BSBK.NASDAQBogota Financial CORP

Form 4: Bogota Financial Corp. CEO Kevin Pace Acquires Additional Shares

Sentiment:

SEC Form 4 Filing

📋All filings for Bogota Financial CORP
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Kevin Pace, President and CEO of Bogota Financial Corp., reports the acquisition of 125 shares of common stock at $7.30 per share on March 15, 2024.

Summary

  • On March 15, 2024, Kevin Pace, the President and CEO of Bogota Financial Corp., purchased 125 shares of common stock at a price of $7.30 per share.
  • Following this transaction, Pace directly owns 43,903 shares of common stock, which includes restricted stock vesting at 20% per year starting September 2, 2022.
  • Pace also indirectly owns 4,053 shares through a 401(k) and 6,698 shares through an ESOP.
  • Additionally, Pace holds options for 80,500 shares of common stock, vesting at 20% per year commencing on September 2, 2022, with an exercise price of $10.45.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider trading activity. The CEO purchasing shares could be seen as a positive signal, but it's a small amount.

Positives

  • The CEO's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies.

Stakeholder Impact

  • The CEO's stock purchase could positively influence shareholder sentiment.

Key Dates

DateDescription
09/02/2022Commencement date for vesting of restricted stock and stock options at a rate of 20% per year.
03/15/2024Date of the transaction where Kevin Pace acquired 125 shares of common stock.
03/18/2024Date of signature for the Form 4 filing.
09/02/2031Expiration date of the stock options.

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