Donald S. Hom - Nov 18, 2024 Form 4 Insider Report for NorthEast Community Bancorp, Inc./MD/ (NECB)

Role
EVP and CFO
Signature
/s/ Donald S. Hom
Stock symbol
NECB
Transactions as of
Nov 18, 2024
Transactions value $
-$82,992
Form type
4
Date filed
11/20/2024, 04:01 PM
Previous filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NECB Common Stock Tax liability -$83K -2.85K -19.51% $29.12 11.8K Nov 18, 2024 Direct F1
holding NECB Common Stock 11K Nov 18, 2024 By ESOP F2
holding NECB Common Stock 11K Nov 18, 2024 By IRA F2
holding NECB Common Stock 20K Nov 18, 2024 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) 82.2K Nov 18, 2024 Common Stock 82.2K $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 In connection with an ESOP diversification election a portion of shares held indirectly by ESOP have been transferred and are now held indirectly by IRA. This transaction is exempt pursuant to Rule 16a-13.
F3 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.
F4 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