STOCK TITAN

[Form 4] Affinity Bancshares, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 highlight: On 07/28/2025 Affinity Bancshares (AFBI) CFO Brandi C. Pajot satisfied payroll-tax obligations related to restricted-stock vesting by surrendering 275 shares at $19.37 (Transaction Code F). No open-market sale occurred.

Post-transaction holdings equal 21,689 directly owned shares and 2,857 indirect ESOP shares, signalling continued insider alignment.

The filing also restates her option inventory: 13,602 fully-vested options exercisable at $7.77 (exp. 2030) and three additional 10,000-share grants struck at $14.40–$14.85 that vest 20 % annually through 2029-2033. None were exercised or cancelled.

Because the share reduction was purely for tax withholding and total ownership remains substantial, the event is regarded as neutral for investors.

Riepilogo Form 4: Il 28/07/2025 il CFO di Affinity Bancshares (AFBI), Brandi C. Pajot, ha adempiuto agli obblighi fiscali sulle retribuzioni legate al vesting di azioni vincolate cedendo 275 azioni a 19,37 $ (Codice Transazione F). Non è avvenuta alcuna vendita sul mercato aperto.

Detiene dopo la transazione 21.689 azioni di proprietà diretta e 2.857 azioni indirette ESOP, segnalando un continuo allineamento con gli insider.

La dichiarazione aggiorna anche il suo inventario di opzioni: 13.602 opzioni pienamente maturate esercitabili a 7,77 $ (scadenza 2030) e tre ulteriori concessioni da 10.000 azioni ciascuna con prezzo di esercizio tra 14,40 e 14,85 $, che maturano il 20% annualmente dal 2029 al 2033. Nessuna è stata esercitata o annullata.

Poiché la riduzione delle azioni è stata effettuata esclusivamente per la trattenuta fiscale e la proprietà totale resta significativa, l'evento è considerato neutrale per gli investitori.

Resumen del Formulario 4: El 28/07/2025, la CFO de Affinity Bancshares (AFBI), Brandi C. Pajot, cumplió con las obligaciones fiscales relacionadas con la adquisición de acciones restringidas entregando 275 acciones a 19,37 $ (Código de Transacción F). No se realizó ninguna venta en el mercado abierto.

Tras la transacción, posee 21.689 acciones de propiedad directa y 2.857 acciones indirectas ESOP, lo que indica un alineamiento continuo con los insiders.

El informe también actualiza su inventario de opciones: 13.602 opciones totalmente adquiridas ejercitables a 7,77 $ (vencimiento 2030) y tres concesiones adicionales de 10.000 acciones con precios de ejercicio entre 14,40 y 14,85 $, que se adquieren un 20 % anualmente entre 2029 y 2033. Ninguna fue ejercida o cancelada.

Dado que la reducción de acciones fue únicamente para la retención fiscal y la propiedad total sigue siendo significativa, el evento se considera neutral para los inversores.

Form 4 요약: 2025년 7월 28일, Affinity Bancshares (AFBI)의 CFO Brandi C. Pajot는 제한 주식 권리 행사에 따른 급여세 의무를 이행하기 위해 275주를 주당 19.37달러에 양도했습니다(거래 코드 F). 공개 시장 매도는 없었습니다.

거래 후 직접 보유 주식은 21,689주, 간접 ESOP 주식은 2,857주로, 내부자와의 지속적인 이해관계 일치를 나타냅니다.

신고서에는 그녀의 옵션 잔고도 재기재되어 있습니다: 13,602개의 완전 취득 옵션(행사가 7.77달러, 만기 2030년)과 2029년부터 2033년까지 연간 20%씩 권리 취득하는 행사가 14.40~14.85달러의 추가 10,000주 옵션 3건. 이 중 행사되거나 취소된 옵션은 없습니다.

주식 감소가 세금 원천징수를 위한 것일 뿐이며 총 보유량이 여전히 상당하므로, 이 사건은 투자자에게 중립적으로 평가됩니다.

Point clé du Formulaire 4 : Le 28/07/2025, la CFO d'Affinity Bancshares (AFBI), Brandi C. Pajot, a réglé ses obligations fiscales liées à l'acquisition d'actions restreintes en cédant 275 actions à 19,37 $ (Code de transaction F). Aucune vente sur le marché ouvert n'a eu lieu.

Après la transaction, elle détient 21 689 actions en propriété directe et 2 857 actions ESOP indirectes, indiquant un alignement continu avec les initiés.

Le dépôt corrige également son inventaire d'options : 13 602 options entièrement acquises exerçables à 7,77 $ (expiration 2030) et trois attributions supplémentaires de 10 000 actions chacune, avec un prix d'exercice entre 14,40 et 14,85 $, acquises à hauteur de 20 % par an de 2029 à 2033. Aucune n'a été exercée ou annulée.

