Alan J. Hyatt - 12 Oct 2021 Form 4 Insider Report for SEVERN BANCORP INC

Role
President & CEO, Director, 10%+ Owner
Signature
Alan J. Hyatt
Issuer symbol
N/A
Transactions as of
12 Oct 2021
Net transactions value
+$126,600
Form type
4
Filing time
14 Oct 2021, 16:31:13 UTC
Next filing
02 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVBI Common Stock Options Exercise $126,600 +20,000 +14% $6.33 164,269 12 Oct 2021 Direct
transaction SVBI Common Stock Options Exercise $0 +16,000 +9.7% $0.000000 180,269 12 Oct 2021 Direct
transaction SVBI Common Stock Options Exercise $0 +12,000 +6.7% $0.000000 192,269 12 Oct 2021 Direct
holding SVBI Common Stock 1,376,564 12 Oct 2021 Direct F1
holding SVBI Common Stock 7,738 12 Oct 2021 By Spouse
holding SVBI Common Stock 145,143 12 Oct 2021 By ESOP F2

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
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -20,000 -100% 0 12 Oct 2021 Common Stock 20,000 $6.33 Direct F3
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -16,000 -80% 4,000 12 Oct 2021 Common Stock 20,000 $7.48 Direct F4
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -12,000 -60% 8,000 12 Oct 2021 Common Stock 20,000 $7.81 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are jointly owned by Alan J. Hyatt and his spouse, Sharon G. Hyatt.
F2 Reflects shares allocated to Alan J. Hyatt's ESOP account.
F3 Options vest over a 5-year period beginning December 22, 2016.
F4 Options vest over a 5-year period beginning November 22, 2017.
F5 Options vest over a 5-year period beginning December 19, 2018.