Sharp Bruce A. 4

What Happened

• Bruce A. Sharp, SEVP & Chief Commercial Loan Officer of CB Financial Services (CBFV), exercised stock option derivatives on Feb 20, 2026 to acquire a total of 4,110 shares (2,400 @ $25.56 = $61,344; 640 @ $22.01 = $14,086; 1,070 @ $22.12 = $23,668; total exercise cost reported = $99,098).
• To cover tax liability/exercise payment, 2,920 shares were surrendered/withheld (reported as a disposition under code F) at $34.17 per share valued at $99,777. After withholding, Mr. Sharp netted 1,190 shares (4,110 acquired − 2,920 withheld). Based on the $34.17 withholding value, the net shares are worth about $40.6K (approx).

Key Details

• Transaction date: February 20, 2026; Form 4 filed Feb 23, 2026 (within the SEC two-business-day reporting window for a Feb 20 transaction).
• Option exercises (code M): 2,400 @ $25.56; 640 @ $22.01; 1,070 @ $22.12 (total acquired 4,110 shares).
• Tax/exercise withholding (code F): 2,920 shares disposed @ $34.17, value ~$99,777. Net shares added: 1,190.
• Filing includes several derivative lines showing N/A / $0.00 — these appear to be form entries without additional share movement.
• Footnotes in the filing note restricted stock and option vesting schedules (various grants vesting at 20% per year with start dates in 2024–2027 and option vesting notes). Check the full Form 4 for which specific grant(s) these vesting notes apply to.
• Shares owned after the transaction are not specified in the summary provided here; see the full Form 4 for total post-transaction holdings.

Context

• This was an exercise of options with shares withheld to cover taxes/exercise obligations (a common cashless-like settlement), resulting in a net increase in beneficially owned shares (+1,190). Such exercises are primarily an exercise of vested compensation rather than an open-market purchase or sale; they do not by themselves indicate the insider’s view of the company’s outlook.