Jay Dyer - 14 Dec 2023 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role
Director
Signature
/s/ Drake Mills, as Attorney-in-Fact
Issuer symbol
OBK
Transactions as of
14 Dec 2023
Net transactions value
-$68,083
Form type
4
Filing time
15 Dec 2023, 16:56:52 UTC
Previous filing
29 Sep 2023
Next filing
21 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBK Common Stock Options Exercise $78,010 +3,972 +11% $19.64 40,742 14 Dec 2023 Direct
transaction OBK Common Stock Options Exercise $130,036 +6,621 +16% $19.64 47,363 14 Dec 2023 Direct
transaction OBK Common Stock Options Exercise $221,263 +9,931 +21% $22.28 57,294 14 Dec 2023 Direct
transaction OBK Common Stock Options Exercise $195,645 +8,276 +14% $23.64 65,570 14 Dec 2023 Direct
transaction OBK Common Stock Options Exercise $241,516 +7,614 +12% $31.72 73,184 14 Dec 2023 Direct
transaction OBK Common Stock Options Exercise $550,023 +16,552 +23% $33.23 89,736 14 Dec 2023 Direct
transaction OBK Common Stock Tax liability $1,484,576 -41,725 -46% $35.58 48,011 14 Dec 2023 Direct F1, F2
holding OBK Common Stock 18,460 14 Dec 2023 BY ISSUER RETIREMENT PLAN
holding OBK Common Stock 3,822 14 Dec 2023 By IRA
holding OBK Common Stock 60 14 Dec 2023 By self as custodian for child 1
holding OBK Common Stock 24 14 Dec 2023 By self as custodian for child 2
holding OBK Common Stock 13 14 Dec 2023 By self as custodian for child 3
holding OBK Common Stock 57,906 14 Dec 2023 By limited partnership F3

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 -3,972 -100% $0.000000* 0 14 Dec 2023 Common Stock 3,972 $19.64 Direct F4
transaction OBK Stock Options (Right to Buy) Options Exercise $0 -6,621 -100% $0.000000* 0 14 Dec 2023 Common Stock 6,621 $19.64 Direct F4
transaction OBK Stock Options (Right to Buy) Options Exercise $0 -9,931 -100% $0.000000* 0 14 Dec 2023 Common Stock 9,931 $22.28 Direct F4
transaction OBK Stock Options (Right to Buy) Options Exercise $0 -8,276 -100% $0.000000* 0 14 Dec 2023 Common Stock 8,276 $23.64 Direct F4
transaction OBK Stock Options (Right to Buy) Options Exercise $0 -7,614 -100% $0.000000* 0 14 Dec 2023 Common Stock 7,614 $31.72 Direct F4
transaction OBK Stock Options (Right to Buy) Options Exercise $0 -16,552 -100% $0.000000* 0 14 Dec 2023 Common Stock 16,552 $33.23 Direct F4
holding OBK Stock Options (Right to Buy) 1,655 14 Dec 2023 Common Stock 1,655 $37.76 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were sold to cover the exercise price and the tax liability in connection with the exercising of stock options.
F2 This transaction was executed in multiple trades at prices ranging from $35.57 to $36.21. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 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.
F4 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.