City First Enterprises Inc. - 01 Apr 2021 Form 4 Insider Report for BROADWAY FINANCIAL CORP \DE\ (BYFC)

Role
10%+ Owner
Signature
Oswaldo Acosta
Issuer symbol
BYFC
Transactions as of
01 Apr 2021
Net transactions value
+$15,363,588
Form type
4
Filing time
19 Aug 2021, 12:11:06 UTC

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BYFC Class A Common Stock Award $15,363,588 +6,622,236 $2.32 6,622,236 01 Apr 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Remarks:

Received in exchange for 486,000 shares of CFBanc Corporation Class A common stock in merger of CFB into Broadway Financial Corporation. The closing price of the Class A Common Stock on the merger date was $2.32 per share. There was no public trading market for CFB common stock. Oswaldo Acosta is President and CEO of City First Enterprises, Inc. City First Enterprises is the owner of the BYFC Stock.