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Tectonic Financial, Inc. — Director's Dealing 2019
May 13, 2019
34652_dirs_2019-05-13_2d538573-534b-4011-824b-a9cd03193fdf.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Tectonic Financial, Inc. (TECTP)
CIK: 0001766526
Period of Report: 2019-05-13
Reporting Person: HOWARD PATRICK J (Director, President & CEO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 500 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (right to buy) | $2.15 | 2027-05-15 | Common Stock (50000) | Direct | |
| Stock Options (right to buy) | $2.15 | 2027-05-15 | Common Stock (50000) | Direct |
Footnotes
F1: These shares are subject to a repurchase right by the Issuer upon (i) the retirement of the Reporting Person as a director of the Issuer's subsidiary, T Bank, N.A., (ii) notice by either party of its desire to sell or repurchase the shares, as the case may be, or (iii) the filing of a bankruptcy petition affecting the Reporting Person.
F2: These stock options vest on the earlier of the Reporting Person's termination by the Issuer without cause, a change in control or May 15, 2020.
F3: These stock options vest on the earlier of the Reporting Person's termination by the Issuer without cause, a change in control or May 15, 2021.