Yates Charles L. 4

What Happened

• Charles L. Yates, a director of Commercial Bancgroup, reported two dispositions (code W) on 2026-02-13 totaling 72,581 shares (41,475 and 31,106). The reported transactions show $0 proceeds because the dispositions occurred in connection with the passing of Peggy C. Smith (inheritance/estate transfer).

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-05-08 (late filing).
• Transaction type/code: W — disposition by will/inheritance; reported price: $0.00; total shares disposed: 72,581.
• Footnote highlights:
  • F1: Dispositions occurred due to the death of Peggy C. Smith on Feb 13, 2026.
  • F2: 469 of the reported shares are restricted stock units (RSUs) that represent a contingent right to one share each and vest 100% on the issuer’s 2026 annual meeting date.
  • F3: The reporting person corrected a prior underreporting of beneficial ownership by 1.25 shares.
• Shares owned after the transaction: not specified in the filing.

Context

• Dispositions due to inheritance or estate settlement are administrative and do not necessarily reflect the insider’s market view. RSUs reported here are contingent awards that vest in the future (per F2). The Form 4 was filed about three months after the transaction date, so this is a late filing (may affect timeliness transparency).