NSTS Bancorp: director Thomas M Ivantic sold 28,670 shares

What happened

• Thomas M Ivantic, director, disposed of 28,670 shares in a change of control transaction at $14.31 per share on Oct 01, 2026 for $410,268. The filing also reports a disposition related to a 23,000-share option that was converted into a cash payment in the merger; the filing does not report a cash amount for that derivative disposition.

Key details

• Transaction date and price: Oct 01, 2026 — 28,670 shares sold at $14.31 for $410,268; Oct 01, 2026 — 23,000-share derivative disposition, price and cash amount reported as N/A.
• Shares owned after the transaction: not reported in the filing.
• Footnotes from the filing:
  • F1: Under 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 beginning Jun 15, 2024 was cancelled in the merger and converted into the right to receive an amount in cash equal to (number of shares underlying the option) × (the excess of $14.31 over the per share exercise price).
• Form filed on Oct 02, 2026.

Why it may matter

• The 28,670-share transaction was a change-of-control disposition for cash at $14.31 per share. The 23,000-share item was a cancelled option converted into a cash payment under the merger terms, not a market sale of shares.
• This filing does not show why the insider traded or why the company acted.