John Beckworth - Sep 29, 2022 Form 4 Insider Report for Allegiance Bancshares, Inc. (ABTX)

Role
Director
Signature
/s/ Shanna Kuzdzal, Attorney-in-fact
Stock symbol
ABTX
Transactions as of
Sep 29, 2022
Transactions value $
$0
Form type
4
Date filed
10/3/2022, 05:17 PM
Previous filing
Apr 29, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABTX Common Stock Disposed to Issuer $0 -387 -0.56% $0.00 68.8K Sep 29, 2022 Direct F1, F2
transaction ABTX Common Stock Disposed to Issuer $0 -68.8K -100% $0.00* 0 Oct 1, 2022 Direct F1, F2
transaction ABTX Common Stock Disposed to Issuer $0 -66.7K -100% $0.00* 0 Oct 1, 2022 By Laura Hobby Beckworth 1999 WPH Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John Beckworth is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On October 1, 2022, pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 5, 2021, by and between CBTX, Inc. ("CBTX") and Allegiance Bancshares, Inc. ("Allegiance"), Allegiance merged with and into CBTX, with CBTX as the surviving corporation (the "Merger"). In connection with the Merger, each outstanding share of Allegiance common stock (including vested restricted stock awards), subject to certain limited exceptions, was converted into the right to receive 1.4184 shares of CBTX common stock (the "exchange ratio"), with cash payable in lieu of any fractional share. In accordance with the reporting person's restricted stock award agreement, in connection with the Merger, 387 shares of restricted stock were forfeited as of the day prior to the closing date and the reporting person's remaining shares of restricted stock vested.
F2 In connection with the Merger, the reporting person received CBTX common stock in exchange for all of the reporting person's shares of Allegiance common stock (including the foregoing vested restricted stock awards), with cash received in lieu of a fractional share, in each case without interest.