Kelly Potes - 28 Jan 2022 Form 4 Insider Report for CHOICEONE FINANCIAL SERVICES INC (COFS)

Role: Chief Executive Officer, Director
Signature: /s/ Emily E. Cantor, by Power of Attorney
Issuer symbol: COFS
Transactions as of: 28 Jan 2022
Net transactions value: -$13,973
Form type: 4
Filing time: 03 May 2022, 14:23:16 UTC
Previous filing: 10 Dec 2021
Next filing: 17 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	COFS	Common stock	Sale	$13,973	-541	-100%	$25.83	0	28 Jan 2022	401(k) plan	F1
holding	COFS	Common stock						31,216	28 Jan 2022	Direct
holding	COFS	Common stock						5,690	28 Jan 2022	IRA

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person's sale of common stock of ChoiceOne Financial Services, Inc. (the "Company") reported herein was the result of an asset reallocation with respect to the applicable plan, rather than a specific determination by the reporting person to sell the Company's common stock. To the extent of the 540.945 shares sold (at a price of $25.82985 per share), this sale was matchable under Section 16(b) of the Secruities Exchange Act of 1934 with the reporting person's purchase of certain shares of Company common stock on December 8, 2021 and December 9, 2021, including 141 shares purchased at a price of $25.400 per share on December 8, 2021 and 865 shares purchased at a price of $25.475 per share on December 9, 2021. The reporting person has paid to the Company $202.53, representing the full amount of the profit realized in connection with the short-swing transaction

Content

The reporting person's sale of common stock of ChoiceOne Financial Services, Inc. (the "Company") reported herein was the result of an asset reallocation with respect to the applicable plan, rather than a specific determination by the reporting person to sell the Company's common stock. To the extent of the 540.945 shares sold (at a price of $25.82985 per share), this sale was matchable under Section 16(b) of the Secruities Exchange Act of 1934 with the reporting person's purchase of certain shares of Company common stock on December 8, 2021 and December 9, 2021, including 141 shares purchased at a price of $25.400 per share on December 8, 2021 and 865 shares purchased at a price of $25.475 per share on December 9, 2021. The reporting person has paid to the Company $202.53, representing the full amount of the profit realized in connection with the short-swing transaction