Thomas M. Wilson - 14 Jan 2025 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
14 Jan 2025
Net transactions value
$0
Form type
4
Filing time
23 Jan 2025, 08:49:44 UTC
Previous filing
10 Sep 2024
Next filing
07 Aug 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 14 Jan 2025 held in IRA
holding MBCN Common Stock 7,285 14 Jan 2025 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 +2,685 2,685 14 Jan 2025 Common Stock 2,685 Direct F1, F2
holding MBCN Conditional Stock Award 2,561 14 Jan 2025 Common Stock 2,561 Direct F2, F3
holding MBCN Conditional Stock Award 1,321 14 Jan 2025 Common Stock 1,321 $27.40 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The award represents 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. The details of the vesting conditions may be found in a Form 8K filing dated January 17, 2025
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 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.
F4 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.