CARA McDANIEL - Feb 1, 2022 Form 4 Insider Report for Veritex Holdings, Inc. (VBTX)

Signature
C. Malcolm Holland
Stock symbol
VBTX
Transactions as of
Feb 1, 2022
Transactions value $
-$34,889
Form type
4
Date filed
3/27/2023, 06:32 PM
Previous filing
Jun 23, 2021
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VBTX Common Stock Options Exercise $0 +3.33K +51.12% $0.00 9.85K Jun 15, 2022 Direct
transaction VBTX Common Stock Tax liability -$25.1K -811 -8.23% $30.97 9.04K Jun 15, 2022 Direct
transaction VBTX Common Stock Options Exercise $0 +994 +10.99% $0.00 10K Feb 1, 2022 Direct
transaction VBTX Common Stock Tax liability -$9.77K -242 -2.41% $40.38 9.79K Feb 1, 2022 Direct

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 VBTX Restricted Stock Unit Options Exercise $0 +3.33K +333300% $0.00 3.33K Jun 15, 2022 Common Stock 3.33K Direct F1, F2
transaction VBTX Restricted Stock Unit Options Exercise $0 +994 $0.00 994 Feb 1, 2022 Common Stock 994 Direct F1, F2
* 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 Each restricted stock unit ("RSU") represents a right to receive at settlement one share of common stock of the Company.
F2 The restricted stock units are subject to graded vesting over three years the vesting dates of February 1, 2022, February 1, 2023, and February 1, 2024.