WICKER DANIEL C
C/O TECTONIC FINANCIAL, INC.
16200 DALLAS PARKWAY, SUITE 190
DALLAS, TX 75248
||received in exchange for 215,100 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 common unit of tectonic holdings was converted into the right to receive one share of the issuer's common stock.
||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.
||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.