Michael L. Cheravitch - 14 Jan 2026 Form 4 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
14 Jan 2026
Net transactions value
+$19,838
Form type
4
Filing time
16 Jan 2026, 08:58:42 UTC
Previous filing
05 Jan 2026
Next filing
25 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cheravitch Michael L EVP-Chief Banking Officer 15985 EAST HIGH STREET, MIDDLEFIELD /s/ Michael L. Cheravitch by Julie E. Shaw Power of Attorney 16 Jan 2026 0002007962

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBCN Common Stock Award $30,222 +876 +15% $34.50 6,801 14 Jan 2026 Direct F1
transaction MBCN Common Stock Tax liability $10,384 -301 -4.4% $34.50 6,500 14 Jan 2026 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
holding MBCN Conditional Stock Award 1,708 14 Jan 2026 Common Stock 1,708 Direct F2, F4
holding MBCN Conditional Stock Award 1,754 14 Jan 2026 Common Stock 1,754 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition represents the vesting of restricted stock granted to the reporting person on January 14, 2025. The shares vested on the first anniversary of the grant.
F2 The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Cheravitch 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 vesting details may be found on a Form 8-K filed September 4, 2024.
F3 The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Cheravitch 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 vesting details may be found on a Form 8-K filed January 17, 2025.
F4 Each restricted stock unit represents the right to receive, at settlement, one share of common stock.