Affinity Bancshares (AFBI) director to receive $23 per share in merger
Rhea-AI Filing Summary
Affinity Bancshares, Inc. director Mark J. Ross reported issuer dispositions in connection with a merger. On August 1, 2026, 15,910 shares of common stock were converted into the right to receive $23.00 in cash per share. Stock options covering 5,000, 10,500 and 16,747 underlying shares were converted into the right to receive $23.00 in cash per option, less each option’s exercise price.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,910 shares
Net Sell
4 txns
Insider
Ross Mark J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options F2 | -- | -- | -- |
| Disposition | Stock Options F2 | -- | -- | -- |
| Disposition | Stock Options F2 | -- | -- | -- |
| Disposition | Common Stock F1 | 15,910 | -- | -- |
Holdings After Transaction:
Stock Options — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- 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.
- F2. Pursuant to the Merger Agreement, each stock option was converted into the right to receive $23.00 cash consideration less the exercise price of such option.
Key Figures
Common shares converted: 15,910 shares
Per-share cash consideration: $23.00
Options underlying shares (grant 1): 5,000 shares
+2 more
5 metrics
Common shares converted
15,910 shares
Shares of common stock converted to the right to receive $23.00 in cash per share on August 1, 2026
Per-share cash consideration
$23.00
Cash consideration for each share of issued and outstanding common stock under the Merger Agreement
Options underlying shares (grant 1)
5,000 shares
Stock options with a $14.4900 exercise price, expiring November 16, 2033
Options underlying shares (grant 2)
10,500 shares
Stock options with a $14.8700 exercise price, expiring May 24, 2032
Options underlying shares (grant 3)
16,747 shares
Stock options with a $11.1400 exercise price, expiring April 23, 2029
Key Terms
Agreement and Plan of Merger, cash consideration, exercise price, expiration date
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.
exercise price financial
"each stock option was converted into the right to receive $23.00 cash consideration less the exercise price of such option"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"stock options with an expiration date of 2033-11-16, 2032-05-24, and 2029-04-23"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
