Miguel A. Capriles L. - 21 Dec 2021 Form 4 Insider Report for Amerant Bancorp Inc. (AMTB)

Role: Director
Signature: /s/ Julio V. Pena as Attorney-in-Fact for Miguel A. Capriles L.
Issuer symbol: AMTB
Transactions as of: 21 Dec 2021
Net transactions value: -$109,611
Form type: 4
Filing time: 23 Dec 2021, 15:36:56 UTC
Previous filing: 10 Jun 2021
Next filing: 10 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMTB	Class B Common Stock	Other	$0	-472,768	-100%	$0.000000^*	0	18 Nov 2021	See footnote	F1, F2
transaction	AMTB	Class A Common Stock	Other	$0	+449,129	+78%	$0.000000	1,025,826	18 Nov 2021	See footnote	F1, F2
transaction	AMTB	Class A Common Stock	Options Exercise	$0	+3,205		$0.000000	3,205	21 Dec 2021	Direct
transaction	AMTB	Class A Common Stock	Disposed to Issuer	$109,611	-3,205	-100%	$34.20	0	21 Dec 2021	Direct	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	AMTB	Restricted Stock Units	Options Exercise	$0	-3,205	-100%	$0.000000^*	0	21 Dec 2021	Class A Common Stock	3,205	$0.000000	Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	Pursuant to a merger completed by the Issuer on November 18, 2021, exempt under Rule 16b-7, each share of Class B Common Stock was automatically converted to 0.95 of a share of Class A common stock.
F2	These shares consist of shares held by certain trusts and companies under common control by and/or for the benefit of certain members of the Capriles family.
F3	The restricted stock units that vested were settled in cash based on the closing price of the Class A Common Stock on December 21, 2021.
F4	Each restricted stock unit is the economic equivalent of one share of Class A Common Stock.
F5	On December 21, 2018, the reporting person was granted 9,615 cash-settled restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.