Michael Sherman Penney - Dec 21, 2022 Form 4 Insider Report for TC Bancshares, Inc. (TCBC)

Role
EVP-CHIEF CREDIT OFFICER
Signature
/s/ Linda Palmer, pursuant to Power of Attorney
Stock symbol
TCBC
Transactions as of
Dec 21, 2022
Transactions value $
-$6,653
Form type
4
Date filed
12/23/2022, 03:56 PM
Previous filing
Sep 30, 2022
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 +8K +1600% $0.00 8.5K Dec 21, 2022 Direct F1
transaction TCBC Common Stock Tax liability -$6.65K -448 -5.27% $14.85 8.05K Dec 21, 2022 Direct
holding TCBC Common Stock 404 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 +15K $0.00 15K Dec 21, 2022 Common Stock 15K $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.