Steven Gregory Kidd - Apr 8, 2022 Form 4 Insider Report for Spirit of Texas Bancshares, Inc. (STXB)

Role
Director, 10%+ Owner
Signature
/s/ By Michael L. Durham as Attorney-in-Fact for Steven Gregory Kidd
Stock symbol
STXB
Transactions as of
Apr 8, 2022
Transactions value $
$0
Form type
4
Date filed
4/11/2022, 06:07 PM
Previous filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STXB Common Stock Disposed to Issuer -519K -100% 0 Apr 8, 2022 Direct F1
transaction STXB Common Stock Disposed to Issuer -274K -100% 0 Apr 8, 2022 By trust F1, F2
transaction STXB Common Stock Disposed to Issuer -1.06M -100% 0 Apr 8, 2022 By trust F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Steven Gregory Kidd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of in connection the Agreement and Plan of Merger, dated November 18, 2021 (the "Merger Agreement"), by and between Simmons First National Corporation ("Simmons") and Spirit of Texas Bancshares, Inc. ("Issuer"), pursuant to which the Issuer was merged with and into Simmons, with Simmons surviving (the "Merger"). Pursuant to the Merger, each issued and outstanding shares of Issuer common stock and restricted stock units were converted into the right to receive 1.0016722 shares of Simmons common stock. The closing price of Simmons common stock on April 8, 2022, the effective date of the Merger, was $25.44. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Issuer common stock.
F2 Shares held by The Greg Kidd SOTB Inheritance Trust, for which Mr. Kidd serves as trustee.
F3 Shares held by The Greg Kidd 2010 SOTB Trust, for which Mr. Kidd serves as trustee.