CFSB insider: $14.25 cash-out; 14,000 options at $7.99 canceled
Rhea-AI Filing Summary
CFSB Bancorp (CFSB) insider transaction: A company officer (VP–Retail Lending) reported merger-related dispositions on 10/31/2025. Under the Hometown Financial Group merger, each CFSB share was converted into the right to receive $14.25 per share in cash.
Reported holdings reflect cash-out events tied to the merger: 6,000 shares of common stock disposed directly; 2,191 shares held via the ESOP and 12,540 shares held via the 401(k) also reflected as dispositions under the transaction mechanics. In addition, stock options with a $7.99 exercise price covering 14,000 underlying shares were canceled for cash per the merger formula, leaving 0 derivative securities owned afterward.
Positive
- None.
Negative
- None.
Insights
Form 4 shows merger cash-out at $14.25 and option cancellation.
The filing records an insider’s equity being converted to cash due to a completed merger. Common shares were exchanged for $14.25 per share, while options were canceled for cash based on the spread between $14.25 and the option exercise price.
Non-derivative positions include direct, ESOP, and 401(k) shares, all reflected as dispositions on 10/31/2025. Derivatives include options with a $7.99 exercise price on 14,000 shares, which were canceled per the merger terms.
This is administrative and does not alter operations or guidance; actual impact depends on the completed merger terms already set, with no remaining derivative holdings reported after the event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options | 14,000 | $0.00 | -- |
| Disposition | Common Stock | 6,000 | $0.00 | -- |
| Disposition | Common Stock | 2,191 | $0.00 | -- |
| Disposition | Common Stock | 12,540 | $0.00 | -- |
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger dated as of May 20, 2025, by and among Hometown Financial Group, MHC, Hometown Financial Group, Inc., Hometown Financial Acquisition Corp. II, 15 Beach, MHC and the Issuer (the "Merger Agreement"), at the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of Common Stock of the Issuer was converted automatically into the right to receive cash in an amount equal to $14.25 per share without interest (the "Merger Consideration"). Pursuant to the Merger Agreement, all unvested shares of restricted stock automatically vested in full at the Effective Time, and were considered outstanding shares of common stock entitled to receive the Merger Consideration, net of all applicable withholding taxes. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended. Pursuant to the Merger Agreement, each outstanding and unexercised option immediately prior to the Effective Time, whether vested or unvested, was cancelled in exchange for the right to receive an amount in cash equal to the product of (i) the excess, if any, of the Merger Consideration over the per share exercise price of such option, multiplied by (ii) the number of shares of Common Stock then subject to such option, net of all applicable withholding taxes.
