RANTTILA MICHAEL 4

What Happened

• Michael Ranttilla, EVP and CFO of Middlefield Banc Corp., reported dispositions to the issuer on March 2, 2026 totaling 33,217.1 shares (50 + 300 + 32,867.1).
• The reported transactions show no per‑share price on the Form 4 (listed as N/A) because the shares were disposed of pursuant to a merger agreement rather than an open‑market sale.

Key Details

• Transaction date: March 2, 2026.
• Transaction type: Disposition to issuer (code D) — shares surrendered under the Agreement and Plan of Merger dated Oct. 22, 2025 between Middlefield and Farmers National Banc Corp.; Middlefield merged into Farmers on March 2, 2026 (see footnote F1).
• Price/value: Not reported on the Form 4 (N/A); likely resolved as part of the merger consideration.
• Shares owned after the transaction: Not specified in the filing.
• Filing timeliness: Report date and transaction date are the same (filed March 2, 2026); no late filing indicated.

Context

• These disposals were made pursuant to the merger agreement (a corporate transaction), not open‑market sales. Such surrendering of shares is common in mergers where shares are converted or cashed out and does not necessarily indicate the insider’s view on the company’s prospects.
• Because no price or dollar value is provided on the Form 4, investors cannot determine the cash proceeds from these dispositions from this filing alone.