Karen Knott - 01 Oct 2021 Form 3 Insider Report for Sterling Bancorp, Inc.

Role
EVP and CFO
Signature
/s/ Karen Knott by Colleen Kimmel, attorney-in-fact
Issuer symbol
N/A
Transactions as of
01 Oct 2021
Net transactions value
$0
Form type
3
Filing time
07 Oct 2021, 12:51:12 UTC
Previous filing
07 Jun 2022
Next filing
22 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SBT Common Stock 18,573 01 Oct 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SBT Stock Option (right to buy) 01 Oct 2021 Common Stock 2,000 $13.73 Direct F1
holding SBT Stock Option (right to buy) 01 Oct 2021 Common Stock 3,115 $10.12 Direct F2
holding SBT Stock Option (right to buy) 01 Oct 2021 Common Stock 6,944 $7.10 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an option to purchase 2,000 shares of Common Stock which was granted pursuant to the Sterling Bancorp, Inc. 2017 Omnibus Equity Incentive Plan (the "Plan") on March 21, 2018, and vests 50% on the third anniversary of the grant and 50% on the fourth anniversary of the grant.
F2 Represents an option to purchase 3,115 shares of Common Stock which was granted pursuant to the Plan on March 1, 2019, and vests 50% on the third anniversary of the grant and 50% on the fourth anniversary of the grant.
F3 Represents an option to purchase 6,944 shares of Common Stock which was granted pursuant to the Plan on March 2, 2020, and vests ratably over three years (one-third per year) on each anniversary of the grant.

Remarks:

Exhibit 24, Power of Attorney, is attached.