Étant donné que la réduction des actions était uniquement destinée à la retenue fiscale et que la propriété totale reste importante, cet événement est considéré comme neutre pour les investisseurs.

Formular 4 Zusammenfassung: Am 28.07.2025 erfüllte die CFO von Affinity Bancshares (AFBI), Brandi C. Pajot, ihre lohnsteuerlichen Verpflichtungen im Zusammenhang mit der Vesting von Restricted Stocks, indem sie 275 Aktien zu 19,37 $ abgab (Transaktionscode F). Kein Verkauf am offenen Markt fand statt.

Nach der Transaktion hält sie 21.689 direkt besessene Aktien und 2.857 indirekte ESOP-Aktien, was auf eine fortgesetzte Insider-Ausrichtung hinweist.

Die Einreichung stellt auch ihr Optionsportfolio neu dar: 13.602 vollständig erworbene Optionen mit Ausübungspreis von 7,77 $ (Ablauf 2030) sowie drei weitere Zuteilungen von jeweils 10.000 Aktien mit Ausübungspreisen zwischen 14,40 und 14,85 $, die jährlich zu 20 % zwischen 2029 und 2033 vesten. Keine wurden ausgeübt oder storniert.

Da die Aktienreduzierung ausschließlich zur Steuerabführung erfolgte und der Gesamtbesitz weiterhin erheblich ist, wird das Ereignis für Investoren als neutral eingestuft.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Minor tax-driven share withholding; ownership intact; neutral signal.

The 275-share forfeiture (≈1 % of Pajot’s direct stake) stems from restricted-stock vesting, not discretionary selling. Her remaining 24.5 K aggregate shares and 44 K options continue to align incentives with shareholders. Given AFBI’s average daily volume, the transaction is immaterial and should not influence valuation or liquidity.

TL;DR: Routine Section 16 filing, no governance concerns.

Code F indicates compliance with tax-withholding protocol. The transparent disclosure of vesting schedules and expiration dates meets best-practice standards. No red flags such as large discretionary sales, option repricing, or insider coordination are evident. Overall governance impact is neutral.

Riepilogo Form 4: Il 28/07/2025 il CFO di Affinity Bancshares (AFBI), Brandi C. Pajot, ha adempiuto agli obblighi fiscali sulle retribuzioni legate al vesting di azioni vincolate cedendo 275 azioni a 19,37 $ (Codice Transazione F). Non è avvenuta alcuna vendita sul mercato aperto.

Detiene dopo la transazione 21.689 azioni di proprietà diretta e 2.857 azioni indirette ESOP, segnalando un continuo allineamento con gli insider.

La dichiarazione aggiorna anche il suo inventario di opzioni: 13.602 opzioni pienamente maturate esercitabili a 7,77 $ (scadenza 2030) e tre ulteriori concessioni da 10.000 azioni ciascuna con prezzo di esercizio tra 14,40 e 14,85 $, che maturano il 20% annualmente dal 2029 al 2033. Nessuna è stata esercitata o annullata.

Poiché la riduzione delle azioni è stata effettuata esclusivamente per la trattenuta fiscale e la proprietà totale resta significativa, l'evento è considerato neutrale per gli investitori.

Resumen del Formulario 4: El 28/07/2025, la CFO de Affinity Bancshares (AFBI), Brandi C. Pajot, cumplió con las obligaciones fiscales relacionadas con la adquisición de acciones restringidas entregando 275 acciones a 19,37 $ (Código de Transacción F). No se realizó ninguna venta en el mercado abierto.

Tras la transacción, posee 21.689 acciones de propiedad directa y 2.857 acciones indirectas ESOP, lo que indica un alineamiento continuo con los insiders.

El informe también actualiza su inventario de opciones: 13.602 opciones totalmente adquiridas ejercitables a 7,77 $ (vencimiento 2030) y tres concesiones adicionales de 10.000 acciones con precios de ejercicio entre 14,40 y 14,85 $, que se adquieren un 20 % anualmente entre 2029 y 2033. Ninguna fue ejercida o cancelada.

Dado que la reducción de acciones fue únicamente para la retención fiscal y la propiedad total sigue siendo significativa, el evento se considera neutral para los inversores.

Form 4 요약: 2025년 7월 28일, Affinity Bancshares (AFBI)의 CFO Brandi C. Pajot는 제한 주식 권리 행사에 따른 급여세 의무를 이행하기 위해 275주를 주당 19.37달러에 양도했습니다(거래 코드 F). 공개 시장 매도는 없었습니다.

거래 후 직접 보유 주식은 21,689주, 간접 ESOP 주식은 2,857주로, 내부자와의 지속적인 이해관계 일치를 나타냅니다.

