Oscar M. Bean - Jan 30, 2023 Form 4 Insider Report for SUMMIT FINANCIAL GROUP, INC. (SMMF)

Role: Chairman, Director
Signature: Teresa D. Ely, Lmtd POA Attorney-in-Fact
Stock symbol: SMMF
Transactions as of: Jan 30, 2023
Transactions value $: $17,960
Form type: 4
Date filed: 1/31/2023, 08:09 AM
Previous filing: Dec 14, 2022
Next filing: Feb 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMMF	Common Stock	Purchase	$18K	+700	+0.85%	$25.66	82.6K	Jan 30, 2023	Direct	F3
holding	SMMF	Common Stock						23.3K	Jan 30, 2023	By Spouse

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	Phantom Stock						1.97K	Jan 30, 2023	Common Stock	1.97K	$0.00	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each share of phantom stock represents the economic equivalent of one share of Summit common stock.
F2	Shares of phantom stock are payable only in cash following termination of the reporting person's service as a director of Summit.
F3	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.60 to $25.73, inclusive. The reporting person undertakes to provide to Summit Financial Group, Inc., any security holder of Summit Financial Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.