Robert T. Strong - Apr 11, 2022 Form 4/A - Amendment Insider Report for QUAINT OAK BANCORP INC (QNTO)

Role: President and CEO, Director
Signature: /s/ Diane J. Colyer by P.O.A. For Robert T. Strong
Stock symbol: QNTO
Transactions as of: Apr 11, 2022
Transactions value $: $121,500
Form type: 4/A - Amendment
Date filed: 2/22/2023, 04:13 PM
Date Of Original Report: Apr 12, 2022
Next filing: Feb 22, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QNTO	Common Stock*	Options Exercise	$122K	+15K	+10.24%	$8.10	161K	Apr 11, 2022	Direct	F1
holding	QNTO	Common Stock						22.7K	Apr 11, 2022	By IRA
holding	QNTO	Common Stock						8.49K	Apr 11, 2022	By 401(k) Plan	F2
holding	QNTO	Common Stock						34K	Apr 11, 2022	By ESOP	F3

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	QNTO	Common Stock (Right to Buy)	Options Exercise	$0	-15K	-50%	$0.00	15K	Apr 11, 2022	Common Stock	15K	$8.10	Direct	F4
holding	QNTO	Common Stock (Right to Buy)						30K	Apr 11, 2022	Common Stock	30K	$13.30	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 155,439 shares held jointly with the reporting person's spouse, 4,000 shares granted pursuant to the Issuer's 2018 Stock Incentive Plan which represent the unvested portion of a grant amount originally covering 10,000 shares that commenced vesting at a rate of 20% per year on May 9, 2019, and reflects acquisition of 1,121 shares to satisfy required minimum distribution from ESOP account of the reporting person to the reporting person's joint account with his spouse since the last filed Form 4.
F2	Includes shares acquired in the Quaint Oak Bank 401(k) Plan since the last filed Form 4, based on a report dated March 22, 2022.
F3	Includes shares allocated to the reporting person's ESOP account and a required minimum distribution of 1,121 shares since the last filed Form 4.
F4	The options vested at a rate of 20% per year commencing on May 8, 2014.
F5	The options are vesting at a rate of 20% per year commencing on May 9, 2019.

Remarks:

The reporting person is amending this Form 4 solely to correct the total shares held directly following the required minimum distribution of 1,121 shares referred to in footnote 1 hereto.