McDougal Thomas 4

What Happened

• McDougal Thomas, a director of Tectonic Financial, reported a disposition of 29,967 shares on February 17, 2026. The shares were disposed at $10.00 per share, for a total of $299,670.
• The Form 4 records the transaction under code “J” (other acquisition or disposition). A footnote clarifies the securities were called for redemption by the issuer — meaning this was an issuer-initiated redemption rather than an open-market sale by the insider.

Key Details

• Transaction date: 2026-02-17; Price: $10.00 per share.
• Shares disposed: 29,967; Total value: $299,670.
• Transaction code: J (Other acquisition or disposition). Footnote F1: “The reported securities were called for redemption by the issuer.”
• Filing date: 2026-02-19 (Form 4 filed within the standard reporting window).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• Redemption is a corporate action (issuer-called) and is generally different from a voluntary sale or insider cash-out; it often reflects contractual terms for certain classes of securities (e.g., redeemable/convertible instruments).
• Such issuer-initiated dispositions are typically routine and don’t necessarily indicate the director’s view of the company’s prospects.