Form 4: Affinity Bancshares Executive Clark Nelson Reports Stock Transactions
SEC Form 4 Filing
EVP and CCO Clark Nelson reports disposition of shares to cover tax obligations and details holdings including stock options and restricted stock.
Summary
- Clark Nelson, EVP and CCO of Affinity Bancshares, reported a transaction on April 30, 2025.
- Nelson disposed of 597 shares of common stock at a price of $18.36 to cover tax obligations.
- Following the transaction, Nelson directly owns 24,435 shares of common stock.
- Nelson also indirectly owns 1,000 shares through an IRA and 3,938 shares through an ESOP.
- Nelson holds multiple stock option grants with varying exercise prices and vesting schedules.
- Some restricted stock holdings vest at a rate of 20% per year commencing on July 1, 2023, while others vest at 33% per year commencing on November 16, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- Shareholders gain insight into insider transactions, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/30/2021 | Date exercisable for some stock options with an exercise price of $7.77. |
| 07/01/2023 | Commencement date for 20% annual vesting of some stock options and restricted stock. |
| 03/21/2024 | Commencement date for 33% annual vesting of some stock options. |
| 11/16/2024 | Commencement date for 33% annual vesting of some stock options and restricted stock. |
| 04/30/2025 | Date of the reported transaction (disposal of shares). |
| 05/02/2025 | Date of signature on the Form 4 filing. |
| 04/30/2030 | Expiration date for some stock options with an exercise price of $7.77. |
| 07/01/2032 | Expiration date for some stock options with an exercise price of $14.85. |
| 03/21/2033 | Expiration date for some stock options with an exercise price of $14.40. |
| 11/16/2033 | Expiration date for some stock options with an exercise price of $14.49. |
Keywords
Form 4, Affinity Bancshares, Stock Options, Common Stock, Beneficial Ownership, Nelson Clark, Restricted Stock, CCO, EVP
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