David H. Stafford - Aug 25, 2022 Form 4 Insider Report for Oconee Federal Financial Corp. (OFED)

Role: EVP and COO
Signature: /s/ Edward Quint, pursuant to Power of Attorney
Stock symbol: OFED
Transactions as of: Aug 25, 2022
Transactions value $: $13
Form type: 4
Date filed: 8/26/2022, 02:42 PM
Previous filing: Jun 23, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OFED	Common Stock	Options Exercise	$116K	+6K	+100%	$19.40	12K	Aug 25, 2022	Direct	F1, F2
transaction	OFED	Common Stock	Tax liability	-$116K	-4.46K	-37.18%	$26.09	7.54K	Aug 25, 2022	Direct	F1, F2
holding	OFED	Common Stock						4.54K	Aug 25, 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	OFED	Stock Options	Options Exercise	$0	-6K	-85.71%	$0.00	1K	Aug 25, 2022	Common Stock	6K	$19.40	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Includes shares of restricted stock which vest ratably for seven years commencing on February 5, 2017.
F2	Includes shares of restricted stock vest at a rate of 20% per year commencing on June 21, 2022.
F3	Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F4	Stock Options vest ratably for seven years commencing on February 5, 2017.