Charles A. Martinek - 17 Nov 2023 Form 4 Insider Report for NorthEast Community Bancorp, Inc./MD/ (NECB)

Role
Director
Signature
/s/ Charles A. Martinek
Issuer symbol
NECB
Transactions as of
17 Nov 2023
Net transactions value
-$9,049
Form type
4
Filing time
21 Nov 2023, 15:25:40 UTC
Previous filing
21 Nov 2022
Next filing
01 Dec 2023
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 $9,049 -532 -31% $17.01 1,209 17 Nov 2023 Direct F1
holding NECB Common Stock 6,337 17 Nov 2023 By 401(k) F2
holding NECB Common Stock 16,329 17 Nov 2023 By ESOP F2
holding NECB Common Stock 6,400 17 Nov 2023 By Stock Award F3

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) 20,000 17 Nov 2023 Common Stock 20,000 $14.08 Direct F4
* 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 that 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 Options granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five equal annual installments commencing on November 17, 2023.