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[Form 4] Middlefield Banc Corp. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Middlefield Banc Corp. (MBCN) � Form 4 filed 08/07/2025

EVP-Chief Banking Officer Michael L. Cheravitch reported restricted-stock vesting on 08/06/2025. A total of 853 common shares vested at an implied $27.11. Of these, 248 shares were automatically withheld for taxes (code “F�), resulting in a net addition of 605 directly held shares. Following the transaction, Cheravitch directly owns 605 common shares.

The filing also discloses outstanding equity incentives:

  • 2,630 RSUs vesting ratably through 01/14/2028
  • 1,708 RSUs vesting ratably through 09/06/2027
  • 2,300 RSUs cliff-vesting on 12/31/2025 with a $30 exercise/settlement price

Total unvested derivative holdings equal 6,638 shares, aligning the executive’s future compensation with shareholder value. No open-market purchases or sales occurred; the activity is strictly plan-based vesting and tax withholding. The filing is routine and does not signal a change in corporate outlook.

Middlefield Banc Corp. (MBCN) � Modulo 4 presentato il 07/08/2025

Il EVP-Chief Banking Officer Michael L. Cheravitch ha segnalato l'acquisizione di azioni vincolate il 06/08/2025. Un totale di 853 azioni ordinarie sono diventate disponibili al valore implicito di 27,11 $. Di queste, 248 azioni sono state automaticamente trattenute per tasse (codice “F�), con un aumento netto di 605 azioni detenute direttamente. Dopo la transazione, Cheravitch possiede direttamente 605 azioni ordinarie.

Il modulo rivela inoltre incentivi azionari in essere:

  • 2.630 RSU che maturano progressivamente fino al 14/01/2028
  • 1.708 RSU che maturano progressivamente fino al 06/09/2027
  • 2.300 RSU con maturazione a scadenza il 31/12/2025 con prezzo di esercizio/regolamento di 30 $

Il totale delle partecipazioni derivate non maturate ammonta a 6.638 azioni, allineando la futura remunerazione del dirigente al valore per gli azionisti. Non ci sono stati acquisti o vendite sul mercato aperto; l'attività riguarda esclusivamente la maturazione prevista dal piano e la trattenuta fiscale. La comunicazione è di routine e non indica cambiamenti nella prospettiva aziendale.

Middlefield Banc Corp. (MBCN) � Formulario 4 presentado el 07/08/2025

El EVP-Chief Banking Officer Michael L. Cheravitch informó sobre la adquisición de acciones restringidas el 06/08/2025. Un total de 853 acciones comunes se liberaron a un valor implícito de 27,11 $. De estas, 248 acciones se retuvieron automáticamente para impuestos (código “F�), resultando en una adición neta de 605 acciones de propiedad directa. Tras la transacción, Cheravitch posee directamente 605 acciones comunes.

El formulario también revela incentivos de capital pendientes:

  • 2,630 RSU que se liberan proporcionalmente hasta el 14/01/2028
  • 1,708 RSU que se liberan proporcionalmente hasta el 06/09/2027
  • 2,300 RSU con liberación total el 31/12/2025 con un precio de ejercicio/liquidación de 30 $

El total de tenencias derivadas no liberadas es de 6,638 acciones, alineando la compensación futura del ejecutivo con el valor para los accionistas. No hubo compras ni ventas en el mercado abierto; la actividad es estrictamente por liberación según el plan y retención fiscal. La presentación es rutinaria y no indica un cambio en la perspectiva corporativa.

Middlefield Banc Corp. (MBCN) � 2025� 8� 7� 제출� Form 4

EVP-Chief Banking Officer Michael L. Cheravitch가 2025� 8� 6� 제한 주식� 확정되었음을 보고했습니다. � 853 보통주가 암시� 가� 27.11달러� 확정되었습니�. � � 248주는 세금(코드 “F�) 자동 원천징수되어 순수하게 605주가 직접 보유되었습니�. 거래 � Cheravitch� 605 보통주를 직접 보유하고 있습니다.

