David R. Phelps - Jul 20, 2023 Form 3/A - Amendment Insider Report for Third Coast Bancshares, Inc. (TCBX)

Role
Director
Signature
/s/ R. John McWhorter, attorney-in-fact
Stock symbol
TCBX
Transactions as of
Jul 20, 2023
Transactions value $
$0
Form type
3/A - Amendment
Date filed
7/31/2023, 03:45 PM
Date Of Original Report
Jul 28, 2023
Next filing
Aug 21, 2023

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
holding TCBX Series A Convertible Non-Cumulative Preferred Stock Jul 20, 2023 Common Stock 4.45K $22.50 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were omitted from the reporting person's original Form 3.
F2 The Series A Convertible Non-Cumulative Preferred Stock is redeemable by the Issuer (i) at any time following September 30, 2027, subject to regulatory approval and provided the closing price of the common stock has achieved certain thresholds, and (ii) at any time if the Series A Convertible Non-Cumulative Preferred Stock ceases to constitute Additional Tier 1 capital.
F3 The Series A Convertible Non-Cumulative Preferred Stock is convertible into (i) common stock, subject to certain regulatory and contractual caps, and thereafter, subject to such caps, (ii) Series B Convertible Perpetual Preferred Stock, and (iii) non-voting common stock. The Series A Convertible Non-Cumulative Preferred Stock is convertible into common stock and non-voting common stock at a price per share of $22.50, subject to certain anti-dilution adjustments, and is convertible into Series B Convertible Perpetual Preferred Stock at a rate of one share for one share.