Robertson Aaron A. 4

What Happened

• Aaron A. Robertson, a director of Commercial Bancgroup, reported a series of "other" acquisitions/dispositions (Form 4 code J) on March 3–6, 2026. The filings show multiple transfers at $0.00 involving large blocks of shares (examples: 556,466; 556,465; 545,730; 545,730.5), reflecting disposals and acquisitions between related parties rather than open‑market sales or purchases.
• These transfers appear to be internal redistributions of Robertson Holding Company, L.P. assets to family trusts (see footnote F3). No cash consideration was paid for the transfers; reported dollar amounts are $0.

Key Details

• Transaction dates and reported amounts:
  • 2026-03-03: Disposed 556,466 shares @ $0.00
  • 2026-03-04: Disposed 556,465 shares @ $0.00
  • 2026-03-05: Disposed 545,730 shares @ $0.00; Acquired 545,730 shares @ $0.00
  • 2026-03-06: Disposed 545,730.5 shares @ $0.00; Acquired 545,730.5 shares @ $0.00
• Filing date: 2026-04-27; Period of report begins 2026-03-03. This Form 4 was filed well after the reported March transactions (i.e., not within the typical 2-business-day window) — reduces timeliness of disclosure.
• Shares owned after transaction: Not specified in the supplied summary.
• Notable footnotes:
  • F1: Robertson is a general partner of Robertson Holding and disclaims beneficial ownership of shares held by Robertson Holding except to the extent of a pecuniary interest.
  • F2: Robertson is sole trustee of the Craig E. Robertson Children's Irrevocable Trust (CER Trust) and disclaims beneficial ownership of the trust’s securities except to the extent of a pecuniary interest.
  • F3: Transfers reflect distribution of Robertson Holding assets to the CER Trust and the Edwin G. Robertson Children's Irrevocable Trust; no purchase price for the transfers.
  • F4: Reporting also references RSUs granted under the 2025 Omnibus Incentive Plan (each RSU converts to one share and vests 100% at the issuer’s 2026 annual meeting).

Context

• These were internal transfers among related entities and family trusts (zero‑dollar transfers), not open‑market buys or cash sales. Such transfers (gifts/distributions) are administrative/legal in nature and do not necessarily signal the director’s trading view of the company.
• Robertson disclaims beneficial ownership of many of the shares held by Robertson Holding and the trusts except for any pecuniary interest, which is important for understanding that reported transfers reflect entity/estate structuring rather than straightforward personal trading.