Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 540

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 540
---
—  
    $2.42 

A summary of stock option activity
in 2024 is presented below (Aggregate Intrinsic Value in thousands):

Schedule of Stock Option Activity

    Shares Subject to Options  
    Weighted- Average Exercise Price  
    Weighted- Average Remaining Contractual Term  
    Aggregate Intrinsic Value 
  
    Outstanding at beginning of year 
     137,500  
    $13.86  
     2.1 years   
     — 
  
    Granted 
     —  
     —  
     —  
     — 
  
    Exercised 
     —  
     —  
     —  
     — 
  
    Forfeited or expired 
     (92,500) 
     14.90  
     —  
     — 
  
    Outstanding on December 31, 2024 
     45,000  
    $11.72  
     1.2 years  
    $49 

    Exercisable on December 31, 2024 
     38,800  
    $11.41  
     0.6 years  
    $49 

A summary of restricted stock activity for
the year ended December 31, 2024, is presented below:

Schedule of Non-Vested Restricted Stock Activity

    Shares  
    Weighted- Average Grant Date Fair Value  
    Average Remaining  Contractual Term 
  
    Non-vested on January 1, 2024 
     13,400  
    $12.97  
     3.9 years 
  
    Granted 
     —  
     —  
     — 
  
    Vested 
     (8,700) 
     8.44  
     — 
  
    Forfeited 
     —  
     —  
     — 
  
    Non-vested on December 31, 2024 
     4,700  
    $12.91  
     3.0 years 

    115

A summary of performance restricted stock
unit activity for the year ended December 31, 2024, is presented below:

Schedule of Performance Restricted Stock
Unit Activity

    Shares  
    Weighted- Average Grant Date Fair Value  
    Average Remaining  Contract