Baird Michelle Kay 4

What Happened
Michelle Kay Baird, Chief Financial Officer of Tectonic Financial, disposed of 2,500 shares on 2026-02-17 at $10.00 per share, producing $25,000. The filing classifies the transaction as an other disposition (code J); a footnote states the securities were called for redemption by the issuer, meaning this was an issuer-initiated redemption rather than an open-market sale.

Key Details

• Transaction date: 2026-02-17; reported price: $10.00 per share; total value: $25,000.
• Transaction type/code: Other disposition (J).
• Footnote: Securities were called for redemption by the issuer.
• Shares owned after transaction: Not specified in the filing.
• Form 4 filed: 2026-02-19 — appears to have been filed within the typical 2-business-day window (timely).

Context
A redemption is an issuer action that forces or offers repurchase of securities and is not necessarily driven by the insider's trading intent; it should not be read the same as an open-market sale. For retail investors, purchases by insiders typically carry more weight as a bullish signal; issuer-initiated redemptions are largely administrative and may reflect company capital-structure activity rather than insider sentiment.