James P. Chiaro - Sep 30, 2022 Form 3 Insider Report for FNCB Bancorp, Inc. (FNCB)

Role: EVP/CHIEF INV SERVICES OFFICER
Signature: /s/ Stephanie A. Westington, CPA, As Attorney in Fact
Stock symbol: FNCB
Transactions as of: Sep 30, 2022
Transactions value $: $0
Form type: 3
Date filed: 10/5/2022, 11:27 AM
Next filing: Jun 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	FNCB	COMMON STOCK						25.4K	Sep 30, 2022	By Chiaro Investment Services, LLC	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects restricted shares of Issuer's common stock issued in connection with the purchase of substantially all of the assets of Chiaro Investment Services, LLC pursuant to the Asset Purchase Agreement dated September 30, 2022 and consummated on the same date ("Purchase Agreement"). The restricted shares of common stock will be released based on the achievement of quarterly net commissions and fees in accordance with a schedule set forth in the Purchase Agreement. Any shares not eligible to be released by August 15, 2027 will be forfeited and canceled.

Content

Reflects restricted shares of Issuer's common stock issued in connection with the purchase of substantially all of the assets of Chiaro Investment Services, LLC pursuant to the Asset Purchase Agreement dated September 30, 2022 and consummated on the same date ("Purchase Agreement"). The restricted shares of common stock will be released based on the achievement of quarterly net commissions and fees in accordance with a schedule set forth in the Purchase Agreement. Any shares not eligible to be released by August 15, 2027 will be forfeited and canceled.