Cooksey Gerald L. Jr. 4
4 · Reliant Bancorp, Inc. · Filed Aug 31, 2020
Insider Transaction Report
Form 4
Cooksey Gerald L. Jr.
Chief Administrative Officer
Transactions
- Purchase
Common Stock
2020-08-28$14.75/sh+1,000$14,750→ 39,293 total
Holdings
- 10,145(indirect: By First Advantage ESOP)
Common Stock
Footnotes (2)
- [F1]Since the date of the reporting person's last Reliant Bancorp, Inc. ("RBNC") common stock ownership report, 5,545 shares previously owned through the First Advantage 401(k) plan have been transferred into an Individual Retirement Account (the "IRA"). Accordingly, the transfer of shares to the IRA effected only a change in the form of beneficial ownership without changing the reporting person's pecuniary interest in such shares and is therefore exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13 promulgated thereunder.
- [F2]Pursuant to the Agreement and Plan of Merger, dated October 22, 2019, by and among RBNC, PG Merger Sub, Inc., and First Advantage Bancorp, each share held in the First Advantage Bank Employees Stock Ownership Plan (the "ESOP") was converted into the right to receive 1.17 shares of RBNC common stock and $3.00 in cash, without interest. As of the date of this Form 4, the final number of ESOP shares allocable to the reporting person are not yet available. Accordingly, set forth above is the estimate of the number of shares of RBNC common stock known to be beneficially owned by the reporting person at this time. The reporting person will report the final stock ownership numbers once they are determined. Additionally, although the ESOP has technically been terminated, the ESOP shares have not yet been transferred to a new account due to administrative processing of transfer documentation.