Javitz Joseph T. 4

What Happened

• Joseph T. Javitz, EVP & Chief Credit Officer of ConnectOne Bancorp (CNOB), had a total of 1,649 shares withheld to satisfy tax withholding when deferred stock units vested. The transactions are reported as disposals under code F (tax withholding), not open-market sales, and the combined value of the withheld shares is about $43,151.
• Breakdown by event: 722 shares at $25.95 for $18,736 (vested 3/20/2026, grant 3/20/2023), 461 shares at $25.95 for $11,963 (vested 3/20/2026, grant 3/20/2025), and 466 shares at $26.72 for $12,452 (vested 3/23/2026, grant 3/22/2024).

Key Details

• Transaction dates and prices:
  • 2026-03-20: 722 shares @ $25.95 = $18,736 (F1)
  • 2026-03-20: 461 shares @ $25.95 = $11,963 (F2)
  • 2026-03-23: 466 shares @ $26.72 = $12,452 (F3)
• Total shares withheld: 1,649; total value ≈ $43,151.
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes:
  • F1: Withheld for taxes on deferred stock units vesting 3/20/2026 (grant dated 3/20/2023).
  • F2: Withheld for taxes on deferred stock units vesting 3/20/2026 (grant dated 3/20/2025).
  • F3: Withheld for taxes on deferred stock units vesting 3/23/2026 (first business day after 3/22/2026; grant dated 3/22/2024).
• Filing timeliness: Form 4 filed 2026-03-24. Based on the transaction dates (3/20 and 3/23), the filing appears timely (within the required two business days).

Context

• Transaction code F indicates shares were withheld by the company to cover tax obligations on vested awards — a routine administrative disposition rather than an indication of the insider actively selling shares on the market.
• For retail investors, tax-withholding disposals are common after awards vest and are not typically interpreted as a signal of insider sentiment.