James P. Chiaro - Jun 16, 2023 Form 4 Insider Report for FNCB Bancorp, Inc. (FNCB)

Signature
/s/ James M. Bone, Jr., CPA, As Attorney in Fact
Stock symbol
FNCB
Transactions as of
Jun 16, 2023
Transactions value $
$6,238
Form type
4
Date filed
6/20/2023, 06:21 PM
Previous filing
Oct 5, 2022
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FNCB COMMON STOCK Purchase $106 +17 +1.73% $6.21 1K Jun 16, 2023 Direct F1
transaction FNCB COMMON STOCK Purchase $3.78K +604 +159.37% $6.25 983 Jun 16, 2023 Direct
transaction FNCB COMMON STOCK Purchase $2.36K +379 $6.22 379 Jun 16, 2023 Direct
holding FNCB COMMON STOCK 25.4K Jun 16, 2023 By Chiaro Investment Services, LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares held by Mr. Chiaro individually.
F2 Reflects restricted shares of Issuer's common stock issued in connection with the purchase of substantially all of the assets of Chiaro Investment Services, LLC pursuant to the Asset Purchase Agreement dated September 30, 2022 and consummated on the same date ("Purchase Agreement"). The restricted shares of common stock will be released based on the achievement of quarterly net commissions and fees in accordance with a schedule set forth in the Purchase Agreement. Any shares not eligible to be released by August 15, 2027 will be forfeited and canceled.