Aaron Whitehouse - 15 Mar 2023 Form 4 Insider Report for EVANS BANCORP INC (EVBN)

Role: President, The Evans Agency
Signature: /s/Jessica L. Brosius, Attorney in Fact for Aaron Whitehouse
Issuer symbol: EVBN
Transactions as of: 15 Mar 2023
Net transactions value: +$4,111
Form type: 4
Filing time: 16 Mar 2023, 15:45:50 UTC
Previous filing: 14 Feb 2023
Next filing: 24 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVBN	Common Stock	Options Exercise	$6,171	+178	+2.2%	$34.67	8,292	15 Mar 2023	Direct
transaction	EVBN	Common Stock	Tax liability	$2,060	-60	-0.72%	$34.33	8,232	16 Mar 2023	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	EVBN	Restricted Stock Unit	Options Exercise	$0	-178	-33%	$0.000000	358	15 Mar 2023	Common Stock	178		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	On March 15, 2022, the reporting person was granted 536 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
F3	No expiration date for this type of award