Nelson Clark 4

What Happened

• Nelson Clark, EVP and Chief Credit Officer of Affinity Bancshares (AFBI), had 440 shares disposed on July 1, 2026 as a payment for tax liability (transaction code F). The shares were recorded at $22.60 each, for a total value of $9,944. This was a withholding/surrender to cover taxes rather than an open-market sale.

Key Details

• Transaction date and price: 2026-07-01 — 440 shares at $22.60 each (total $9,944).
• Transaction type: Code F — payment of exercise price or tax liability (share withholding to satisfy tax obligations).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Report filed 2026-07-02 for the 2026-07-01 transaction (filed the day after the transaction).
• Relevant footnotes included in the filing:
  • F1/F2: Certain restricted stock grants vest over time (20%/yr from 7/1/2023; 33%/yr from 11/16/2024).
  • F3: Indicates a transaction not required to be reported under Section 16 in some cases.
  • F4–F7: Notes on stock option vesting (some options fully vested; others vest over multi-year schedules).
  • These footnotes provide context on award vesting and option status referenced elsewhere in the Form 4.

Context

• This was a tax-withholding disposition (common when restricted stock vests or options are exercised) and generally reflects routine tax compliance rather than an investment decision. The filing does not indicate an open-market sale or a 10% owner transfer.