Affinity Bancshares (AFBI) director tenders 20,000 shares for $23 cash per share

Rhea-AI Filing Summary

Affinity Bancshares, Inc. director Shore Teak reported a disposition of 20,000 shares of common stock on August 1, 2026. Under an Agreement and Plan of Merger dated March 30, 2026, each share was converted into the right to receive $23.00 in cash, leaving Teak with 0 reported shares afterward.

Insider Trade Summary

Net Seller: 20,000 shares

Net Sell 1 txn

Insider Shore Teak

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock F1	20,000	--	--

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. Pursuant to the Agreement and Plan of Merger, dated March 30, 2026, by and among the Issuer, Affinity Bank, National Association, Fidelity BancShares (N.C.), Inc., The Fidelity Bank, and TFB Merger Subsidiary, Inc. (the "Merger Agreement"), each issued and outstanding share of Issuer common stock was converted into the right to receive $23.00 cash consideration.

Key Figures

Shares disposed: 20,000 shares Cash consideration per share: $23.00 Shares held after transaction: 0 shares +1 more

4 metrics

Shares disposed 20,000 shares Common stock disposition to issuer on August 1, 2026

Cash consideration per share $23.00 Each issued and outstanding share converted into right to receive cash

Shares held after transaction 0 shares Total Affinity Bancshares common shares reported following disposition

Transaction code D Form 4 code for Disposition to issuer of common stock

Key Terms

Agreement and Plan of Merger, cash consideration, Disposition to issuer, Rule 10b5-1

4 terms

Agreement and Plan of Merger regulatory

"Pursuant to the Agreement and Plan of Merger, dated March 30, 2026"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

cash consideration financial

"each issued and outstanding share of Issuer common stock was converted into the right to receive $23.00 cash consideration"

Cash consideration is the actual money paid to buy a company, asset, or stake rather than payment in shares or other forms. For investors it matters because cash payments deliver immediate, certain value and affect the buyer’s and seller’s cash reserves and balance sheets—like selling a car for cash versus taking a trade-in, one side gets instant spending power while the other changes its liquidity and risk profile.

Disposition to issuer regulatory

"transaction_code_description": "Disposition to issuer""

Rule 10b5-1 regulatory

"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/06/2026 - 12:45 PM Accepted by SEC EDGAR 08/06/2026 - 12:45 PM Learn about SEC filing dates

FAQ

What insider transaction did Affinity Bancshares (AFBI) report for Shore Teak?

Affinity Bancshares director Shore Teak reported disposing of 20,000 shares of common stock on August 1, 2026. The shares were surrendered to the issuer in connection with a merger that provided $23.00 cash consideration for each issued and outstanding share.

At what price were Affinity Bancshares (AFBI) shares cashed out in this merger-related Form 4?

Each issued and outstanding Affinity Bancshares common share was converted into the right to receive $23.00 in cash. This consideration applied to Shore Teak’s 20,000 shares, which were disposed of in a transaction coded as a Disposition to issuer.

How many Affinity Bancshares (AFBI) shares does Shore Teak hold after the reported transaction?

Following the merger-related disposition, Shore Teak’s reported holdings in Affinity Bancshares common stock are 0 shares. The Form 4 lists 20,000 shares disposed of and indicates total shares following the transaction as 0.0000.

What corporate event triggered the Affinity Bancshares (AFBI) insider disposition reported by Shore Teak?

The disposition arose under an Agreement and Plan of Merger dated March 30, 2026. That merger agreement converted each issued and outstanding Affinity Bancshares common share into the right to receive $23.00 in cash consideration, affecting Shore Teak’s 20,000 shares.

Was the Affinity Bancshares (AFBI) insider trade made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is marked as not checked, and there is no footnote indicating a trading plan. The transaction is described instead as a merger-related Disposition to issuer for cash consideration of $23.00 per share.

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

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shore Teak

(Last) (First) (Middle)

3175 HIGHWAY 278

(Street)

COVINGTON GEORGIA 30014

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Affinity Bancshares, Inc. [ AFBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/01/2026		D		20,000	D	(1)	0	D

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

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger, dated March 30, 2026, by and among the Issuer, Affinity Bank, National Association, Fidelity BancShares (N.C.), Inc., The Fidelity Bank, and TFB Merger Subsidiary, Inc. (the "Merger Agreement"), each issued and outstanding share of Issuer common stock was converted into the right to receive $23.00 cash consideration.

	/s/ Ned A. Quint, pursuant to power of attorney	08/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)