4//SEC Filing
Cain Darrell 4
Accession 0001766526-19-000015
CIK 0001766526other
Filed
May 14, 8:00 PM ET
Accepted
May 15, 7:07 PM ET
Size
9.7 KB
Accession
0001766526-19-000015
Insider Transaction Report
Form 4
Cain Darrell
Director
Transactions
- Award
Series A Preferred Stock
2019-05-13+80,338→ 80,338 total(indirect: See footnote) - Award
Common Stock
2019-05-13+102,550→ 205,100 total - Award
Common Stock
2019-05-13+5,000→ 10,000 total(indirect: By individual retirement account)
Footnotes (5)
- [F1]Received in exchange for 80,338 preferred units of Tectonic Holdings, LLC ("Tectonic Holdings") in connection with the merger of Tectonic Holdings with and into the Issuer, with the Issuer continuing as the survivng company (the "Merger"). At the effective time of the Merger, each preferred unit of Tectonic Holdings was converted into the right to receive one share of the Issuer's 10.0% Series A Non-Cumulative Perpetual Preferred Stock (the "Series A preferred stock"). The Series A preferred stock has a liquidation preference of $100 per share.
- [F2]These shares are held by Dental Community Financial Holdings, Ltd. ("DCFH"). The Reporting Person is the President and sole shareholder of the general partner of DCFH, but does not hold a beneficial interest in DCFH, and is not entitled to compensation from DCFH or its general partner.
- [F3]Received in exchange for 205,100 common units of Tectonic Holdings in connection with the Merger. At the effective time of the Merger, each common unit of Tectonic Holdings was converted into the right to receive one share of the Issuer's common stock.
- [F4]Immediately following, and in connection with, the Merger, the Issuer effected a 1-for-2 reverse stock split of the outstanding shares of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
- [F5]Received in exchange for 10,000 common units of Tectonic Holdings in connection with the Merger.
Documents
Issuer
Tectonic Financial, Inc.
CIK 0001766526
Entity typeother
Related Parties
1- filerCIK 0001325658
Filing Metadata
- Form type
- 4
- Filed
- May 14, 8:00 PM ET
- Accepted
- May 15, 7:07 PM ET
- Size
- 9.7 KB