Robert T. Strong - Sep 14, 2023 Form 4 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
Sep 14, 2023
Transactions value $
$200,005
Form type
4
Date filed
9/15/2023, 05:25 PM
Previous filing
Sep 15, 2023
Next filing
Aug 21, 2024
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 $200K +15K +8.24% $13.30 197K Sep 14, 2023 Direct F1
holding QNTO Common Stock 22.7K Sep 14, 2023 By IRA
holding QNTO Common Stock 9.25K Sep 14, 2023 By 401(k) Plan F2
holding QNTO Common Stock 33.9K Sep 14, 2023 By ESOP

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 -50.13% $0.00 15K Sep 14, 2023 Common Stock 15K $13.30 Direct F3
holding QNTO Common Stock (Right to Buy) 15K Sep 14, 2023 Common Stock 15K $18.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 4,500 shares granted pursuant to the Issuer's 2023 Stock Incentive plan that are vesting ratably over five years at 20% per year commencing on May 10, 2024 and includes 175,895 shares held jointly with the reporting person's spouse.
F2 Includes shares acquired in the Issuer's 401(k) Plan since the last filed Form 4. Based on a report dated September 15, 2023.
F3 The options vested at a rate of 20% per year commencing on May 9, 2019.
F4 The options are vesting at a rate of 20% per year commencing on May 10, 2024.