제출서에� 미확� 주식 인센티브� 공개되어 있습니다:

  • 2,630 RSU가 2028� 1� 14일까지 비례 배분 방식으로 확정 예정
  • 1,708 RSU가 2027� 9� 6일까지 비례 배분 방식으로 확정 예정
  • 2,300 RSU가 2025� 12� 31� 일괄 확정 예정이며 행사/정산 가격은 30달러

� 미확� 파생 보유 주식은 6,638��, 임원� 미래 보상� 주주 가치와 일치하도� 합니�. 공개 시장에서� 매수� 매도� 없었으며, 이번 활동은 전적으로 계획� 따른 확정 � 세금 원천징수입니�. 제출은 일상적이� 기업 전망 변� 신호가 아닙니다.

Middlefield Banc Corp. (MBCN) � Formulaire 4 déposé le 07/08/2025

Le EVP-Chief Banking Officer Michael L. Cheravitch a déclaré l'acquisition d'actions restreintes le 06/08/2025. Un total de 853 actions ordinaires ont été acquises à un prix implicite de 27,11 $. Parmi celles-ci, 248 actions ont été automatiquement retenues pour impôts (code “F�), ce qui a entraîné une augmentation nette de 605 actions détenues directement. Après la transaction, Cheravitch possède directement 605 actions ordinaires.

Le dépôt révèle également des incitations en actions en cours :

  • 2 630 RSU acquises par paliers jusqu'au 14/01/2028
  • 1 708 RSU acquises par paliers jusqu'au 06/09/2027
  • 2 300 RSU acquises en bloc le 31/12/2025 avec un prix d'exercice/règlement de 30 $

Le total des dérivés non acquis s'élève à 6 638 actions, alignant la rémunération future du dirigeant sur la valeur pour les actionnaires. Aucune transaction sur le marché ouvert n'a eu lieu ; l'activité concerne uniquement la levée des droits selon le plan et la retenue fiscale. Le dépôt est de routine et ne signale aucun changement dans les perspectives de l'entreprise.

Middlefield Banc Corp. (MBCN) � Form 4 eingereicht am 07.08.2025

EVP-Chief Banking Officer Michael L. Cheravitch meldete die Freigabe von eingeschränkten Aktien am 06.08.2025. Insgesamt 853 Stammaktien wurden zum implizierten Kurs von 27,11 $ freigegeben. Davon wurden 248 Aktien automatisch zur Steuerabführung einbehalten (Code „F�), was zu einem Nettogewinn von 605 direkt gehaltenen Aktien führte. Nach der Transaktion besitzt Cheravitch 605 Stammaktien direkt.

Die Meldung enthält außerdem ausstehende Aktienanreize:

  • 2.630 RSUs, die anteilig bis zum 14.01.2028 freigegeben werden
  • 1.708 RSUs, die anteilig bis zum 06.09.2027 freigegeben werden
  • 2.300 RSUs mit vollständiger Freigabe am 31.12.2025 zu einem Ausübungs-/Abwicklungspreis von 30 $

Die insgesamt nicht freigegebenen Derivate betragen 6.638 Aktien und stimmen die künftige Vergütung des Geschäftsführers mit dem Wert für die Aktionäre ab. Es gab keine Käufe oder Verkäufe am offenen Markt; die Aktivität basiert ausschließlich auf planmäßiger Freigabe und Steuerabzug. Die Meldung ist routinemäßig und signalisiert keine Änderung der Unternehmensperspektive.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU vesting; executive keeps 605 shares, no open-market activity, minimal market impact.

The transaction is a standard one-year cliff vest of RSUs granted in 2024. Only statutory tax withholding reduced the gross share count. Because the shares were not sold on the open market, there is no direct supply pressure on MBCN stock. The cumulative unvested 6,638-share pool—about 0.11 % of shares outstanding—keeps management incentives aligned but is immaterial to dilution. Overall, I view the filing as neutral for valuation and liquidity.

