Form 4: Bogota Financial Corp. Director Masterson Increases Stake with Recent Stock Purchases

Director John J. Masterson of Bogota Financial Corp. [BSBK] has increased his holdings through a series of stock purchases in late February 2024.

Summary

• John J. Masterson, a director of Bogota Financial Corp. [BSBK], has reported changes in his beneficial ownership of the company's common stock.
• On February 27, 2024, Masterson purchased 3,078 shares at a price of $7.8 per share.
• On February 28, 2024, he acquired an additional 2,075 shares at $7.8 per share.
• A further purchase of 2,900 shares was made on February 29, 2024, at $7.79 per share.
• Following these transactions, Masterson's total direct holdings amount to 162,324 shares of common stock, inclusive of restricted stock that vests at 20% per year starting September 2, 2022.
• Masterson also holds 32,235 stock options, vesting at a rate of 20% per year commencing on September 2, 2022, with an exercise price of $10.45.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake is generally a good sign, but the filing itself is a routine disclosure.

Positives

• A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Monitoring these filings can offer insights into management's sentiment and potential future performance.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal.

Key Dates