Thomas M. Wilson - 06 Sep 2024 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role: EVP-Chief Strategy Officer
Signature: /s/ Thomas M. Wilson by Julie E. Shaw Power of Attorney
Issuer symbol: MBCN
Transactions as of: 06 Sep 2024
Net transactions value: $0
Form type: 4
Filing time: 10 Sep 2024, 16:46:34 UTC
Previous filing: 06 Jun 2024
Next filing: 23 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MBCN	Common Stock						12,498	06 Sep 2024	held in IRA
holding	MBCN	Common Stock						7,285	06 Sep 2024	Direct

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
transaction	MBCN	Conditional Stock Award	Award		+2,561			2,561	06 Sep 2024	Common Stock	2,561		Direct	F1, F2
holding	MBCN	Conditional Stock Award						1,321	06 Sep 2024	Common Stock	1,321	$27.40	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Wilson 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.
F2	Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3	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.