Robert G. Miller Jr. - 14 Mar 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.
Issuer symbol
EVBN
Transactions as of
14 Mar 2023
Net transactions value
-$48,937
Form type
4
Filing time
16 Mar 2023, 16:16:06 UTC
Previous filing
24 Feb 2023
Next filing
18 Dec 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 $26,442 +1,499 +2.5% $17.64 61,013 14 Mar 2023 Direct
transaction EVBN Common Stock Sale $54,280 -1,499 -2.5% $36.21 59,514 14 Mar 2023 Direct F1
transaction EVBN Common Stock Options Exercise $21,627 +1,226 +2.1% $17.64 60,740 16 Mar 2023 Direct
transaction EVBN Common Stock Sale $42,726 -1,226 -2% $34.85 59,514 16 Mar 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 -1,499 -55% $0.000000 1,226 14 Mar 2023 Common Stock 1,499 $17.64 Direct F3
transaction EVBN Option (right to buy) Options Exercise $0 -1,226 -100% $0.000000* 0 16 Mar 2023 Common Stock 1,226 $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.