Affinity Bancshares COO details small insider share withholding
Rhea-AI Filing Summary
Affinity Bancshares, Inc. (AFBI) Chief Operations Officer reported a small share transaction on a Form 4. On 11/16/2025, 192 shares of common stock were disposed of at $19.36 under code "F", indicating shares were withheld, typically to cover taxes on equity awards. After this, the officer beneficially owns 2,608 common shares directly and 2,630 shares indirectly through an ESOP. Some of the directly held shares are restricted stock that vests 20% per year starting November 16, 2024.
The officer also holds stock options on AFBI common stock with exercise prices of $7.77, $14.85, and $14.49, with expiration dates ranging from April 30, 2030 to November 16, 2033. One option grant is fully vested, while two others vest 20% per year from July 1, 2023 and November 16, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 192 | $19.36 | $4K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 16, 2024. Reflects transaction not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. Stock options are fully vested. Stock options vest at a rate of 20% per year commencing on July 1, 2023. Stock options vest at a rate of 20% per year commencing on November 16, 2024.
FAQ
What insider transaction did AFBI report on this Form 4?
The Chief Operations Officer of Affinity Bancshares, Inc. (AFBI) reported the disposition of 192 shares of common stock on 11/16/2025 at a price of $19.36 per share under transaction code "F".
What does transaction code "F" mean for the AFBI Form 4?
Code "F" indicates shares were disposed of by the issuer to satisfy tax withholding obligations related to an equity award, rather than an open-market sale.
How do the AFBI stock options vest for the reporting officer?
One AFBI stock option grant is fully vested. Another vests at 20% per year starting 07/01/2023, and a third vests at 20% per year starting 11/16/2024.
What are the vesting terms of the AFBI restricted stock held by the officer?
The restricted AFBI shares included in the officer’s direct holdings vest at a rate of 20% per year, commencing on November 16, 2024.