REXROAD JERRY L (President & Chief Executive Of) exercised options at CAROLINA FINANCIAL CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

REXROAD JERRY L

Filed: 5/5/2020ACC: 0000870385-20-000026

InsiderREXROAD JERRY LCIK 1189784

→

IssuerCAROLINA FINANCIAL CORPCIK 870385

DirectorOfficer· President & Chief Executive Of

Since Jan 2019

-395.61K

Net shares

Net seller

$73.7K

Total acquired

Open market trades

0B · 0S

Total transactions

4.45K acquired · 400.05K disposed

Non-Derivative Transactions5

Common Stock

Direct

M · Option Exercise

+4.45K

Price / share

$16.56

Trade value

$73.68K

% of position

1.8%

5/1/2020

244.58K→249.03K

Common Stock

Direct

F · Tax Withholding

−4.28K

Price / share

—

Trade value

—

% of position

1.7%

5/1/2020

249.03K→244.75K

Common Stock

Direct

D · Disposition

−4.95K

Price / share

—

Trade value

—

% of position

2.0%

5/1/2020

244.75K→239.80K

Common Stock

Direct

D · Disposition

−239.80K

Price / share

—

Trade value

—

% of position

New position

5/1/2020

239.80K→0.00

Common Stock

Indirect

D · Disposition

−11.04K

Price / share

—

Trade value

—

% of position

New position

5/1/2020

11.04K→0.00

Total

Net shares

−255.62K

Net value

$73.68K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/1/2020	M · Option Exercise	+4.45K	$16.56	$73.68K	1.8%	244.58K	249.03K
Common Stock Direct	5/1/2020	F · Tax Withholding	−4.28K	—	—	1.7%	249.03K	244.75K
Common Stock Direct	5/1/2020	D · Disposition	−4.95K	—	—	2.0%	244.75K	239.80K
Common Stock Direct	5/1/2020	D · Disposition	−239.80K	—	—	New position	239.80K	0.00
Common Stock Indirect	5/1/2020	D · Disposition	−11.04K	—	—	New position	11.04K	0.00
Total			−255.62K		$73.68K

Derivative Transactions7

Option to Purchase Common Stock

Direct

D · Disposition

Converts to

Common Stock

78.90K shares

−78.90K

Strike price

4.1667

Held after

0.00

Exercisable

—

5/1/2020

Option to Purchase Common Stock

Direct

D · Disposition

Converts to

Common Stock

24.59K shares

−24.59K

Strike price

11.5833

Held after

0.00

Exercisable

—

5/1/2020

Option to Purchase Common Stock

Direct

D · Disposition

Converts to

Common Stock

16.61K shares

−16.61K

Strike price

16.56

Held after

0.00

Exercisable

—

5/1/2020

Option to Purchase Common Stock

Direct

D · Disposition

Converts to

Common Stock

4K shares

−4K

Strike price

16.83

Held after

0.00

Exercisable

—

5/1/2020

Option to Purchase Common Stock

Direct

D · Disposition

Converts to

Common Stock

8.44K shares

−8.44K

Strike price

30.9

Held after

0.00

Exercisable

—

5/1/2020

Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

4.96K shares

−4.96K

Strike price

Held after

0.00

Exercisable

—

5/1/2020

Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock

2.48K shares

−2.48K

Strike price

Held after

0.00

Exercisable

—

5/1/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Option to Purchase Common Stock Direct	Common Stock78.90K shares	5/1/2020	D · Disposition	−78.90K	4.1667	—
Option to Purchase Common Stock Direct	Common Stock24.59K shares	5/1/2020	D · Disposition	−24.59K	11.5833	—
Option to Purchase Common Stock Direct	Common Stock16.61K shares	5/1/2020	D · Disposition	−16.61K	16.56	—
Option to Purchase Common Stock Direct	Common Stock4K shares	5/1/2020	D · Disposition	−4K	16.83	—
Option to Purchase Common Stock Direct	Common Stock8.44K shares	5/1/2020	D · Disposition	−8.44K	30.9	—
Restricted Stock Units Direct	Common Stock4.96K shares	5/1/2020	D · Disposition	−4.96K		—
Restricted Stock Units Direct	Common Stock2.48K shares	5/1/2020	D · Disposition	−2.48K		—