4//SEC Filing
MCWHORTER RICHARD J 4
Accession 0000899243-22-032764
CIK 0001781730other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 5:43 PM ET
Size
6.3 KB
Accession
0000899243-22-032764
Insider Transaction Report
Form 4
MCWHORTER RICHARD J
Chief Financial Officer
Transactions
- Purchase
Series A Convertible Non-Cumulative Preferred Stock
2022-09-30$1000.00/sh+1,000$1,000,000→ 1,000 totalExercise: $22.50From: 2022-09-30→ Common Stock (44,445 underlying)
Footnotes (2)
- [F1]The Series A Convertible Non-Cumulative Preferred Stock is convertible into (i) common stock, subject to certain regulatory and contractual caps, and thereafter, subject to such caps, (ii) Series B Convertible Perpetual Preferred Stock, and (iii) following the requisite shareholder approval, non-voting common stock. The Series A Convertible Non-Cumulative Preferred Stock is convertible into common stock and non-voting common stock at a price per share of $22.50, subject to certain anti-dilution adjustments, and is convertible into Series B Convertible Perpetual Preferred Stock at a rate of one share for one share.
- [F2]The Series A Convertible Non-Cumulative Preferred Stock is redeemable by the Issuer (i) at any time following September 30, 2027, subject to regulatory approval and provided the closing price of the common stock has achieved certain thresholds, and (ii) at any time if the Series A Convertible Non-Cumulative Preferred Stock ceases to constitute Additional Tier 1 capital.
Documents
Issuer
Third Coast Bancshares, Inc.
CIK 0001781730
Entity typeother
Related Parties
1- filerCIK 0001183220
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 5:43 PM ET
- Size
- 6.3 KB