Zimmerly Ronald Len Jr. 4

What Happened Ronald Len Zimmerly Jr., CEO of Middlefield Banc Corp. (MBCN), reported dispositions to the issuer on March 2, 2026 related to the company’s merger. The Form 4 lists two dispositions: 8,786 shares and 84,689.283 shares — a combined total of 93,475.283 shares — surrendered to the issuer. No price or cash value is reported on the filing (values shown as N/A), because the disposals were made pursuant to the merger agreement rather than open-market sales.

Key Details

• Transaction date: March 2, 2026 (the same date Middlefield merged into Farmers National Banc Corp.)
• Transaction type/code: Disposition to issuer (D) — shares surrendered under the merger agreement
• Share counts reported: 8,786 and 84,689.283 (total 93,475.283 shares)
• Price / value: Not reported on the Form 4 (listed as N/A)
• Shares owned after transaction: Not specified in the provided filing
• Footnote: Dispositions pursuant to the Agreement and Plan of Merger dated Oct 22, 2025; Middlefield merged into Farmers on March 2, 2026
• Timeliness: Filing date matches transaction date (timely)

Context These dispositions were part of merger consideration and represent shares surrendered to the issuer, not open-market sales. Such filings tied to mergers are typically administrative (payment or conversion under the merger agreement) and do not necessarily signal management trading decisions about the company’s near-term prospects.