Form Type: 4

SEC EDGAR Link
Acccession Number:0001766526-19-000020
Date:2019-05-13
Issuer: TECTONIC FINANCIAL, INC. (TECTP)
Original Submission Date:

Reporting Person:

SHERMAN A HAAG
C/O TECTONIC FINANCIAL, INC.
16200 DALLAS PARKWAY, SUITE 190 DALLAS, TX 75248

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-05-13 A 875,500 a $0.00 1,751,000 indirect f3
COMMON STOCK 2019-05-13 A 190,250 a $0.00 380,500 indirect f5
COMMON STOCK 2019-05-13 A 9,750 a $0.00 19,500 indirect
SERIES B PREFERRED STOCK 2019-05-14 P 5,000 a $10.00 5,000 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 received in exchange for 1,751,000 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 common unit of tectonic holdings was converted into the right to receive one share of the issuer's common stock.
f2 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.
f3 these shares are held by the sherman 2018 irrevocable trust for which the reporting person serves as trustee.
f4 received in exchange for 380,500 common units of tectonic holdings in connection with the merger.
f5 these shares are held by sherman tectonic flp lp for which the reporting person serves as the chief executive officer of the general partner.
f6 received in exchange for 19,500 common units of tectonic holdings in connection with the merger.
f7 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.

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