Jose M. Collazo - 17 Nov 2023 Form 4 Insider Report for NorthEast Community Bancorp, Inc./MD/ (NECB)

Role
President and COO, Director
Signature
/s/ Jose M. Collazo
Issuer symbol
NECB
Transactions as of
17 Nov 2023
Net transactions value
-$103,302
Form type
4
Filing time
21 Nov 2023, 15:25:33 UTC
Previous filing
21 Nov 2022
Next filing
20 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NECB Common Stock Tax liability $103,302 -6,073 -41% $17.01 8,919 17 Nov 2023 Direct F1
holding NECB Common Stock 9,499 17 Nov 2023 By 401(k) F2
holding NECB Common Stock 25,705 17 Nov 2023 By ESOP F2
holding NECB Common Stock 6,178 17 Nov 2023 By Spouse 401(k) F2
holding NECB Common Stock 10,782 17 Nov 2023 By Spouse ESOP F2
holding NECB Common Stock 4,000 17 Nov 2023 By Spouse Stock Award F3
holding NECB Common Stock 43,832 17 Nov 2023 By Stock Award F4

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 NECB Stock Option (right to buy) 136,977 17 Nov 2023 Common Stock 136,977 $14.08 Direct F5
holding NECB Stock Option (right to buy) 12,500 17 Nov 2023 Common Stock 12,500 $14.08 By Spouse F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares held directly includes certain shares that were previously held by Stock Award and by Spouse Stock Award which have subsequently vested.
F2 This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
F3 Stock Awards granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five equal annual installments commencing on November 17, 2023.
F4 Stock Awards granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five approximately equal annual installments commencing on November 17, 2023.
F5 Stock Options granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five approximately equal annual installments commencing on November 17, 2023.
F6 Stock Options granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five equal annual installments commencing on November 17, 2023.