SEC Info - Howard Patrick J - ‘4’ for 5/13/19 re: Tectonic Financial, Inc.

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<issuerName> Tectonic Financial, Inc. </issuerName>

<issuerTradingSymbol> TECTP </issuerTradingSymbol>

</issuer>

<rptOwnerName> HOWARD PATRICK J </rptOwnerName>

</reportingOwnerId>

<rptOwnerStreet1> C/O TECTONIC FINANCIAL, INC. </rptOwnerStreet1>

<rptOwnerStreet2> 16200 DALLAS PARKWAY, SUITE 190 </rptOwnerStreet2>

<rptOwnerCity> DALLAS </rptOwnerCity>

</reportingOwnerAddress>

<officerTitle> President & COO </officerTitle>

</reportingOwnerRelationship>

</reportingOwner>

<value> Series B Preferred Stock </value>

</securityTitle>

</transactionDate>

</transactionCoding>

</transactionTimeliness>

</transactionShares>

</transactionPricePerShare>

</transactionAcquiredDisposedCode>

</transactionAmounts>

</sharesOwnedFollowingTransaction>

</postTransactionAmounts>

</directOrIndirectOwnership>

</ownershipNature>

</nonDerivativeTransaction>

</nonDerivativeTable>

<value> Stock Options (right to buy) </value>

</securityTitle>

</conversionOrExercisePrice>

</transactionDate>

</transactionCoding>

</transactionTimeliness>

</transactionShares>

</transactionPricePerShare>

</transactionAcquiredDisposedCode>

</transactionAmounts>

</exerciseDate>

</expirationDate>

<value> Common Stock </value>

</underlyingSecurityTitle>

</underlyingSecurityShares>

</underlyingSecurity>

</sharesOwnedFollowingTransaction>

</postTransactionAmounts>

</directOrIndirectOwnership>

</ownershipNature>

</derivativeTransaction>

<value> Stock Options (right to buy) </value>

</securityTitle>

</conversionOrExercisePrice>

</transactionDate>

</transactionCoding>

</transactionTimeliness>

</transactionShares>

</transactionPricePerShare>

</transactionAcquiredDisposedCode>

</transactionAmounts>

</exerciseDate>

</expirationDate>

<value> Common Stock </value>

</underlyingSecurityTitle>

</underlyingSecurityShares>

</underlyingSecurity>

</sharesOwnedFollowingTransaction>

</postTransactionAmounts>

</directOrIndirectOwnership>

</ownershipNature>

</derivativeTransaction>

</derivativeTable>

<footnote id="F1"> Represents shares purchased through a directed share program in connection with the initial public offering of the Issuer's 9.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (the "Series B preferred stock"), which closed on May 14, 2019. These shares of Series B preferred stock were purchased at the public offering price of $10.00 per share. </footnote>

<footnote id="F2"> Received in exchange for options to purchase 50,000 common 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 surviving company (the "Merger"). At the effective time of the Merger, each option to purchase one common unit of Tectonic Holdings was converted into an option to purchase one share of the Issuer's common stock. </footnote>

<footnote id="F3"> 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. </footnote>

<footnote id="F4"> 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. </footnote>

<footnote id="F5"> 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. </footnote>

<footnote id="F6"> Prior to the Merger and Reverse Stock Split and subject to vesting, the Reporting Person held options to purchase 50,000 common units of Tectonic Holdings at an exercise price of $3.55 ("3yr Tectonic Holdings Options") and options to purchase 50,000 shares of the Issuer's common stock at an exercise price of $2.15 ("3yr Tectonic Financial Options"), all such 3yr Tectonic Holdings Options and 3yr Tectonic Financial Options having the same exercisable date and expiration date. As a result of the Merger and Reverse Stock Split, the 3yr Tectonic Holding Options were converted into options to purchase 25,000 shares of the Issuer's common stock at an exercise price of $5.70, which is the sum of the exercise prices of the 3yr Tectonic Holdings Options and the 3yr Tectonic Financial Options. Additionally, as a result of the Merger and Reverse Stock Split, the 3yr Tectonic Financial Options became exercisable for 25,000 shares of the Issuer's common stock at an exercise price of $5.70. </footnote>

<footnote id="F7"> Prior to the Merger and Reverse Stock Split and subject to vesting, the Reporting Person held options to purchase 50,000 common units of Tectonic Holdings at an exercise price of $3.55 ("4yr Tectonic Holdings Options") and options to purchase 50,000 shares of the Issuer's common stock at an exercise price of $2.15 ("4yr Tectonic Financial Options"), all such 4yr Tectonic Holdings Options and 4yr Tectonic Financial Options having the same exercisable date and expiration date. As a result of the Merger and Reverse Stock Split, the 4yr Tectonic Holding Options were converted into options to purchase 25,000 shares of the Issuer's common stock at an exercise price of $5.70, which is the sum of the exercise prices of the 4yr Tectonic Holdings Options and the 4yr Tectonic Financial Options. Additionally, as a result of the Merger and Reverse Stock Split, the 4yr Tectonic Financial Options became exercisable for 25,000 shares of the Issuer's common stock at an exercise price of $5.70. </footnote>

</footnotes>

<signatureName> By Ken Bramlage as Attorney-in-Fact for Patrick J. Howard </signatureName>

</ownerSignature>

</ownershipDocument>

Howard Patrick J – ‘4’ for 5/13/19 re: Tectonic Financial, Inc.

On: Wednesday, 5/15/19, at 7:47pm ET · For: 5/13/19 · Accession #: 1766526-19-17 · File #: 1-38910

Previous ‘4’: ‘4’ on 11/2/15 for 10/29/15 · Next & Latest: ‘4’ on 11/12/20 for 9/30/20

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

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Howard Patrick J – ‘4’ for 5/13/19 re: Tectonic Financial, Inc.

On: Wednesday, 5/15/19, at 7:47pm ET · For: 5/13/19 · Accession #: 1766526-19-17 · File #: 1-38910

Previous ‘4’: ‘4’ on 11/2/15 for 10/29/15 · Next & Latest: ‘4’ on 11/12/20 for 9/30/20

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents