Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 632

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 632
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 copy of which will be filed with the SEC no later than 120 days after the end of our fiscal year (the “Proxy Statement”).

Item 11. Executive Compensation

The information required by this Item is incorporated herein by reference to the sections captioned “Executive and Director Compensation” in the Proxy Statement.

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Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

      (a) 
      Securities Authorized for issuance under Stock-Based Compensation Plans 

Set forth below is information as of December 31, 2024 regarding the Company’s equity compensation plans that have been approved by shareholders. The Company has no equity-based benefit plans, other than its employee stock ownership plan, that were not approved by shareholders.

      Plan 
      
      Number of Securities to be Issued Upon Exercise of Outstanding Options and rights (1) 

      Weighted Average Exercise Price (2) 

      Number of Securities Remaining Available for Issuance Under Plan (3) 

      2023 Equity Incentive Plan 

     500,500

     $
     9.58

     16,296

      Total 

     500,500

     $
     9.58

     16,296

(1)    Consists of outstanding stock options to purchase 500,500 shares of common stock granted under the Company’s stock-based compensation plans.

(2)    Represents the weighted average exercise price of stock options granted in 2023 and 2024.

(3)    Represents the number of available shares that may be granted as stock options and other stock awards under the 2023 Equity Incentive Plan.

      (b) 
      Security Ownership of Certain Beneficial Owners 

The information required by this Item is incorporated herein by reference to the section captioned "Security Ownership of Certain Beneficial Owners and Management" in the Proxy Statement. 

      (c) 
      Security Ownership of Management 

The information required by this Item is incorporated herein by reference to the section captioned "Security Ownership of Certain Beneficial Owners and Management" in the Proxy Statement. 

      (d) 
      Changes in Control 

Management knows of no arrangements, including any pledge by any person of securities of NSTS Bancorp, Inc., the operation of which may at a subsequent date result in a change in control of NSTS Bancorp, Inc.

Item 13. Certain Relationships and Related Transactions, and Director Independence

The