Karen Knott - Apr 23, 2023 Form 4 Insider Report for Sterling Bancorp, Inc. (SBT)

Role
EVP AND CFO
Signature
/s/ Karen Knott by Elizabeth M. Keogh, attorney-in-fact
Stock symbol
SBT
Transactions as of
Apr 23, 2023
Transactions value $
-$5,118
Form type
4
Date filed
4/25/2023, 06:13 PM
Previous filing
Mar 3, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBT Common Stock Tax liability -$5.12K -890 -3.04% $5.75 28.4K Apr 23, 2023 Direct F1
holding SBT Common Stock 4.49K Apr 23, 2023 401(k) Plan F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.
F2 The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "Plan"), consisting primarily of the issuer's Common Stock and the remainder in cash or cash equivalents. The number of shares in this row is an estimate of the number of shares of the issuer's Common Stock held in the unitized stock fund and attributed to the reporting person as a Plan participant.
F3 Includes a corrected estimate of 1,909 shares of Common Stock allocable to the reporting person as of April 6, 2022, calculated based on the $7.10 closing price of the issuer's Common Stock as of April 5, 2022, which was the date prior to the date that the shares of Common Stock were contributed to the unitized stock fund.
F4 Includes an estimate of 2,583 shares of Common Stock allocable to the reporting person as of April 10, 2023. This has been calculated based on the $5.56 closing price of the issuer's Common Stock as of April 9, 2023, which was the date prior to the date that the shares of Common Stock were contributed to the unitized stock fund, and may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's Common stock and the amount of cash in the unitized stock fund. The shares of Common Stock were contributed to the unitized stock fund and allocated to participants on April 10, 2023.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney