J. Adam Sothen - 30 Nov 2023 Form 4 Insider Report for PARTNERS BANCORP

Reporting relationship: Chief Financial Officer
Issuer ticker: N/A
Reported as of: 30 Nov 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 01 Dec 2023, 16:41:33 UTC
Source filing: View source filing
Reporting owner signature: /s/ J. Adam Sothen

Key filing fact

J. Adam Sothen filed Form 4 for PARTNERS BANCORP on 01 Dec 2023.

Key facts

This page summarizes J. Adam Sothen's Form 4 filing for PARTNERS BANCORP.
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 01 Dec 2023, 16:41.

Change

No earlier filing in this sequence is available for direct comparison.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PTRS transaction Derivative

Stock Option (right to buy)

Disposed to Issuer

Transaction value
Shares: -25,768
Change %: -100%
Price
Shares after: 0
Date: 30 Nov 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,768
Exercise price: $7.72
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

J. Adam Sothen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 22, 2023, by and between LINKBANCORP, Inc. ("LINK") and Partners Bancorp ("Partners"), at the Effective Time (as defined in the Merger Agreement), this option ceased to represent an option to purchase shares of Partners common stock and converted into an option to purchase 29,633 shares of LINK common stock at an exercise price of $6.72 per share, pursuant to the terms of the Merger Agreement and the applicable award agreement.