Form 4: Quaint Oak Bancorp President Reports Stock Transactions

William R. Gonzalez, President of Quaint Oak Bancorp, reports disposition of shares to cover tax obligations and holdings in 401(k) and ESOP plans.

Summary

• William R. Gonzalez, President of Quaint Oak Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On May 10, 2025, Gonzalez disposed of 304 shares of common stock at $10.2675 per share to cover tax obligations related to a stock benefit plan distribution.
• Following the transaction, Gonzalez directly owns 14,358 shares of common stock, including 2,700 unvested shares granted under the 2023 Stock Incentive Plan.
• Gonzalez also indirectly owns 15,860 shares through the company's 401(k) plan and 13,449.027 shares through ESOP accounts (including spouse's).
• Gonzalez holds options to buy 11,220 shares at $13.30 (fully vested) and 15,000 shares at $18 (vesting at 20% per year since May 10, 2024).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to tax obligations and employee benefit plans. There's no indication of significant positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of executives and directors, which can provide insights into their perspective on the company's performance and future prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Options, ESOP, 401(k), QNTO, Quaint Oak Bancorp, Gonzalez, Stock Incentive Plan