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

Role
President & CEO, Director, 10%+ Owner
Signature
Alan J. Hyatt
Stock symbol
SVBI
Transactions as of
Oct 12, 2021
Transactions value $
$126,600
Form type
4
Date filed
10/14/2021, 04:31 PM
Next filing
Nov 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVBI Common Stock Options Exercise $127K +20K +13.86% $6.33 164K Oct 12, 2021 Direct
transaction SVBI Common Stock Options Exercise $0 +16K +9.74% $0.00 180K Oct 12, 2021 Direct
transaction SVBI Common Stock Options Exercise $0 +12K +6.66% $0.00 192K Oct 12, 2021 Direct
holding SVBI Common Stock 1.38M Oct 12, 2021 Direct F1
holding SVBI Common Stock 7.74K Oct 12, 2021 By Spouse
holding SVBI Common Stock 145K Oct 12, 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 -20K -100% 0 Oct 12, 2021 Common Stock 20K $6.33 Direct F3
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -16K -80% 4K Oct 12, 2021 Common Stock 20K $7.48 Direct F4
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -12K -60% 8K Oct 12, 2021 Common Stock 20K $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.