Wilson Thomas M 4

What Happened
Thomas M. Wilson, Executive Vice President and Chief Strategy Officer of Middlefield Banc Corp. (MBCN), reported dispositions to the issuer totaling 35,288 shares (12,498 and 22,790) on March 2, 2026. The filing lists the transactions as "Disposition to the issuer" (code D) and shows no trade price or dollar values (price = N/A). These were not open-market sales but transfers tied to the company’s merger.

Key Details

• Transaction date: 2026-03-02 (both dispositions)
• Transaction type/code: Disposition to issuer (D) — shares surrendered/removed in connection with a corporate action
• Shares disposed: 12,498 and 22,790 (total 35,288)
• Price/value: Not reported in the filing (N/A)
• Shares owned after transaction: Not specified in the Form 4
• Footnote: Dispositions were made pursuant to the Agreement and Plan of Merger dated Oct 22, 2025, when Middlefield merged with and into Farmers National Banc Corp. on March 2, 2026
• Filing timeliness: Reported on form dated and filed 2026-03-02 — no late filing indicated in the report

Context
A "Disposition to the issuer" in a merger typically means the insider’s shares were surrendered or converted under the merger agreement (for cash, stock, or other consideration) rather than sold on the open market. This type of transaction is a routine corporate-event disposition and does not by itself indicate the insider’s view of the combined company.