Michael L. Hammer - Jun 16, 2023 Form 4 Insider Report for HV Bancorp, Inc. (HVBC)

Role
Director
Signature
/s/ Janice Garner, pursuant to power of attorney
Stock symbol
HVBC
Transactions as of
Jun 16, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 04:37 PM
Previous filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HVBC Common Stock Disposed to Issuer -2K -100% 0 Jun 16, 2023 By Trust for children F1
transaction HVBC Common Stock Disposed to Issuer -8K -100% 0 Jun 16, 2023 By 401(k) F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Pursuant to a merger agreement between the Issuer and Citizens Financial Services, Inc. ("CZFS"), each share of Issuer common stock was converted into and became exchangeable for the right to receive, at the election of the holder, either (i) $30.50 in cash or (ii) 0.4040 shares of CZFS common stock, subject to allocation procedures to ensure that 20% of the outstanding shares of Issuer common stock are exchanged for cash and 80% of the outstanding shares of Issuer common stock are exchanged for shares of CZFS common stock.