Cheravitch Michael L 4
4 · MIDDLEFIELD BANC CORP · Filed Jan 16, 2026
Insider Transaction Report
Form 4
Cheravitch Michael L
EVP-Chief Banking Officer
Transactions
- Award
Common Stock
[F1]2026-01-14$34.50/sh+876$30,222→ 6,801 total - Tax Payment
Common Stock
2026-01-14$34.50/sh−301$10,385→ 6,500 total
Holdings
- 1,708
Conditional Stock Award
[F2][F4]Exp: 2027-09-06→ Common Stock (1,708 underlying) - 1,754
Conditional Stock Award
[F3][F4]Exp: 2028-01-14→ Common Stock (1,754 underlying)
Footnotes (4)
- [F1]The acquisition represents the vesting of restricted stock granted to the reporting person on January 14, 2025. The shares vested on the first anniversary of the grant.
- [F2]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.
- [F3]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.
- [F4]Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
Signature
/s/ Michael L. Cheravitch by Julie E. Shaw Power of Attorney|2026-01-16