NSTS Bancorp, Inc.: director Thomas J Kneesel sold 29,200 shares

What happened The filing reports that Thomas J Kneesel, a director, had two dispositions on Oct 1, 2026: a sale of 29,200 common shares at $14.31 per share for $417,852, and a disposition of 23,000 derivative shares related to an equity award/option conversion.

Key details

• Transaction date(s) and price(s): Oct 1, 2026 — 29,200 shares sold at $14.31 per share for $417,852; 23,000 derivative shares disposed with price listed as N/A (derivative).
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 states each outstanding common share was converted into the right to receive $14.31 in cash under the merger agreement dated May 12, 2026. F2 states the option (vesting over five years beginning Jun 15, 2024) was cancelled in the merger and converted into a cash amount equal to (number of underlying shares) × (excess of $14.31 over the option exercise price).
• Filing date and timeliness: Form 4 was filed on Oct 2, 2026; the document does not indicate a late filing.

Why it may matter

• The transactions were effectuated in connection with a change of control/merger: common shares were converted into a cash payment of $14.31 per share, and an outstanding option was cancelled and cash-settled based on the merger consideration. A filing does not show why the insider traded or why the company acted.