Quaint Oak (QNTO) President William Gonzalez Buys 489 Shares
$QNTO · QUAINT OAK BANCORP, INC.Research Summary
AI-generated summary of this SEC filing
Quaint Oak (QNTO) President William Gonzalez Buys 489 Shares
What Happened
William R. Gonzalez — President and Director of Quaint Oak Bancorp, Inc. (and President & COO of its subsidiary Quaint Oak Bank) — acquired 489 shares in an open-market purchase on August 6, 2026. The shares were bought at $14.25 per share for a total purchase value of $6,968. This was a purchase (insider buy), which investors often view as a more informative signal than routine selling.
Key Details
- Transaction date & price: August 6, 2026 — 489 shares @ $14.25/share (total $6,968).
- Transaction type: Open market purchase (code P).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Includes shares acquired in the issuer’s 401(k) Plan since the last filed Form 4 (report dated Aug 6, 2026).
- F2: References two stock grants under the 2023 Stock Incentive Plan (2,000 shares vesting ratably over five years starting Sept 5, 2026; 1,800 shares the unvested portion of a prior 4,500-share grant vesting since May 10, 2024).
- F3–F5: Describe option vesting schedules (some options fully vested as of May 9, 2023; others vesting at 20% per year commencing on specified dates).
- Filing timeliness: The Form 4 was filed on Aug 11, 2026 for an Aug 6 transaction. This appears to be later than the typical two-business-day filing window, which may reduce short-term transparency.
Context
This was a small open-market purchase (~$7k), and the filing also documents routine plan-related activity (401(k) contributions and standard option/award vesting schedules). Purchases by insiders can signal confidence but do not by themselves prove future performance; the transaction should be considered alongside other filings and company fundamentals.