Gregory Eiford - Dec 21, 2022 Form 4 Insider Report for TC Bancshares, Inc. (TCBC)

Role
PRESIDENT & CEO
Signature
/s/ Linda Palmer, pursuant to Power of Attorney
Stock symbol
TCBC
Transactions as of
Dec 21, 2022
Transactions value $
$0
Form type
4
Date filed
12/23/2022, 03:54 PM
Previous filing
Jul 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCBC Common Stock Award $0 +50K +500% $0.00 60K Dec 21, 2022 Direct F1
holding TCBC Common Stock 20K Dec 21, 2022 by IRA
holding TCBC Common Stock 1.33K Dec 21, 2022 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 TCBC Employee Stock Option Award $0 +125K $0.00 125K Dec 21, 2022 Common Stock 125K $14.85 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock grants were 20% vested at grant, with the remaining grants vesting in four equal annual installments beginning on December 20, 2023
F2 We have omitted 20,000 shares previously report as being owned by Mr. Eiford indirectly through an IRA. Mr. Eiford did not have any pecuniary interest in those shares.
F3 The options were 20% vested at grant, with the remaining options vesting in four equal annual installments beginning on December 20, 2023.