Form 4: NSTS Bancorp CFO Carissa Schoolcraft Reports Changes in Beneficial Ownership

Carissa Schoolcraft, CFO of NSTS Bancorp, reports the disposition of 1,810 shares of common stock to cover tax obligations and updates her holdings to include shares held indirectly through the company's ESOP.

Summary

• Carissa H. Schoolcraft, Chief Financial Officer of NSTS Bancorp, Inc. (NSTS), filed a Form 4 on June 26, 2024, reporting changes in her beneficial ownership of the company's common stock.
• The reported transactions include the disposition of 1,810 shares of common stock at a price of $9.61 per share on June 26, 2024.
• This disposition was likely to cover tax obligations related to vesting of stock or similar events.
• Following the reported transaction, Schoolcraft directly owns 24,190 shares of NSTS Bancorp common stock.
• Schoolcraft also indirectly owns 2,712 shares through the company's Employee Stock Ownership Plan (ESOP).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a transaction related to tax obligations and ESOP participation. There's no indication of significant positive or negative sentiment.

Positives

• The filing indicates continued participation in the company's ESOP, suggesting a long-term commitment to NSTS Bancorp's success.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it represents a small percentage of the CFO's overall holdings and appears to be related to routine tax obligations.

Key Dates