신고서에는 그녀의 옵션 잔고도 재기재되어 있습니다: 13,602개의 완전 취득 옵션(행사가 7.77달러, 만기 2030년)과 2029년부터 2033년까지 연간 20%씩 권리 취득하는 행사가 14.40~14.85달러의 추가 10,000주 옵션 3건. 이 중 행사되거나 취소된 옵션은 없습니다.

주식 감소가 세금 원천징수를 위한 것일 뿐이며 총 보유량이 여전히 상당하므로, 이 사건은 투자자에게 중립적으로 평가됩니다.

Point clé du Formulaire 4 : Le 28/07/2025, la CFO d'Affinity Bancshares (AFBI), Brandi C. Pajot, a réglé ses obligations fiscales liées à l'acquisition d'actions restreintes en cédant 275 actions à 19,37 $ (Code de transaction F). Aucune vente sur le marché ouvert n'a eu lieu.

Après la transaction, elle détient 21 689 actions en propriété directe et 2 857 actions ESOP indirectes, indiquant un alignement continu avec les initiés.

Le dépôt corrige également son inventaire d'options : 13 602 options entièrement acquises exerçables à 7,77 $ (expiration 2030) et trois attributions supplémentaires de 10 000 actions chacune, avec un prix d'exercice entre 14,40 et 14,85 $, acquises à hauteur de 20 % par an de 2029 à 2033. Aucune n'a été exercée ou annulée.

Étant donné que la réduction des actions était uniquement destinée à la retenue fiscale et que la propriété totale reste importante, cet événement est considéré comme neutre pour les investisseurs.

Formular 4 Zusammenfassung: Am 28.07.2025 erfüllte die CFO von Affinity Bancshares (AFBI), Brandi C. Pajot, ihre lohnsteuerlichen Verpflichtungen im Zusammenhang mit der Vesting von Restricted Stocks, indem sie 275 Aktien zu 19,37 $ abgab (Transaktionscode F). Kein Verkauf am offenen Markt fand statt.

Nach der Transaktion hält sie 21.689 direkt besessene Aktien und 2.857 indirekte ESOP-Aktien, was auf eine fortgesetzte Insider-Ausrichtung hinweist.

Die Einreichung stellt auch ihr Optionsportfolio neu dar: 13.602 vollständig erworbene Optionen mit Ausübungspreis von 7,77 $ (Ablauf 2030) sowie drei weitere Zuteilungen von jeweils 10.000 Aktien mit Ausübungspreisen zwischen 14,40 und 14,85 $, die jährlich zu 20 % zwischen 2029 und 2033 vesten. Keine wurden ausgeübt oder storniert.

Da die Aktienreduzierung ausschließlich zur Steuerabführung erfolgte und der Gesamtbesitz weiterhin erheblich ist, wird das Ereignis für Investoren als neutral eingestuft.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Pajot Brandi C

(Last) (First) (Middle)
3175 HIGHWAY 278

(Street)
COVINGTON GA 30014

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Affinity Bancshares, Inc. [ AFBI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP - Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/28/2025 F 275 D $19.37 21,689(1)(2)(3) D
Common Stock 2,857 I By ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $7.77 04/30/2021 04/30/2030 Common Stock 13,602(4) 13,602(4) D
Stock Options $14.85 07/01/2023 07/01/2032 Common Stock 10,000(5) 10,000(5) D
Stock Options $14.4 03/21/2024 03/21/2033 Common Stock 10,000(6) 10,000(6) D
Stock Options $14.49 11/16/2024 11/16/2033 Common Stock 10,000(7) 10,000(7) D
Explanation of Responses:
1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on July 28, 2023.
2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on March 21, 2024.
3. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 16, 2024.
4. Stock options vest are fully vested.
5. Stock options vest at a rate of 20% per year commencing on July 1, 2023.
6. Stock options vest at a rate of 20% per year commencing on March 21, 2024.
7. Stock options vest at a rate of 20% per year commencing on November 16, 2024.
/s/ Edward A. Quint, pursuant to power of attorney 07/30/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did AFBI’s CFO report a share disposition on Form 4?

The 275 shares were surrendered to cover taxes on vested restricted stock (Transaction Code F), not sold on the market.

How many AFBI shares does CFO Brandi Pajot now own?

She holds 21,689 shares directly and 2,857 indirectly through the company ESOP.

Were any stock options exercised in this filing?

No. The filing only lists existing option grants; no exercises or cancellations occurred.

Is the insider transaction material to AFBI investors?

Given the small size (≈$5 K) and tax-driven nature, analysts view the event as neutral.

What does Transaction Code F signify on Form 4?

Code F indicates share withholding to pay taxes upon equity award vesting or option exercise.
Affinity Bancshares Inc

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119.17M
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0.2%
Banks - Regional
Savings Institutions, Not Federally Chartered
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United States
COVINGTON