4/A: Director James J. Clarke Amends Form 4 Filing to Correct Shareholding Information in Quaint Oak Bancorp, Inc.

Sentiment:

SEC Filing


James J. Clarke, a director of Quaint Oak Bancorp, Inc., amended a previous Form 4 filing to correct the number of shares held jointly with his spouse.

Summary

  • James J. Clarke, a director of Quaint Oak Bancorp, Inc. (QNTO), filed an amended Form 4 with the SEC.
  • The amendment corrects the number of shares held jointly with the reporting person's spouse, as noted in footnote (1) of the original filing.
  • On August 29, 2024, Clarke acquired 400 shares of common stock at a price of $10.3 per share.
  • Following the reported transaction, Clarke beneficially owns 69,040 shares.
  • Clarke also holds options to buy common stock at exercise prices of $13.3 and $18.
  • The options for 100 shares at $13.3 are fully vested as of May 9, 2023.
  • The options for 5,000 shares at $18 are vesting at a rate of 20% per year commencing on May 10, 2024.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, specifically an amendment to correct a minor error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments are not uncommon and often correct minor errors or omissions in the original filings.

Key Dates

DateDescription
05/09/2023Options for 100 shares at $13.3 fully vested.
05/10/2024Vesting commences for options for 5,000 shares at $18 at a rate of 20% per year.
08/29/2024Director Clarke acquired 400 shares of common stock at $10.3 per share.
08/30/2024Date of original Form 4 filing.
02/12/2025Date of amended filing.
05/09/2028Expiration date for stock options with exercise price of $13.3.
05/10/2033Expiration date for stock options with exercise price of $18.

Keywords

Form 4, Amendment, Beneficial Ownership, Director, QNTO, Quaint Oak Bancorp, Clarke, Stock Options, Shares

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