1
MILLIGAN GEORGE D
Non-Executive Director
3,000 +9.3%
21.78
US$65,340 		3,000 +9.3% 21.78 US$65,340
2020-02-20 2020-02-19 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
417 +0.5%
22.93
US$9,562 		417 +0.5% 22.93 US$9,562
2020-02-07 2020-02-07 B Purchase
2.9
NELSON DAVID D

CEO & PRESIDENT

Executive Director
150 +71.4%
23.86
US$3,579 		150 +71.4% 23.86 US$3,579
2019-12-04 2019-12-03 B Purchase DONOVAN PATRICK J Non-Executive Director
1,500 +17.6%
24.06
US$36,090 		1,500 +17.6% 24.06 US$36,090
2019-11-27 2019-11-27 B Purchase
2.7
DONOVAN PATRICK J
1,000 +13.3%
24.59
US$24,590 		1,000 +13.3% 24.59 US$24,590
2019-11-22 2019-11-21 B Purchase DONOVAN PATRICK J Non-Executive Director
2,500 +50.0%
24.06
US$60,150 		2,500 +50.0% 24.06 US$60,150
2019-11-21 2019-11-20 B Purchase DONOVAN PATRICK J Non-Executive Director
1,500 +42.9%
24.30
US$36,450 		1,500 +42.9% 24.30 US$36,450
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