Robert J. Phillips - 03 Jan 2023 Form 4 Insider Report for QUAINT OAK BANCORP INC (QNTO)

Role
Director
Signature
/s/ Diane J. Colyer by P.O.A. for Robert J. Phillips
Issuer symbol
QNTO
Transactions as of
03 Jan 2023
Net transactions value
+$64,800
Form type
4
Filing time
04 Jan 2023, 15:57:59 UTC
Previous filing
16 Dec 2022
Next filing
12 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNTO Common Stock Options Exercise $64,800 +8,000 +13% $8.10 68,329 03 Jan 2023 Direct F1, F2
holding QNTO Common Stock 1,401 03 Jan 2023 By IRA
holding QNTO Common Stock 608 03 Jan 2023 By Spouse in IRA F2

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
transaction QNTO Stock Option (Right to Buy) Options Exercise $0 -8,000 -100% $0.000000* 0 03 Jan 2023 Common Stock 8,000 $8.10 Direct F3
holding QNTO Stock Option (Right to Buy) 7,500 03 Jan 2023 Common Stock 7,500 $13.30 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 400 shares granted pursuant to the Issuer's 2018 Stock Incentive Plan that reflect the unvested portion of a grant amount originally covering 2,000 shares which are vesting ratably over five years at 20% per year commencing on May 9, 2019 and includes 63,904 shares held jointly with the reporting person's spouse.
F2 Reflects disposition of 25 shares to satisfy required minimum distribution from individual retirement account of the reporting person's spouse since the last filed Form 4 and transferred to the reporting person's joint account.
F3 The options vested at a rate of 20% per year commencing on May 8, 2014.
F4 The options are vesting at a rate of 20% per year commencing on May 9, 2019.