James P. Chiaro - Jun 16, 2023 Form 4 Insider Report for FNCB Bancorp, Inc. (FNCB)

Role: EVP/CHIEF INV SERVICES OFFICER
Signature: /s/ James M. Bone, Jr., CPA, As Attorney in Fact
Stock symbol: FNCB
Transactions as of: Jun 16, 2023
Transactions value $: $6,238
Form type: 4
Date filed: 6/20/2023, 06:21 PM
Previous filing: Oct 5, 2022
Next filing: Feb 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FNCB	COMMON STOCK	Purchase	$106	+17	+1.73%	$6.21	1K	Jun 16, 2023	Direct	F1
transaction	FNCB	COMMON STOCK	Purchase	$3.78K	+604	+159.37%	$6.25	983	Jun 16, 2023	Direct
transaction	FNCB	COMMON STOCK	Purchase	$2.36K	+379		$6.22	379	Jun 16, 2023	Direct
holding	FNCB	COMMON STOCK						25.4K	Jun 16, 2023	By Chiaro Investment Services, LLC	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares held by Mr. Chiaro individually.
F2	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

Represents shares held by Mr. Chiaro individually.

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.