John J. D'Angelo - Jan 31, 2024 Form 4 Insider Report for Investar Holding Corp (ISTR)

Signature
/s/ John J. D'Angelo
Stock symbol
ISTR
Transactions as of
Jan 31, 2024
Transactions value $
-$37,450
Form type
4
Date filed
6/7/2024, 06:10 PM
Previous filing
Feb 14, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISTR Common Stock Options Exercise $840K +60K +27.93% $14.00 275K Jun 5, 2024 Direct
transaction ISTR Common Stock Tax liability -$867K -55.6K -20.23% $15.60 219K Jun 5, 2024 Direct F1
transaction ISTR Common Stock Sale -$10K -650 -0.3% $15.41 219K Jun 7, 2024 Direct F2, F3
transaction ISTR Common Stock Small acquisition under Rule 16a-6 $35.80 +2 +0.1% $17.90 2.1K Jan 31, 2024 Minor children F4
holding ISTR Common Stock 30.8K Jan 31, 2024 401(k)
holding ISTR Common Stock 250 Jan 31, 2024 Spouse

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 ISTR Employee Stock Option Options Exercise $0 -60K -100% $0.00* 0 Jun 5, 2024 Common Stock 60K $14.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The Reporting Person received 4,393 shares of common stock on net exercise of an option to purchase 60,000 shares of common stock. The Company withheld 55,607 shares of common stock underlying the option to satisfy the exercise price and tax withholding obligations.
F2 Sales were undertaken by the Reporting Person for personal tax planning purposes, primarily related to tax obligations on the reported option exercise.
F3 The reported price is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $15.38 to $15.44 per share. The Reporting Person undertakes to provide to Investar Holding Corporation, any security holder of Investar Holding Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Reflects shares acquired by the Reporting Person under an automatic dividend reinvestment plan. Reporting of this acquisition was deferred under Rule 16a-6(a); however, because of the Reporting Person's sale of shares on June 7, 2024, the reporting of the acquisition is no longer deferred and is being reported on this Form 4 in accordance with Rule 16a-6(b).
F5 The option vested in six equal annual installments beginning on July 1, 2015 and is currently exercisable as to all 60,000 shares.