Form 4: Bogota Financial Corp. Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
Robert C. Walsh, Executive Vice President of Bogota Financial Corp., reports the acquisition and disposal of common stock.
Summary
- Robert C. Walsh, an Executive Vice President at Bogota Financial Corp. (BSBK), filed a Form 4 detailing changes in beneficial ownership.
- On April 9, 2024, Walsh acquired 250 shares of common stock at a price of $6.84 per share.
- Walsh also reported indirect ownership of 3,540 shares through an ESOP and 1,263 shares through a 401(k).
- The filing also notes stock options for 7,500 shares of common stock, vesting at 20% per year starting September 2, 2022, with an exercise price of $10.45.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The filing provides shareholders with information about the trading activities of a company executive, which can be used to assess management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 09/02/2022 | Stock options vest at a rate of 20% per year commencing on this date. |
| 04/09/2024 | Date of common stock transaction (purchase of 250 shares). |
| 04/10/2024 | Date of Form 4 filing. |
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