Form 4: Bogota Financial Corp. Director Masterson Acquires Additional Shares

Director John J. Masterson of Bogota Financial Corp. (BSBK) purchased 208 shares of common stock at $6.78 per share on May 28, 2024.

Summary

• On May 28, 2024, John J. Masterson, a director of Bogota Financial Corp. (BSBK), acquired 208 shares of common stock at a price of $6.78 per share.
• Following this transaction, Masterson directly owns 173,984 shares of Bogota Financial Corp.
• Masterson also holds options for 32,235 shares of common stock with an exercise price of $10.45, vesting at a rate of 20% per year commencing on September 2, 2022.
• The filing indicates that Masterson's holdings include restricted stock that vests at a rate of 20% per year starting September 2, 2022.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director's stock purchase, which could be seen as a positive signal, but without further context, it's difficult to gauge the overall impact.

Positives

• The director'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 when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates