James G. Welch - 07 Oct 2022 Form 4 Insider Report for Randolph Bancorp, Inc. (RNDB)

Role
Director
Signature
/s/ Lauren B. Messmore
Issuer symbol
RNDB
Transactions as of
07 Oct 2022
Net transactions value
$0
Form type
4
Filing time
07 Oct 2022, 18:00:52 UTC
Previous filing
07 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNDB Common Stock Other -28,687 -100% 0 07 Oct 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RNDB Stock Options (right to buy) Other -10,302 -100% 0 07 Oct 2022 Common Stock 10,302 $14.66 Direct F2
transaction RNDB Stock Options (right to buy) Other -6,000 -100% 0 07 Oct 2022 Common Stock 6,000 $11.48 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James G. Welch is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share of Issuer common stock, whether vested and unvested, were converted into the right to receive $27.00 in cash pursuant to the Agreement and Plan of Merger by and among Hometown Financial Group, MHC, Hometown Financial Group, Inc., Hometown Financial Acquisition Corp. and the Issuer (the "Merger Agreement").
F2 Each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Issuer common stock provided for in such option and (ii) the excess, if any, of $27.00 over the exercise price per share of Issuer common stock provided for in such option, which cash payment shall be made without interest and shall be net of all applicable withholding taxes.