RANTTILA MICHAEL 4

4 · MIDDLEFIELD BANC CORP · Filed Sep 4, 2024

Form 4

Period: 2024-08-30

EVP/CFO

Transactions

Award
Conditional Stock Award
2024-08-30+4,520→ 4,520 total
Exp: 2027-08-30→ Common Stock (4,520 underlying)

Holdings

Common Stock
4,035.1
Conditional Stock Award
Exercise: $27.40Exp: 2026-03-10→ Common Stock (2,846 underlying)
2,846
Common Stock
(indirect: as Custodian for Grandson)
2
Conditional Stock Award
Exercise: $24.80Exp: 2025-02-23→ Common Stock (2,016 underlying)
2,016

Footnotes (5)

[F1]Includes shares acquired under MBCN Dividend Reinvestment Plan
[F2]The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila 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.
[F3]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
[F4]Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8K filing dated March 17, 2023.
[F5]Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance based condition. The details of the vesting conditions may be found in a Form 8-K filing dated February 25, 2022.

Documents

1 file