Middlefield Banc Corp. (MBCN) � Modulo 4 presentato il 07/08/2025

Il EVP-Chief Banking Officer Michael L. Cheravitch ha segnalato l'acquisizione di azioni vincolate il 06/08/2025. Un totale di 853 azioni ordinarie sono diventate disponibili al valore implicito di 27,11 $. Di queste, 248 azioni sono state automaticamente trattenute per tasse (codice “F�), con un aumento netto di 605 azioni detenute direttamente. Dopo la transazione, Cheravitch possiede direttamente 605 azioni ordinarie.

Il modulo rivela inoltre incentivi azionari in essere:

  • 2.630 RSU che maturano progressivamente fino al 14/01/2028
  • 1.708 RSU che maturano progressivamente fino al 06/09/2027
  • 2.300 RSU con maturazione a scadenza il 31/12/2025 con prezzo di esercizio/regolamento di 30 $

Il totale delle partecipazioni derivate non maturate ammonta a 6.638 azioni, allineando la futura remunerazione del dirigente al valore per gli azionisti. Non ci sono stati acquisti o vendite sul mercato aperto; l'attività riguarda esclusivamente la maturazione prevista dal piano e la trattenuta fiscale. La comunicazione è di routine e non indica cambiamenti nella prospettiva aziendale.

Middlefield Banc Corp. (MBCN) � Formulario 4 presentado el 07/08/2025

El EVP-Chief Banking Officer Michael L. Cheravitch informó sobre la adquisición de acciones restringidas el 06/08/2025. Un total de 853 acciones comunes se liberaron a un valor implícito de 27,11 $. De estas, 248 acciones se retuvieron automáticamente para impuestos (código “F�), resultando en una adición neta de 605 acciones de propiedad directa. Tras la transacción, Cheravitch posee directamente 605 acciones comunes.

El formulario también revela incentivos de capital pendientes:

  • 2,630 RSU que se liberan proporcionalmente hasta el 14/01/2028
  • 1,708 RSU que se liberan proporcionalmente hasta el 06/09/2027
  • 2,300 RSU con liberación total el 31/12/2025 con un precio de ejercicio/liquidación de 30 $

El total de tenencias derivadas no liberadas es de 6,638 acciones, alineando la compensación futura del ejecutivo con el valor para los accionistas. No hubo compras ni ventas en el mercado abierto; la actividad es estrictamente por liberación según el plan y retención fiscal. La presentación es rutinaria y no indica un cambio en la perspectiva corporativa.

Middlefield Banc Corp. (MBCN) � 2025� 8� 7� 제출� Form 4

EVP-Chief Banking Officer Michael L. Cheravitch가 2025� 8� 6� 제한 주식� 확정되었음을 보고했습니다. � 853 보통주가 암시� 가� 27.11달러� 확정되었습니�. � � 248주는 세금(코드 “F�) 자동 원천징수되어 순수하게 605주가 직접 보유되었습니�. 거래 � Cheravitch� 605 보통주를 직접 보유하고 있습니다.

제출서에� 미확� 주식 인센티브� 공개되어 있습니다:

  • 2,630 RSU가 2028� 1� 14일까지 비례 배분 방식으로 확정 예정
  • 1,708 RSU가 2027� 9� 6일까지 비례 배분 방식으로 확정 예정
  • 2,300 RSU가 2025� 12� 31� 일괄 확정 예정이며 행사/정산 가격은 30달러

� 미확� 파생 보유 주식은 6,638��, 임원� 미래 보상� 주주 가치와 일치하도� 합니�. 공개 시장에서� 매수� 매도� 없었으며, 이번 활동은 전적으로 계획� 따른 확정 � 세금 원천징수입니�. 제출은 일상적이� 기업 전망 변� 신호가 아닙니다.

Middlefield Banc Corp. (MBCN) � Formulaire 4 déposé le 07/08/2025

Le EVP-Chief Banking Officer Michael L. Cheravitch a déclaré l'acquisition d'actions restreintes le 06/08/2025. Un total de 853 actions ordinaires ont été acquises à un prix implicite de 27,11 $. Parmi celles-ci, 248 actions ont été automatiquement retenues pour impôts (code “F�), ce qui a entraîné une augmentation nette de 605 actions détenues directement. Après la transaction, Cheravitch possède directement 605 actions ordinaires.

