FFBW to delist!

Investment Analysis Clubs Jim Royal
14

Couple things to note:
FFBW ESOP filing

Percent of Class Represented by Amount in Row 9

11.58% of 5,515,641 shares of Common Stock outstanding as of December 31, 2022.

and:
Maltese filing, dated as of 12/31/22

Based upon an aggregate of 5,554,311 shares of Common Stock outstanding as determined by the Issuer’s most recently available 10-Q filing, as of the close of business on October 31, 2022

Maltese made his filing based on his 12/31 position. So he was already out? Back in February 2022 he filed as of 12/31/21:

Aggregate Amount Beneficially Owned by Each Reporting Person

366,062

Percent of Class Represented by Amount in Row (9)

5.32%

  1. If the ESOP is better informed on share count than everyone else making filings, then the bank bought 38670 shares in Q4.
  2. Terry Maltese was out before the end of 2022? And, if he was a 5% owner, why didn’t he need to file within days of dropping below the 5% mark? I wonder if his filing has discrepancies with respect to when he actually sold the shares. This is the “normal” week for his 12/31 (Q4) 13G/A filings…
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