Michael A. Glasser - 01 Sep 2025 Form 4 Insider Report for OLD POINT FINANCIAL CORP (OPOF)

Role
Director
Signature
/s/ Cathy Liles, Attorney-in-Fact
Issuer symbol
OPOF
Transactions as of
01 Sep 2025
Net transactions value
$0
Form type
4
Filing time
03 Sep 2025, 16:10:14 UTC
Previous filing
05 Mar 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
GLASSER MICHAEL A Director C/O OLD POINT FINANCIAL CORP., PO BOX 3392, HAMPTON /s/ Cathy Liles, Attorney-in-Fact 03 Sep 2025 0001476928

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPOF Common Stock Disposed to Issuer -6,827 -100% 0 01 Sep 2025 Direct F1, F2, F3
transaction OPOF Common Stock Disposed to Issuer -2,707 -100% 0 01 Sep 2025 by IRA SEP F2, F3
transaction OPOF Common Stock Disposed to Issuer -2,000 -100% 0 01 Sep 2025 Manager F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael A. Glasser is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Includes previously unreported shares acquired through exempt dividend reinvestment transactions.
F2 Pursuant to the Agreement and Plan of Merger, dated as of April 2, 2025, by and among TowneBank, a Virginia banking corporation ("TowneBank"), Old Point Financial Corporation, a Virginia corporation ("Old Point"), and The Old Point National Bank of Phoebus, a nationally chartered banking association and wholly owned subsidiary of Old Point (together with the related plan of merger, the "Merger Agreement"), at the Effective Time of the Merger (as defined in the Merger Agreement), each restricted share of Old Point common stock fully vested, and each outstanding share of Old Point common stock (including the vested restricted shares but excluding certain shares held by Old Point) converted into the right to receive, at the election of the holder, $41.00 per share in cash or 1.14 shares of TowneBank common stock, subject to the allocation and proration procedures set forth in the Merger Agreement.
F3 On August 29, 2025, the last trading day before the Effective Time of the Merger, the closing price of Old Point's common stock was $42.10 per share and the closing price of TowneBank's common stock was $36.69 per share. All fractional share holdings were paid in cash.