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

Role
EVP-SR LENDING OFFICER
Signature
/s/ Linda Palmer, pursuant to Power of Attorney
Issuer symbol
TCBC
Transactions as of
21 Dec 2022
Net transactions value
-$19,602
Form type
4
Filing time
23 Dec 2022, 15:54:47 UTC
Previous filing
20 Jul 2021
Next filing
14 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TCBC Common Stock Award $0 +30,000 +300% $0.000000 40,000 21 Dec 2022 Direct F1
transaction TCBC Common Stock Tax liability $19,602 -1,320 -3.3% $14.85 38,680 21 Dec 2022 Direct
holding TCBC Common Stock 900 21 Dec 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 +50,000 $0.000000 50,000 21 Dec 2022 Common Stock 50,000 $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.