Form 4: Quaint Oak Bancorp Director James Clarke Reports Stock Purchase

Director James Clarke of Quaint Oak Bancorp, Inc. reports the acquisition of 400 shares of common stock at $10.30 per share on August 29, 2024.

Summary

• On August 29, 2024, James Clarke, a director of Quaint Oak Bancorp, Inc., purchased 400 shares of common stock at a price of $10.30 per share.
• Following this transaction, Clarke directly owns 69,040 shares of Quaint Oak Bancorp, Inc.
• These holdings include 800 unvested shares granted under the Issuer's 2023 Stock Incentive Plan, which vest ratably over five years starting May 10, 2024.
• The holdings also include 33,700 shares held jointly with Clarke's spouse.
• Clarke also holds options to buy 5,100 shares of common stock at exercise prices of $13.30 and $18.
• A power of attorney was executed on July 10, 2024, granting the Company's officers authority to file Forms 3, 4, and 5 on Clarke's behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock purchase by a director, which could be interpreted as a positive signal, but it's not definitively bullish.

Positives

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates