David Wilson - May 3, 2024 Form 4 Insider Report for Burke & Herbert Financial Services Corp. (BHRB)

Role: Bank Director
Signature: /s/ Kirtan Parikh, as Attorney-in-Fact for David H. Wilson, Sr.
Stock symbol: BHRB
Transactions as of: May 3, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/6/2024, 09:15 AM
Previous filing: Apr 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Shares	Shares After	Date	Ownership	Footnotes
transaction	BHRB	Common Stock	Award	+20K	20K	May 3, 2024	Direct	F1
transaction	BHRB	Common Stock	Award	+2.44K	2.44K	May 3, 2024	By Spouse	F1
transaction	BHRB	Common Stock	Award	+37.8K	37.8K	May 3, 2024	By ADBMD Landholdings LLC	F1
transaction	BHRB	Common Stock	Award	+874	874	May 3, 2024	By Boulevard Auto Sales	F1
transaction	BHRB	Common Stock	Award	+874	874	May 3, 2024	By Millsboro Auto Mart II	F1
transaction	BHRB	Common Stock	Award	+5.4K	5.4K	May 3, 2024	By A D B M Properties Inc	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to the terms of the Agreement and Plan of Reorganization (the "Merger Agreement"), dated as of August 24, 2023, by and between Burke & Herbert Financial Services Corp. ("Burke & Herbert") and Summit Financial Group, Inc. ("Summit"), on May 3, 2024 (the "Closing Date") Summit merged with and into Burke & Herbert (the "Merger"), with Burke & Herbert continuing as the surviving company of the Merger. Pursuant to the Merger Agreement, on the Closing Date each share of Summit common stock held by the reporting person was converted into the right to receive 0.5043 of a share of common stock of Burke & Herbert rounded down to the nearest whole number of shares. The closing price of Burke & Herbert's common stock on May 2, 2024, was $51.67 per share.

Content

Pursuant to the terms of the Agreement and Plan of Reorganization (the "Merger Agreement"), dated as of August 24, 2023, by and between Burke & Herbert Financial Services Corp. ("Burke & Herbert") and Summit Financial Group, Inc. ("Summit"), on May 3, 2024 (the "Closing Date") Summit merged with and into Burke & Herbert (the "Merger"), with Burke & Herbert continuing as the surviving company of the Merger. Pursuant to the Merger Agreement, on the Closing Date each share of Summit common stock held by the reporting person was converted into the right to receive 0.5043 of a share of common stock of Burke & Herbert rounded down to the nearest whole number of shares. The closing price of Burke & Herbert's common stock on May 2, 2024, was $51.67 per share.