Michael L. Cheravitch - 12 Feb 2024 Form 3 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
EVP-Chief Banking Officer
Signature
/s/ Michael L. Cheravitch by Julie E. Shaw Power of Attorney
Issuer symbol
MBCN
Transactions as of
12 Feb 2024
Net transactions value
$0
Form type
3
Filing time
14 Feb 2024, 11:07:02 UTC
Next filing
10 Sep 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MBCN Conditional Stock Award 12 Feb 2024 Common Stock 2,300 $30.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award represents a grant of restricted stock which vests on December 31, 2025, if the executive's service continues through that date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient.