David J. Nasca - 30 Apr 2025 Form 4 Insider Report for EVANS BANCORP INC (EVBN)

Reporting relationship: President & CEO, Director
Issuer ticker: EVBN
Reported as of: 30 Apr 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 May 2025, 17:07:15 UTC
Prior SEC filing: 23 Apr 2025
Next SEC filing: 22 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Jessica L. Brosius, Attorney in fact for David J. Nasca

Key filing fact

David J. Nasca filed Form 4 for EVANS BANCORP INC (EVBN) on 02 May 2025.

Key facts

This page summarizes David J. Nasca's Form 4 filing for EVANS BANCORP INC (EVBN).
7 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 02 May 2025, 17:07.

Change

Previous filing in this sequence was filed on 23 Apr 2025.
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

Reporting Owners (1)

CIK 0001237044 Primary reporting owner

NASCA DAVID J

Relationship: President & CEO, Director
Address: 6460 MAIN STREET, WILLIAMSVILLE
Signature: /s/ Jessica L. Brosius, Attorney in fact for David J. Nasca
Signature date: 02 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EVBN transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -115,231
Change %: -100%
Price
Shares after: 0
Date: 02 May 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

EVBN transaction Derivative

Stock Options

Disposed to Issuer

Transaction value
Shares: -2,692
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,692
Exercise price: $25.00
Footnotes: F2, F3

EVBN transaction Derivative

Stock Options

Disposed to Issuer

Transaction value
Shares: -1,909
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,909
Exercise price: $39.50
Footnotes: F2, F4

EVBN transaction Derivative

Stock Options

Disposed to Issuer

Transaction value
Shares: -4,520
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,520
Exercise price: $45.20
Footnotes: F2, F4

EVBN transaction Derivative

Stock Options

Disposed to Issuer

Transaction value
Shares: -3,376
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,376
Exercise price: $36.12
Footnotes: F2, F3

EVBN transaction Derivative

Stock Options

Disposed to Issuer

Transaction value
Shares: -6,961
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,961
Exercise price: $25.51
Footnotes: F3, F5

EVBN transaction Derivative

Stock Options

Disposed to Issuer

Transaction value
Shares: -3,821
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,821
Exercise price: $39.06
Footnotes: F4, F6

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 6 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated as of September 9, 2024 (the "Merger Agreement"), between the Issuer and NBT Bancorp, Inc., each issued and outstanding share of Issuer common stock was converted into the right to receive 0.91 shares of NBT Bancorp, Inc. common stock (subject to the payment of cash in lieu of fractional shares).

Footnote F2

The options were fully vested and exercisable.

Footnote F3

In accordance with the Merger Agreement, each option to acquire common stock of the Issuer that is outstanding immediately prior to the effective time of the merger (whether vested or unvested), was cancelled and converted into the right to receive a cash payment, less applicable taxes and other withholdings, equal to the difference between the exercise price of the option and the per share consideration price ($38.59), multiplied by the number of shares subject to such option.

Footnote F4

In accordance with the Merger Agreement, each option to acquire common stock of the Issuer that is outstanding immediately prior to the effective time of the merger (whether vested or unvested), that had a per share exercise price equal to or greater than the per share consideration price ($38.59) was cancelled for no consideration.

Footnote F5

Stock options vest at a rate of 20% per year commencing on November 17, 2021.

Footnote F6

Stock options vest at a rate of 25% per year commencing on November 16, 2022.