Affinity Bancshares (AFBI) COO Robert Vickers Sells Shares

What Happened
Robert Vickers, Chief Operations Officer of Affinity Bancshares (AFBI), reported dispositions on 2026-08-01 tied to the company’s merger. The filing shows two reported share dispositions: 2,608 shares and 4,768 shares, which were converted into cash at $23.00 per share under the merger — totaling 7,376 shares and approximately $169,648 in cash. The filing also lists several derivative dispositions (options/other awards) that were converted as part of the merger; dollar amounts for those were not specified in the Form 4.

Key Details

• Transaction date: 2026-08-01; Form 4 filed 2026-08-06 (appears later than the usual 2-business-day filing window for Section 16 transactions unless exempt).
• Price/consideration: $23.00 per share (per Merger Agreement, Footnote F1). Total for reported shares: ~ $169,648.
• Derivative treatment: Footnote F2 says each stock option was converted into the right to receive $23.00 less the option exercise price (cash-out of options); exact counts/values not shown in the filing.
• Footnote F3 notes one transaction was not required to be reported under Section 16.
• Shares owned after the transactions: not specified in the provided filing details.

Context
These were dispositions to the issuer under an agreed merger (cash-out merger), not open-market sales. In such deals, outstanding shares and in‑the‑money options are typically converted into cash per the merger terms, which is a routine corporate action and does not by itself indicate the insider’s view on the company’s future stock performance.