LINKBANCORP, Inc.·4

Apr 28, 4:07 PM ET

SAMUEL ANDREW S 4

Research Summary

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LINKBANCORP CEO Samuel Andrew S Withholds Shares for Taxes

What Happened

  • Samuel Andrew S, CEO (also Vice Chairman and a director) of LINKBANCORP, had a total of 18,296 shares of common stock withheld to satisfy tax obligations when restricted stock vested. The withholding occurred on 2026-04-22: 18,193 shares withheld at $8.71 each for $158,461, and 103 shares withheld at $8.71 each for $897, for a combined value of $159,358. This was a tax-withholding disposition (not an open-market sale).

Key Details

  • Transaction date: 2026-04-22. Report filed: 2026-04-28 (6 days after the transaction).
  • Prices and amounts: 18,193 shares @ $8.71 = $158,461; 103 shares @ $8.71 = $897; total ≈ $159,358.
  • Shares owned after the transaction: Not specified in the filing.
  • Footnotes of note:
    • F1: Shares withheld represent a portion of shares issued upon restricted-stock vesting and were withheld to satisfy the reporting person’s tax obligation.
    • F2–F4: Mr. Samuel shares a household with his daughter and disclaims beneficial ownership of securities held by her. Footnotes F3 and F4 describe separate option-vesting schedules (20% per year starting 8/31/2024 and 5/23/2025).
  • Timeliness: Form 4 was filed Apr 28 for Apr 22 transactions. Form 4s are generally due within two business days; this filing is later than that window.

Context

  • This was a withholding to cover taxes on vested restricted stock (transaction code F), a routine administrative disposition rather than a market sale indicating intent to liquidate holdings. For retail investors, tax-withholding withholdings are common after equity grants vest and do not necessarily convey a buying/selling signal.