Robert G. Miller Jr - Mar 14, 2023 Form 4 Insider Report for EVANS BANCORP INC (EVBN)

Role
Director
Signature
/s/Jessica L. Brosius, Attorney in Fact for Robert G. Miller, Jr.
Stock symbol
EVBN
Transactions as of
Mar 14, 2023
Transactions value $
-$48,937
Form type
4
Date filed
3/16/2023, 04:16 PM
Previous filing
Feb 24, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVBN Common Stock Options Exercise $26.4K +1.5K +2.52% $17.64 61K Mar 14, 2023 Direct
transaction EVBN Common Stock Sale -$54.3K -1.5K -2.46% $36.21 59.5K Mar 14, 2023 Direct F1
transaction EVBN Common Stock Options Exercise $21.6K +1.23K +2.06% $17.64 60.7K Mar 16, 2023 Direct
transaction EVBN Common Stock Sale -$42.7K -1.23K -2.02% $34.85 59.5K Mar 16, 2023 Direct F2

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 Option (right to buy) Options Exercise $0 -1.5K -55.01% $0.00 1.23K Mar 14, 2023 Common Stock 1.5K $17.64 Direct F3
transaction EVBN Option (right to buy) Options Exercise $0 -1.23K -100% $0.00* 0 Mar 16, 2023 Common Stock 1.23K $17.64 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 1,499 shares were sold as follows: 100 shares at $36.00, 26 shares at $36.14, 796 shares at $36.205, 111 share at $36.22, 78 shares at $36.25, 7 shares at $36.26, 276 shares at $36.265, 100 shares at $36.27, 5 shares at $36.60.
F2 The 1,226 shares were sold as follows: 777 shares at $34.80, 10 shares at $34.81, 10 shares at $34.90, 48 share at $34.905, 13 shares at $34.91, 100 shares at $34.92, 30 shares at $34.945, 222 shares at $34.96, 10 shares at $34.97, 5 shares at $34.975, and 1 shares at $35.00
F3 The Stock Options shall be exercisable according to the following schedule, 25% of the shares of Common Stock subject to the Stock Option will vest on each of the first four anniversaries of the date of grant.