Key facts
- This page summarizes Okan I. Akin's Form 4 filing for Allegiance Bancshares, Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 04 Oct 2022, 16:49.
Okan I. Akin - 01 Oct 2022 Form 4 Insider Report for Allegiance Bancshares, Inc.
- Reporting relationship
- EVP, Chief Risk Officer
- Issuer ticker
- N/A
- Reported as of
- 01 Oct 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 04 Oct 2022, 16:49:53 UTC
- Prior SEC filing
- 26 Sep 2022
- Next SEC filing
- 25 Oct 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Shanna Kuzdzal, Attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Okan I. Akin filed Form 4 for Allegiance Bancshares, Inc. on 04 Oct 2022.
Change
- Previous filing in this sequence was filed on 26 Sep 2022.
- Current net transaction value: $0.
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.
ABTX
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -25,533
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 01 Oct 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ABTX
transaction
Derivative
Employee Stock Option (right to buy)
Disposed to Issuer
- Transaction value
- Shares
- -16,875
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Oct 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 16,875
- Exercise price
- $20.00
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Okan I. Akin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote 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 restricted stock awards, which were deemed vested immediately prior to the Merger), 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 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 restricted stock awards), with cash received in lieu of a fractional share, in each case without interest.
Footnote F2
Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding option to purchase Allegiance common stock fully vested and was automatically converted into an option to purchase a number of shares of CBTX common stock equal to the number of shares of Allegiance common stock subject to such option multiplied by the exchange ratio, and having a per share exercise price equal to the per share exercise price for shares of Allegiance common stock subject to such option divided by the exchange ratio.