Robert J. Phillips - Jan 16, 2025 Form 4 Insider Report for QUAINT OAK BANCORP INC (QNTO)

Role
Director
Signature
/s/ John J. Augustine as P.O.A. for Robert J. Phillips
Stock symbol
QNTO
Transactions as of
Jan 16, 2025
Transactions value $
-$10
Form type
4
Date filed
1/24/2025, 02:00 PM
Previous filing
Sep 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNTO Common Stock Sale -$10 -1 -0.07% $10.30 1.35K Jan 16, 2025 By IRA F1, F2
holding QNTO Common Stock 72.8K Jan 16, 2025 Direct F3
holding QNTO Common Stock 608 Jan 16, 2025 By Spouse in IRA

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
holding QNTO Stock Option (Right to Buy) 4.12K Jan 16, 2025 Common Stock 4.12K $13.30 Direct F4
holding QNTO Stock Option (Right to Buy) 5K Jan 16, 2025 Common Stock 5K $18.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected by a third party investment manager to pay fees on the IRA account owned by the reporting person.
F2 Includes required minimum distribution of 55 shares since the last filed Form 4.
F3 Includes 800 shares granted pursuant to the Issuer's 2023 Stock Incentive Plan which reflect the unvested portions of a grant amount originally covering 1,000 shares that commenced vesting ratably over five years at 20% per year on May 10, 2024 and includes 67,404 shares held jointly with the reporting person's spouse which reflects the acquisition of 90 shares to satisfy required minimum distribution from the IRA account of the reporting person to the reporting person's joint account with his spouse since the last filed Form 4.
F4 The options vested at a rate of 20% per year commencing on May 9, 2019.
F5 The options are vesting at a rate of 20% per year commencing on May 10, 2024.