Jay Dyer - Aug 29, 2023 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Director
Signature
/s/ Drake Mills, as Attorney-in-Fact
Stock symbol
OBK
Transactions as of
Aug 29, 2023
Transactions value $
$84,042
Form type
4
Date filed
8/30/2023, 11:49 AM
Previous filing
Aug 28, 2023
Next filing
Aug 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBK Common Stock Options Exercise $84K +5.56K +16% $15.11 40.3K Aug 29, 2023 Direct
holding OBK Common Stock 18.2K Aug 29, 2023 BY ISSUER RETIREMENT PLAN
holding OBK Common Stock 3.82K Aug 29, 2023 By IRA
holding OBK Common Stock 60 Aug 29, 2023 By self as custodian for child 1
holding OBK Common Stock 24 Aug 29, 2023 By self as custodian for child 2
holding OBK Common Stock 13 Aug 29, 2023 By self as custodian for child 3
holding OBK Common Stock 57.9K Aug 29, 2023 By limited partnership F1

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 OBK Stock Options (Right to Buy) Options Exercise $0 -5.56K -99.7% $0.00 17 Aug 29, 2023 Common Stock 5.56K $15.11 Direct F2
holding OBK Restricted Stock Units 4.45K Aug 29, 2023 Common Stock 4.45K Direct F3, F4
holding OBK Restricted Stock Units 1.52K Aug 29, 2023 Common Stock 1.52K Direct F3, F5
holding OBK Stock Options (Right to Buy) 3.97K Aug 29, 2023 Common Stock 3.97K $19.64 Direct F2
holding OBK Stock Options (Right to Buy) 1.66K Aug 29, 2023 Common Stock 1.66K $37.76 Direct F2
holding OBK Stock Options (Right to Buy) 16.6K Aug 29, 2023 Common Stock 16.6K $33.23 Direct F2
holding OBK Stock Options (Right to Buy) 7.61K Aug 29, 2023 Common Stock 7.61K $31.72 Direct F2
holding OBK Stock Options (Right to Buy) 6.62K Aug 29, 2023 Common Stock 6.62K $19.64 Direct F2
holding OBK Stock Options (Right to Buy) 9.93K Aug 29, 2023 Common Stock 9.93K $22.28 Direct F2
holding OBK Stock Options (Right to Buy) 8.28K Aug 29, 2023 Common Stock 8.28K $23.64 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person has investment control over the shares held or controlled by SBSPBL, LP, a limited partnership. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "Exchange Act"), the filing of this statement shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities reported herein.
F2 Pursuant to the Merger Agreement, at the effective time of the Merger, August 1, 2022, each outstanding and unexercised option to purchase shares of BTH common stock became fully vested and automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions (excluding vesting but including exercisability terms) as the corresponding option to purchase shares of BTH common stock immediately prior to the effective time of the Merger.
F3 Each restricted stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer.
F4 Granted on February 17, 2023, with 2,226 shares vesting on each of the vesting dates of August 19, 2023, August 19, 2024, and August 19, 2025.
F5 Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.