Cullman Bancorp : 4 – Statement of Changes in Beneficial Ownership of Securities – August 18, 2023

SEC FORM 4

SEC Form 4

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION	OMB APPROVAL
Washington, D.C. 20549	OMB Number:	3235-0287
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP	Estimated average burden
hours per response:	0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934

or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person*		2.	Issuer Name and Ticker or Trading Symbol
Ugarkovich T aira		Cullman Bancorp, Inc. /MD/[ CULL ]
	3.	Date of Earliest Transaction (Month/Day/Year)
(Last)	(First)	(Middle)	08/18/2023
316 SECOND AVENUE, S.W.		4.	If Amendment, Date of Original Filed (Month/Day/Year)
(Street)
CULLMAN	AL	35055
(City)	(State)	(Zip)

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

	Director	10% Owner
X	Officer (give title	Other (specify
below)	below)

EVP and COO

6. Individual or Joint/Group Filing (Check Applicable Line)

1. Form filed by One Reporting Person
   Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction

2A. Deemed

3.

4. Securities Acquired (A) or

5. Amount of

6. Ownership

7. Nature of

Date

Execution Date,

Transaction

Disposed Of (D) (Instr. 3, 4 and

Securities

Form: Direct

Indirect

(Month/Day/Year)

if any

Code (Instr.

5)

Beneficially

(D) or Indirect

Beneficial

(Month/Day/Year)

8)

Owned Following

(I) (Instr. 4)

Ownership

(A) or

Reported

(Instr. 4)

Code

V

Amount

Price

Transaction(s)

(D)

(Instr. 3 and 4)

Common Stock

08/18/2023

A

26,594(2)

A

$0

105,150(1)

D

Common Stock

10,884(5)

I

By

ESOP

Common Stock

25,000

I

By

Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of

2.

3. Transaction

3A. Deemed

4.

5.

6. Date Exercisable and 7. Title and Amount of

8. Price of

9. Number of

10.

11. Nature

Derivative

Conversion

Date

Execution Date,

Transaction

Number

Expiration Date

Securities Underlying

Derivative

derivative

Ownership of Indirect

Security

or Exercise

(Month/Day/Year)

if any

Code (Instr.

of

(Month/Day/Year)

Derivative Security

Security

Securities

Form:

Beneficial

(Instr. 3)

Price of

(Month/Day/Year)

8)

Derivative

(Instr. 3 and 4)

(Instr. 5)

Beneficially

Direct (D)

Ownership

Derivative

Securities

Owned

or Indirect

(Instr. 4)

Security

Acquired

Following

(I) (Instr. 4)

(A) or

Reported

Disposed

Transaction(s)

of (D)

(Instr. 4)

(Instr. 3, 4

and 5)

Amount or

Date

Expiration

Number of

Code V

(A) (D)

Exercisable

Date

Title

Shares

Stock	$	10.54	06/20/2024	06/20/2033
Options
Stock	$	9.856	08/18/2021	08/18/2030
Options

Explanation of Responses:

1. Includes shares of restricted stock that vest at a rate of 20% per year commencing on August 18, 2021.
2. Shares of restricted stock vest at a rate of 20% per year commencing on August 18, 2024.
3. Stock options vest at a rate of 20% per year commencing on June 20, 2024.
4. Stock options vest at a rate of 20% per year commencing on August 18, 2021.
5. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

Common 66,487(3) Stock

Common 51,136(4) Stock

66,487(3) D

51,136(4) D

/s/ Ned A. Quint, pursuant to	08/22/2023
power of attorney

SEC FORM 4

** Signature of Reporting Person

Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

• If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
• Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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