William R. Gonzalez - May 10, 2023 Form 4 Insider Report for QUAINT OAK BANCORP INC (QNTO)

Role
EVP and COO*
Signature
/s/ John J. Augustine by P.O.A. for William R. Gonzalez
Stock symbol
QNTO
Transactions as of
May 10, 2023
Transactions value $
-$5,539
Form type
4
Date filed
5/11/2023, 06:07 PM
Previous filing
Mar 10, 2023
Next filing
Aug 30, 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 Tax liability -$5.54K -306 -4.36% $18.10 6.71K May 9, 2023 Direct F1
transaction QNTO Common Stock Award $0 +4.5K +67.03% $0.00 11.2K May 10, 2023 Direct F2
holding QNTO Common Stock 11.3K May 10, 2023 By 401(k) Plan F4
holding QNTO Common Stock 11K May 10, 2023 By ESOP F3
holding QNTO Common Stock 897 May 10, 2023 By spouse through 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 Stock Option (Right to Buy) Award $0 +15K $0.00 15K May 10, 2023 Common Stock 15K $18.00 Direct F5
holding QNTO Stock Option (Right to Buy) 15K May 10, 2023 Common Stock 15K $13.30 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposition solely to meet tax obligation for distribution from stock benefit plan.
F2 Represents the grant of shares pursuant to the Issuer's 2023 Stock Incentive Plan that vest ratably over five years at 20% per year commencing on May 10, 2024.
F3 Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4. Based on a report dated March 31, 2023.
F4 Includes shares allocated to the reporting person's and spouse's ESOP accounts since the last filed Form 4.
F5 The options are vesting at a rate of 20% per year commencing on May 10, 2024.
F6 The options vested at a rate of 20% per year commencing on May 9, 2019.

Remarks:

* Executive Vice President and Chief Operating Officer of Quaint Oak Bank (Issuer subsidiary)