Form 4: Affinity Bancshares CFO Sells Shares for Tax Obligations

Affinity Bancshares, Inc.'s SVP and Chief Financial Officer, Brandi C. Pajot, disposed of 275 shares of common stock to cover tax withholding obligations.

Summary

• Brandi C. Pajot, SVP Chief Financial Officer of Affinity Bancshares, Inc. (AFBI), reported a transaction on July 28, 2025.
• Pajot disposed of 275 shares of common stock at a price of $19.37 per share.
• The disposition was coded 'F', indicating it was made to the issuer to satisfy tax withholding obligations.
• Following this transaction, Pajot directly beneficially owns 21,689 shares of common stock.
• Additionally, Pajot indirectly owns 2,857 shares of common stock through an ESOP (Employee Stock Ownership Plan).
• The direct holdings include restricted stock vesting at a rate of 20% per year commencing on July 28, 2023, March 21, 2024, and November 16, 2024.
• Pajot also holds several tranches of stock options: 13,602 fully vested options at an exercise price of $7.77, 10,000 options vesting 20% annually from July 1, 2023, at $14.85, 10,000 options vesting 20% annually from March 21, 2024, at $14.40, and 10,000 options vesting 20% annually from November 16, 2024, at $14.49.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it's an insider sale, the 'F' transaction code indicates it was for tax withholding, which is a non-discretionary event and not typically a negative signal about company prospects. The CFO retains substantial equity and option holdings.

Positives

• The disposition of shares was for tax withholding obligations, which is a common and often mandatory event for equity compensation, rather than a discretionary sale indicating a lack of confidence.
• The Chief Financial Officer retains significant direct and indirect beneficial ownership of common stock (21,689 direct, 2,857 indirect), demonstrating continued alignment with shareholder interests.
• Substantial stock option holdings (totaling 43,602 shares) and restricted stock indicate long-term incentives and commitment to the company's performance.

Negatives

• A disposition of shares by a key executive, even for tax purposes, reduces their direct equity stake in the company.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details an individual insider transaction, which is a routine disclosure for publicly traded companies. It does not provide information on broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The disposition of a small number of shares for tax purposes by a key executive is unlikely to have a significant impact on shareholder sentiment or the company's stock price. The executive's continued substantial holdings suggest ongoing alignment of interests.

Key Dates

Keywords

Affinity Bancshares, AFBI, Form 4, Insider Transaction, Stock Sale, CFO, Equity Compensation, Tax Withholding, Stock Options, Restricted Stock, Beneficial Ownership