Esquire (ESQ) Director Michael O'Rourke Receives 118,000 Shares

What Happened

• Michael G. O'Rourke, President of the Chicago Bank Division and a director of Esquire Financial Holdings (ESQ), was allocated a total of 118,000 shares of Esquire common stock on August 1, 2026. The report shows multiple grant/acquisition entries (transaction code A) reflecting conversion of Signature Bancorporation securities and related option conversions; no per-share cash price is reported (N/A). This was an acquisition via merger/award mechanics, not an open-market purchase or sale.

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 3, 2026 (within the typical 2-business-day reporting window).
• Total shares acquired: 118,000 (sum of listed awards/conversions).
• Transaction type: A = grant/award or other acquisition; several entries are derivative conversions (options converted into issuer shares/options).
• Prices/values: per-share price shown as N/A in the filing; no cash proceeds or open-market trades reported.
• Shares owned after transaction: not specified in the information provided.
• Important footnotes from the filing:
  • F1: Each Signature share was converted into the right to receive 2.671 shares of Esquire common stock; fractional shares paid in cash.
  • F2: Options were converted into options exercisable for Issuer shares equal to underlying Signature shares × 2.671; exercise price adjusted accordingly.
  • F3: Some converted stock options are fully vested.
  • F4: Other converted options vest in five equal annual installments starting May 26, 2027.

Context

• These entries reflect merger consideration and option conversions tied to the March 11, 2026 merger with Signature Bancorporation, not a market trade. For derivative entries, the filing indicates conversion/adjustment of pre-existing Signature options into Esquire options (some immediately vested, others subject to future vesting). Fractional-share cash payments and adjusted exercise prices are part of the merger mechanics.