Clapp Steven B 4
4 · Tectonic Financial, Inc. · Filed May 15, 2019
Insider Transaction Report
Form 4
Clapp Steven B
Director
Transactions
- Award
Common Stock
2019-05-13+102,550→ 205,100 total - Award
Common Stock
2019-05-13+2,500→ 5,000 total(indirect: By individual retirement account) - Award
Common Stock
2019-05-13+2,500→ 5,000 total(indirect: By Spouse)
Footnotes (3)
- [F1]Received in exchange for 205,100 common units of Tectonic Holdings, LLC ("Tectonic Holdings") in connection with the merger of Tectonic Holdings with and into the Issuer, with the Issuer continuing as the surviving company (the "Merger"). At the effective time of the Merger, each common unit of Tectonic Holdings was converted into the right to receive one share of the Issuer's common stock.
- [F2]Immediately following, and in connection with, the Merger, the Issuer effected a 1-for-2 reverse stock split of the outstanding shares of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
- [F3]Received in exchange for 5,000 common units of Tectonic Holdings in connection with the Merger.