Stephen K. Swinson - Mar 1, 2025 Form 4 Insider Report for CROSSFIRST BANKSHARES, INC. (CFB)

Role
Director
Signature
/s/ Amy Abrams, by Power of Attorney
Stock symbol
CFB
Transactions as of
Mar 1, 2025
Transactions value $
$0
Form type
4
Date filed
3/4/2025, 11:30 AM
Previous filing
May 21, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFB Common Stock Disposed to Issuer -118K -100% 0 Mar 1, 2025 Direct F1, F2
transaction CFB Series A Non-Cumulative Perpetual Preferred Stock Disposed to Issuer -200 -100% 0 Mar 1, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stephen K. Swinson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement") entered into on August 26, 2024, between Issuer and First Busey Corporation ("Busey"), each deferred share of Issuer common stock that is credited to a participant's account under the CrossFirst 2018 Directors' Deferred Fee Plan as of immediately prior to the effective time of the merger was converted into the right to receive 0.6675 shares of common stock, par value $0.001, of Busey, rounded to the nearest whole share.
F2 Disposed of pursuant to the Merger Agreement. Pursuant to the Merger Agreement, at the effective time of the merger, Issuer merged with and into Busey with Busey surviving the merger, and each share of common stock, par value $0.01 per share, of Issuer outstanding immediately prior to the effective time of the merger, other than certain excluded shares, were converted into the right to receive (a) 0.6675 shares of common stock, par value $0.001, of Busey and (b) cash in lieu of fractional shares. In connection with the merger closing, all remaining previously reported but unvested Issuer Restricted Stock Awards vested as of the closing date of the merger.
F3 Pursuant to the Merger Agreement, each issued and outstanding share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.01, of Issuer was converted into the right to receive one (1) share of Series A Non-Cumulative Perpetual Preferred Stock, par value $0.001, of Busey.