MICHAEL RANTTILA - 21 Feb 2025 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
EVP/CFO
Signature
/s/ Michael C. Ranttila by Julie E. Shaw Power of Attorney
Issuer symbol
MBCN
Transactions as of
21 Feb 2025
Net transactions value
+$1,207
Form type
4
Filing time
24 Feb 2025, 16:59:00 UTC
Previous filing
04 Feb 2025
Next filing
03 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBCN Common Stock Purchase $1,207 +48 +2400% $25.15 50 21 Feb 2025 as Custodian for Grandson
holding MBCN Common Stock 4,035 21 Feb 2025 Direct F3
holding MBCN Common Stock 300 21 Feb 2025 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 4,520 21 Feb 2025 Common Stock 4,520 Direct F2, F4
holding MBCN Conditional Stock Award 2,846 21 Feb 2025 Common Stock 2,846 $27.40 Direct F5
holding MBCN Conditional Stock Award 2,016 21 Feb 2025 Common Stock 2,016 $24.80 Direct F6
holding MBCN Conditional Stock Award 4,433 21 Feb 2025 Common Stock 4,433 Direct F1, F2
* 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. Ranttila 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 8-K filing dated January 17, 2025.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3 Includes shares acquired under MBCN Dividend Reinvestment Plan
F4 The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila 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.
F5 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.
F6 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 8-K filing dated February 25, 2022.