John D. Baker II - Apr 6, 2023 Form 4 Insider Report for PATRIOT TRANSPORTATION HOLDING, INC. (PATI)

Signature
Daniel B. Nunn, Jr., Attorney-in-fact for John D. Baker II
Stock symbol
PATI
Transactions as of
Apr 6, 2023
Transactions value $
$6,354
Form type
4
Date filed
4/10/2023, 03:19 PM
Previous filing
Apr 6, 2023
Next filing
Apr 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATI Common Stock Purchase $6.35K +760 +0.46% $8.36 165K Apr 6, 2023 Held in Living Trust F1
holding PATI Common Stock 4K Apr 6, 2023 Direct
holding PATI Common Stock 3.34K Apr 6, 2023 Held in IRA
holding PATI Common Stock 1.26K Apr 6, 2023 Held in Wife's Living Trust F2
holding PATI Common Stock 371K Apr 6, 2023 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares were purchased pursuant to a 10b5-1 plan dated February 24, 2023.
F2 The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F3 Shares are held by the Trust FBO John D. Baker II U/A Cynthia L. Baker Trust dated 4/30/1965, for which the Reporting Person serves as co-trustee, and of which the Reporting Person is the sole income beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.