Martin S. Friedman - Mar 29, 2022 Form 4/A - Amendment Insider Report for Randolph Bancorp, Inc. (RNDB)

Signature
Martin S. Friedman
Stock symbol
RNDB
Transactions as of
Mar 29, 2022
Transactions value $
-$3,158,352
Form type
4/A - Amendment
Date filed
4/4/2022, 02:28 PM
Date Of Original Report
Mar 31, 2022
Previous filing
Feb 4, 2022
Next filing
May 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNDB Common Stock Sale -$1.76M -66.3K -13.55% $26.48 423K Mar 29, 2022 See Footnote F1, F2, F3
transaction RNDB Common Stock Sale -$1.27M -47.8K -10.16% $26.47 423K Mar 29, 2022 See Footnote F1, F2, F3
transaction RNDB Common Stock Sale -$79.3K -2.99K -0.7% $26.48 423K Mar 29, 2022 See Footnote F1, F2, F3
transaction RNDB Common Stock Sale -$57.2K -2.16K -0.51% $26.47 423K Mar 29, 2022 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Martin S. Friedman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Martin S Friedman ("Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the managing member of and investment adviser to Financial Opportunity Fund LLC ("FOF"), Financial Hybrid Opportunity Fund LLC ("FHOF"), and Financial Hybrid Opportunity SPV 1 LLC ("HSPV"), (FOF, FHOF and HSPV, collectively, the "Funds") and investment adviser to a separately managed account ("SMA"), each of which beneficially owns shares of common stock of the Issuer ("Shares). FOF holds 223,712 Shares, (ii) FHOF holds 136,909 Shares, (iii) HSPV holds 171,604 Shares, and (iv) the SMA holds 10,101 Shares, which, in the aggregate, beneficially own 542,326 or more than 10% of the Shares.
F2 FJ Capital sold (a) 114,138 Shares on behalf of FOF; and (b) 5,154 Shares on behalf of the SMA (together with the Shares sold on behalf of FOF, collectively, the "Disposed Shares"). As a consequence of the sale of the Disposed Shares, FJ Capital's aggregate beneficial ownership is 423,034 of the issued and outstanding Shares or less than 10% of the Shares.
F3 The Reporting Person, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the Shares held by the Funds and the SMA. Mr. Friedman disclaims beneficial ownership of the Shares reported herein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

The Reporting Person is filing this amendment to the Form 4 filed on March 31, 2022, to (i) correct an error in the amount of securities beneficially owned following the reported transactions in Table I. Column 5 and (ii) to deleted two (2) lines in Table 1 which were erroneously included and unnecessary.