Affinity Bancshares EVP Elizabeth Galazka Sells Shares

What Happened
Elizabeth Galazka, Executive Vice President — Lending at Affinity Bancshares (AFBI), reported multiple dispositions on August 1, 2026 pursuant to the company’s merger agreement. The filing shows cash‑out conversions of 23,302; 1,100; 12,000; 18,000; and 6,975 common shares — a total of 61,377 shares — which, at the $23.00 per‑share merger consideration (see footnote), equals roughly $1,411,671 in aggregate cash. The filing also reports dispositions of derivative awards/options (reported with N/A share counts) that were converted under the same merger terms.

Key Details

• Transaction date: August 1, 2026. Form 4 filed August 6, 2026. (Form 4 is generally due within two business days; this filing was submitted five calendar days after the transaction date—may reflect the merger effective date or administrative timing.)
• Price / consideration: $23.00 per share pursuant to the Merger Agreement (footnote F1).
• Total shares disposed: 61,377 common shares → approx. $1.41 million cash.
• Derivatives: Stock options/other awards were converted to cash under the merger (footnote F2). Several derivative dispositions reported with N/A share counts/amounts.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each common share converted into $23.00 cash per the Merger Agreement; F2 — each option converted into the right to receive $23.00 less the option exercise price; F3 — some reported items reflect transactions not required to be reported under Section 16.

Context
These dispositions were not open‑market sales but cash‑out conversions under a merger agreement — a routine outcome when a company is acquired for cash. Derivative items reflect the cash settlement of options/awards rather than exercises followed by market sales. The filing is informational; it does not by itself indicate the insider’s buying or selling sentiment beyond the merger consideration.