Robert T. Strong - 21 Feb 2023 Form 4 Insider Report for QUAINT OAK BANCORP INC (QNTO)

Role
President and CEO, Director
Signature
/s/ Diane J. Colyer by P.O.A. For Robert T. Strong
Issuer symbol
QNTO
Transactions as of
21 Feb 2023
Net transactions value
+$121,500
Form type
4
Filing time
22 Feb 2023, 16:15:06 UTC
Previous filing
22 Feb 2023
Next filing
15 Sep 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 $121,500 +15,000 +9.2% $8.10 177,895 21 Feb 2023 Direct F1
holding QNTO Common Stock 22,742 21 Feb 2023 By IRA
holding QNTO Common Stock 8,849 21 Feb 2023 By 401(k) Plan F2
holding QNTO Common Stock 32,579 21 Feb 2023 By ESOP 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
transaction QNTO Common Stock (Right to Buy) Options Exercise $0 -15,000 -100% $0.000000* 0 21 Feb 2023 Common Stock 15,000 $8.10 Direct F4
holding QNTO Common Stock (Right to Buy) 30,000 21 Feb 2023 Common Stock 30,000 $13.30 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 175,895 shares held jointly with the reporting person's spouse, which includes 2,000 shares transferred from direct to joint ownership since the last filed Form 4, 2,000 shares granted pursuant to the Issuer's 2018 Stock Incentive Plan which represent the unvested portion of a grant amount originally covering 10,000 shares that commenced vesting at a rate of 20% per year on May 9, 2019, and reflects acquisition of 1,456 shares to satisfy required minimum distribution from ESOP account of the reporting person to the reporting person's joint account with his spouse since the last filed Form 4.
F2 Includes shares acquired in the Quaint Oak Bank 401(k) Plan since the last filed Form 4, based on a report dated February 21, 2022.
F3 Includes shares distributed pursuant to a required minimum distribution of 1,456 shares since the last filed Form 4.
F4 The options vested at a rate of 20% per year commencing on May 8, 2014.
F5 The options are vesting at a rate of 20% per year commencing on May 9, 2019.