Michael L. Toalson - 01 Apr 2025 Form 4 Insider Report for Village Bank & Trust Financial Corp. (VBFC)

Role
Director
Signature
/s/ Michael L. Toalson
Issuer symbol
VBFC
Transactions as of
01 Apr 2025
Net transactions value
-$876,410
Form type
4
Filing time
02 Apr 2025, 12:14:13 UTC
Previous filing
25 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VBFC Common Stock Disposed to Issuer $321,160 -4,002 -100% $80.25 0 01 Apr 2025 Direct F1, F2
transaction VBFC Common Stock Disposed to Issuer $436,400 -5,438 -100% $80.25 0 01 Apr 2025 By IRA F1
transaction VBFC Common Stock Disposed to Issuer $118,850 -1,481 -100% $80.25 0 01 Apr 2025 By Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael L. Toalson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Reorganization, dated as of September 23, 2024, by and among TowneBank, Cardinal Sub, Inc., Village Bank and the issuer, pursuant to which the issuer was merged with and into TowneBank, effective April 1, 2025, and each issued and outstanding share of common stock of the issuer was converted into the right to receive $80.25 in cash. The reporting person no longer beneficially owns, directly or indirectly, any shares of common stock of the issuer.
F2 Of which 2,050 shares are held jointly with reporting person's spouse