William R. Gonzalez - 09 May 2022 Form 4 Insider Report for QUAINT OAK BANCORP INC (QNTO)

Role
Executive Vice President*
Signature
/s/ William R. Gonzalez
Issuer symbol
QNTO
Transactions as of
09 May 2022
Net transactions value
-$4,326
Form type
4
Filing time
11 May 2022, 13:36:23 UTC
Previous filing
15 Dec 2021
Next filing
04 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNTO Common Stock Tax liability $4,326 -181 -2.5% $23.90 7,019 09 May 2022 Direct F1, F2
holding QNTO Common Stock 9,681 09 May 2022 By 401(k) Plan F3
holding QNTO Common Stock 10,260 09 May 2022 By ESOP F4
holding QNTO Common Stock 742 09 May 2022 By spouse through ESOP 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 QNTO Stock Option (Right to Buy) 15,000 09 May 2022 Common Stock 15,000 $13.30 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposition solely to meet tax obligation for distribution from stock benefit plan.
F2 Includes 1,000 shares granted pursuant to the Issuer's 2013 Stock Incentive Plan which reflect the unvested portion of a grant amount originally covering 5,000 shares that commenced vesting at a rate of 20% per year on May 9, 2019.
F3 Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4. Based on a report dated March 22, 2022.
F4 Includes shares allocated to the reporting person's ESOP account and the ESOP account of the reporting person's spouse since the last filed Form 4.
F5 The options are vesting at a rate of 20% per year commencing on May 9, 2019.

Remarks:

* Executive Vice President of Quaint Oak Bank (Issuer subsidiary)