NSTS Bancorp, Inc.: CEO Lear Stephen G. sold 161,365 shares

What happened

• Lear Stephen G., CEO, disposed of a total of 161,365 shares on Oct 1, 2026, consisting of 62,905 shares and 8,460 shares sold at $14.31 per share for $900,171 and $121,063 respectively, plus 90,000 derivative shares disposed (amount reported as N/A).

Key details

• Transaction date: Oct 1, 2026. Filing date: Oct 2, 2026.
• Prices and values: 62,905 shares at $14.31 for $900,171; 8,460 shares at $14.31 for $121,063; 90,000 derivative shares reported as N/A.
• Transaction type/code: Dispositions in change of control (code U).
• Shares owned after the transaction: not reported in the filing.
• Footnotes from the filing:
  • F1: Pursuant to the agreement and plan of merger dated May 12, 2026, each outstanding share of common stock was converted into the right to receive $14.31 in cash at the effective time of the merger.
  • F2: An option that vested over five years was cancelled in the merger and converted into the right to receive an amount in cash equal to (i) the total number of shares underlying the option multiplied by (ii) the excess of $14.31 over the per share exercise price.

Why it may matter

• The filing shows cash payments tied to a merger conversion and a cancelled option converted into a cash payment rather than issuance of shares.
• The filing does not show why the insider traded or why the company acted.