CLARKE JAMES J 4

What Happened James J. Clarke, a director of Quaint Oak Bancorp, exercised stock options on April 21, 2026, acquiring 100 shares at a $13.30 strike price for $1,330. The same filing also reports a related derivative conversion/disposition of 100 shares with $0 reported value (both entries coded M for option exercise/conversion). No sale of the newly acquired shares is reported in this Form 4.

Key Details

• Transaction date: April 21, 2026; Form 4 filed April 22, 2026 (filed next day—timely).
• Acquired: 100 shares via exercise at $13.30 per share; total cash paid $1,330.
• Reported disposition/conversion: 100 shares as a derivative conversion at $0 reported value (also coded M).
• Shares owned/beneficially: filing references 35,950 shares held jointly with spouse and 600 shares under the issuer’s 2023 Stock Incentive Plan (see footnote); the filing does not state a single consolidated “shares owned after” total.
• Footnotes of note:
  • F1: 600 shares are the unvested portion of a 1,000-share 2023 grant (vesting began May 10, 2024); 35,950 shares reflect joint holdings with spouse and include a 600-share transfer since the last Form 4.
  • F2: Certain earlier options vested fully as of May 9, 2023 (20% per year schedule starting 2019).
  • F3: Some options vest at 20% per year beginning May 10, 2024.
• No indication of a 10b5-1 plan, gift, or tax-withholding sale in this filing.

Context

• This was an option exercise (derivative conversion). The filing does not show an immediate sale of the exercised shares (i.e., not a cashless exercise followed by a disposition).
• The cash outlay and reported value are small ($1,330), so this is a routine insider exercise rather than a large-dollar buy or sell that would more strongly signal sentiment.