Le dépôt révèle également des incitations en actions en cours :

  • 2 630 RSU acquises par paliers jusqu'au 14/01/2028
  • 1 708 RSU acquises par paliers jusqu'au 06/09/2027
  • 2 300 RSU acquises en bloc le 31/12/2025 avec un prix d'exercice/règlement de 30 $

Le total des dérivés non acquis s'élève à 6 638 actions, alignant la rémunération future du dirigeant sur la valeur pour les actionnaires. Aucune transaction sur le marché ouvert n'a eu lieu ; l'activité concerne uniquement la levée des droits selon le plan et la retenue fiscale. Le dépôt est de routine et ne signale aucun changement dans les perspectives de l'entreprise.

Middlefield Banc Corp. (MBCN) � Form 4 eingereicht am 07.08.2025

EVP-Chief Banking Officer Michael L. Cheravitch meldete die Freigabe von eingeschränkten Aktien am 06.08.2025. Insgesamt 853 Stammaktien wurden zum implizierten Kurs von 27,11 $ freigegeben. Davon wurden 248 Aktien automatisch zur Steuerabführung einbehalten (Code „F�), was zu einem Nettogewinn von 605 direkt gehaltenen Aktien führte. Nach der Transaktion besitzt Cheravitch 605 Stammaktien direkt.

Die Meldung enthält außerdem ausstehende Aktienanreize:

  • 2.630 RSUs, die anteilig bis zum 14.01.2028 freigegeben werden
  • 1.708 RSUs, die anteilig bis zum 06.09.2027 freigegeben werden
  • 2.300 RSUs mit vollständiger Freigabe am 31.12.2025 zu einem Ausübungs-/Abwicklungspreis von 30 $

Die insgesamt nicht freigegebenen Derivate betragen 6.638 Aktien und stimmen die künftige Vergütung des Geschäftsführers mit dem Wert für die Aktionäre ab. Es gab keine Käufe oder Verkäufe am offenen Markt; die Aktivität basiert ausschließlich auf planmäßiger Freigabe und Steuerabzug. Die Meldung ist routinemäßig und signalisiert keine Änderung der Unternehmensperspektive.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cheravitch Michael L

(Last) (First) (Middle)
15985 EAST HIGH STREET

(Street)
MIDDLEFIELD OH 44062

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MIDDLEFIELD BANC CORP [ MBCN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP-Chief Banking Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/06/2025 A(1) 853 A $27.11 853 D
Common Stock 08/06/2025 F 248 D $27.11 605 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Conditional Stock Award(2) (3) (2) 01/14/2028 Common Stock 2,630 2,630 D
Conditional Stock Award(4) (3) (4) 09/06/2027 Common Stock 1,708 1,708 D
Conditional Stock Award(5) $30 (5) 12/31/2025 Common Stock 2,300 2,300 D
Explanation of Responses:
1. The acquisition represents the vesting of restricted stock granted to the reporting person on August 6, 2024. The shares vested on the first anniversary of the grant date.
2. 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.
3. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
4. 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.
5. The award represents a grant of restricted stock which vests on December 31, 2025, if the executive's service continues through that date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient.
/s/ Michael L. Cheravitch by Julie E. Shaw Power of Attorney 08/07/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many MBCN shares did EVP Michael Cheravitch acquire?

He vested 853 shares and retained 605 shares after 248 were withheld for taxes.

Was there any open-market buying or selling in this Form 4?

No. The activity was restricted-stock vesting and tax withholding; no open-market trades occurred.

What is the price associated with the vested shares?

The filing lists an implied price of $27.11 for the vested common stock.

How many unvested equity awards does the executive hold?

Cheravitch holds 6,638 unvested RSUs across three grants vesting through 2028.

Does this filing indicate any change in Middlefield Banc's outlook?

The Form 4 reflects routine compensation vesting and is not considered indicative of strategic or financial outlook changes.
Middlefield Banc Corp

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219.08M
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Banks - Regional
State Commercial Banks
United States
MIDDLEFIELD