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

Role
EVP-SR LENDING OFFICER
Signature
/s/ Linda Palmer, pursuant to Power of Attorney
Stock symbol
TCBC
Transactions as of
Dec 21, 2022
Transactions value $
-$19,602
Form type
4
Date filed
12/23/2022, 03:54 PM
Previous filing
Jul 20, 2021
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCBC Common Stock Award $0 +30K +300% $0.00 40K Dec 21, 2022 Direct F1
transaction TCBC Common Stock Tax liability -$19.6K -1.32K -3.3% $14.85 38.7K Dec 21, 2022 Direct
holding TCBC Common Stock 900 Dec 21, 2022 by ESOP

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 +50K $0.00 50K Dec 21, 2022 Common Stock 50K $14.85 Direct F2
* 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 The options were 20% vested at grant, with the remaining options vesting in four equal annual installments beginning on December 20, 2023.