Key facts
- This page summarizes Martin S. Friedman's Form 4 filing for OLD POINT FINANCIAL CORP (OPOF).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 27 Jun 2022, 14:21.
Martin S. Friedman - 23 Jun 2022 Form 4 Insider Report for OLD POINT FINANCIAL CORP (OPOF)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- OPOF
- Reported as of
- 23 Jun 2022
- Net transaction value
- -$372,000
- SEC form
- 4
- Accepted by SEC
- 27 Jun 2022, 14:21:28 UTC
- Prior SEC filing
- 05 May 2022
- Next SEC filing
- 01 Nov 2022
- Source filing
- View source filing
- Reporting owner signature
- Martin S. Friedman
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Martin S. Friedman filed Form 4 for OLD POINT FINANCIAL CORP (OPOF) on 27 Jun 2022.
Change
- Previous filing in this sequence was filed on 05 May 2022.
- Current net transaction value: -$372,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OPOF
transaction
Common Stock
Sale
- Transaction value
- $372,000
- Shares
- -15,000
- Change %
- -2.9%
- Price
- $24.80
- Shares after
- 497,121
- Date
- 23 Jun 2022
- Ownership
- See footnote
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Martin S. Friedman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
FJ Capital Management LLC ("FJ Capital") is an investment adviser to a separately managed account ("SMA"). On June 22, 2022, the SMA notified FJ Capital to redeem the SMA. As a result of the SMA's redemption,15,000 shares of the issuer held by the SMA were sold.
Footnote F2
Martin S. Friedman (the "Reporting Person") is the managing member of FJ Capital, which is the managing member of Financial Opportunity Fund LLC ("FOF"), Financial Hybrid Opportunity Fund LLC ("FHOF"), and Financial Hybrid Opportunity SPV 1 LLC ("HSPV") (FOF, FHOF and HSPV, collectively, the "Funds") each of which beneficially owns shares of the common stock of the issuer (the "Shares"). FOF holds 308,627 Shares, FHOF holds 76,173 Shares, and HSPV holds 112,321 Shares.
Footnote F3
The Reporting Person, in his capacity as Managing Member of FJ Capital, has voting and dispositive power over the Shares held by the Funds and the SMA. Mr. Friedman disclaims beneficial ownership of the Shares reported herein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
SEC remarks
As previously reported on Form 3, the Reporting Person became subject to Section 16 obligations when it learned that the issuer had repurchased Shares causing the Reporting Person's ownership of the then issued and outstanding Shares to exceed ten percent (10%).