STRONG ROBERT T 4

What Happened

• Robert T. Strong, CEO of Quaint Oak Bancorp, exercised 2,500 derivative securities (code M) on February 27, 2026, acquiring 2,500 shares at an exercise price of $13.30 per share for a cash outlay of $33,250. The filing also shows a corresponding derivative disposition of 2,500 shares at $0.00 (reported as a disposition with no proceeds), which reflects a conversion/settlement event tied to the exercise (no cash sale proceeds reported).

Key Details

• Transaction date: February 27, 2026. Form 4 filed March 3, 2026 (filing date shown on the report).
• Exercise price and value: 2,500 shares @ $13.30 = $33,250 (acquired).
• Disposition entry: 2,500 shares @ $0.00 reported as a derivative disposition (no cash proceeds shown).
• Shares owned after transaction: filing notes 206,908 shares held jointly with spouse plus additional plan awards; the footnotes list 2,700 unvested shares from a 2023 grant and 500 shares with later vesting — combined reported beneficial ownership in the filing is approximately 210,108 shares (this includes unvested awards as noted in footnote F1).
• Footnotes of interest:
  • F1: Breakout of holdings/awards including 206,908 jointly held shares, 2,700 unvested shares (portion of a 4,500 grant vesting since May 10, 2024), and 500 shares that vest beginning Sept 5, 2026.
  • F5/F4/F3: Describe various option vesting schedules (some awards vesting 20% per year from different start dates; some fully vested as of May 9, 2023).
  • F2: Based on a report dated Feb 27, 2026.
• Transaction code: M = exercise/conversion of derivative security. No transaction code indicating an open-market sale was reported.
• Timeliness: Form filed March 3, 2026 (transaction date Feb 27, 2026); the filing date is shown on the report.

Context

• This was an exercise of options (a form of purchase) rather than an open-market sale. The equal-sized $0.00 disposition entry typically reflects a conversion/settlement related to the exercise (e.g., surrender or net settlement) rather than a sale that generated cash proceeds — the filing does not report proceeds from a sale of the newly acquired shares.
• For retail investors: option exercises by executives are routine and can be for many administrative/tax reasons. The filing shows substantial joint holdings by the CEO and several unvested awards; there is no direct evidence in this filing of a cash sale for diversification or liquidity.