Joe Sr Penland - Feb 1, 2022 Form 4 Insider Report for CBTX, Inc. (STEL)

Role
Director
Signature
/s/ Robert T. Pigott, Jr., attorney-in-fact
Stock symbol
STEL
Transactions as of
Feb 1, 2022
Transactions value $
$0
Form type
4
Date filed
2/3/2022, 03:43 PM
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STEL Common Stock Award $0 +1.59K +0.33% $0.00 483K Feb 1, 2022 Direct F1
holding STEL Common Stock 216K Feb 1, 2022 By Penland Foundation F2
holding STEL Common Stock 725K Feb 1, 2022 By Tram Road Partners LP F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of Common Stock that will vest on December 31, 2022, subject to continued service as a director of the issuer on such date; provided, however, that if a "Change of Control" occurs before December 31, 2022, then a prorated number of the Restricted Shares shall become fully vested effective immediately prior to the effective time of such Change of Control based on the number of calendar days elapsed between January 1, 2022, and the date on which the Change of Control occurs, and the remaining Restricted Shares shall be forfeited to and reacquired by the Company for no consideration.
F2 The reporting person serves as trustee of the Penland Foundation. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.
F3 The reporting person is the manager and member of Tram Road Managers, LLC, a Texas limited liability company, which is the general partner of Tram Road Partners, LP, a Texas limited partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose.