Danyl R. Freeman - 20 May 2022 Form 4 Insider Report for SUMMIT FINANCIAL GROUP, INC.

Role: EVP & Chief Human Resources Of
Signature: Teresa D. Ely, Lmtd POA, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 20 May 2022
Net transactions value: $0
Form type: 4
Filing time: 23 May 2022, 15:42:48 UTC
Previous filing: 15 Jul 2021
Next filing: 10 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMMF	Common Stock	Other	$0	+931	+9.5%	$0.000000	10,704	20 May 2022	By ESOP	F2, F3
holding	SMMF	Common Stock						2,043	20 May 2022	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	SMMF	Stock Settled Stock Appreciation Rights						2,536	20 May 2022	Common Stock	2,536	$26.01	Direct	F1
holding	SMMF	Stock Settled Stock Appreciation Rights						5,430	20 May 2022	Common Stock	5,430	$23.94	Direct	F1
holding	SMMF	Stock Settled Stock Appreciation Rights						5,625	20 May 2022	Common Stock	5,625	$21.85	Direct	F1

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

Explanation of Responses:

Id	Content
F1	SAR vests in 5 equal annual installments with the beginning date indicated.
F2	The information reported herein is based on a plan statement dated 12/31/2021 received in May 2022.
F3	Between January 1, 2021 and December 31, 2021, acquired 931.3540 of Summit Common Stock under the Summit Financial Group, Inc. Employee Stock Ownership Plan.