Robert T. Strong - 14 Sep 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: 14 Sep 2023
Net transactions value: +$200,005
Form type: 4
Filing time: 15 Sep 2023, 16:25:36 UTC
Previous filing: 15 Sep 2023
Next filing: 21 Aug 2024
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	$200,005	+15,038	+8.2%	$13.30	197,433	14 Sep 2023	Direct	F1
holding	QNTO	Common Stock						22,742	14 Sep 2023	By IRA
holding	QNTO	Common Stock						9,251	14 Sep 2023	By 401(k) Plan	F2
holding	QNTO	Common Stock						33,944	14 Sep 2023	By ESOP

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	-15,038	-50%	$0.000000	14,962	14 Sep 2023	Common Stock	15,038	$13.30	Direct	F3
holding	QNTO	Common Stock (Right to Buy)						15,000	14 Sep 2023	Common Stock	15,000	$18.00	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 4,500 shares granted pursuant to the Issuer's 2023 Stock Incentive plan that are vesting ratably over five years at 20% per year commencing on May 10, 2024 and includes 175,895 shares held jointly with the reporting person's spouse.
F2	Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4. Based on a report dated September 15, 2023.
F3	The options vested at a rate of 20% per year commencing on May 9, 2019.
F4	The options are vesting at a rate of 20% per year commencing on May 10, 2024.