Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 221

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 221
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    (13)
    The
    address of Castle Creek Capital Partners VIII, L.P. is 11682 EI Camino Real, ste 320, San Diego, CA 92130. Castle Creek Capital LLC
    is the sole general partner of Castle Creek Partners VIII, L.P. Spencer Cohn is the director of Castle Creek Partners VIII, L.P.,
    and David Volk is the managing principal of Castle Creek Partners VIII, L.P. The effect of this ownership structure is that Mr. Cohn
    holds voting and investment control of Castle Creek Capital Partners VIII, L.P.’s shares of Bancorp 34, and in Mr. Cohn’s
    absence Mr. Volk holds voting and investment control of Castle Creek Capital Partners VIII, L.P.’s shares of Bancorp 34.

135

Equity
Compensation Plan Information

The following table provides certain information
with respect to all our equity compensation plans in effect as of December 31, 2024.

    Plan Category 
    Number of
 Shares to be 
issued upon 
Exercise of 
Outstanding
 Options (a)  
    Weighted 
Average Exercise 
Price of 
Outstanding
 Options (b)  
    Number of 
Shares 
Remaining 
Available for 
Future Issuance 
under Equity 
Compensation
 Plans (Excluding 
Shares Reflected 
in Column (c) 
  
    Equity compensation plans approved by security holders (1) 
     38,800  
    $11.41  
     178,800 
  
    Equity compensation plans not approved by security holders 
     N/A  
     N/A  
     N/A 
  
    Total 
     38,800  
    $11.41  
     178,800 

(1)Column (a) consists of shares of our common stock issuable
upon the exercise of 109,700 stock options issued under our 2017 Equity Incentive Plan. Column (c) consists of an aggregate of 178,800
shares reserved for future issuance under our 2024 Equity Incentive Plan, which was approved by our stockholders on November 14, 2024.

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

The
following section summarizes the material provisions of certain agreements entered into by Bancorp 34 with its related parties. The summaries
of agreements in this section are qualified in their entirety by reference to the forms of