Issuer calls Tectonic Financial (TECTP) Series B preferred shares
Rhea-AI Filing Summary
Tectonic Financial, Inc. reported that 29,967 shares of its Series B Non-Cumulative Perpetual Preferred Stock held by director Thomas McDougal were called for redemption by the issuer at $10.00 per share on February 17, 2026, leaving him with no shares of this security.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDougal Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Series B Non-Cumulative Perpetual Preferred Stock | 29,967 | $10.00 | $300K |
Holdings After Transaction:
Series B Non-Cumulative Perpetual Preferred Stock — 0 shares (Direct)
Footnotes (1)
- F1. The reported securities were called for redemption by the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Tectonic Financial (TECTP) disclose in this Form 4 filing?
Tectonic Financial disclosed that 29,967 shares of its Series B Non-Cumulative Perpetual Preferred Stock held by director Thomas McDougal were called for redemption by the issuer at $10.00 per share on February 17, 2026.
What is the nature of the transaction in Tectonic Financial (TECTP) Form 4?
The Form 4 reports an “other acquisition or disposition” coded as J, where the issuer called the reported Series B preferred shares for redemption. This means the change in holdings resulted from the issuer’s action, not an open-market buy or sell by the director.