Ronald L. Zimmerly Jr. - May 13, 2024 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
EVP/Chief Executive Officer, Director
Signature
/s/ Ronald L. Zimmerly, Jr. by Julie E. Shaw Power of Attorney
Stock symbol
MBCN
Transactions as of
May 13, 2024
Transactions value $
$22,470
Form type
4
Date filed
5/14/2024, 02:12 PM
Previous filing
Jan 2, 2024
Next filing
Jul 1, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBCN Common Stock Purchase $22.5K +1K +2.87% $22.47 35.9K May 13, 2024 Direct
holding MBCN Common Stock 2.01K May 13, 2024 held in IRA

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 3.72K May 13, 2024 Common Stock 3.72K $27.40 Direct F1
holding MBCN Conditional Stock Award 7.58K May 13, 2024 Common Stock 7.58K $28.60 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8K filing dated March 17, 2023.
F2 The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Zimmerly remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient.