SAMUEL ANDREW S 4
4 · LINKBANCORP, Inc. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
LINKBANCORP CEO Samuel Andrew S Sells 1,003,054 Shares
What Happened
Samuel Andrew S, CEO (also Vice Chairman and Director) of LINKBANCORP, reported dispositions to the issuer on 2026-05-01 totaling 1,003,054 shares. The filings show 46,814 shares of common stock and 956,240 derivative-related shares (from options/warrants or converted derivative instruments) were disposed. No per-share price or cash proceeds are reported (marked N/A), consistent with a corporate merger conversion rather than an open-market sale.
Key Details
- Transaction date: 2026-05-01 (Form filed 2026-05-01). Transaction code: D (Disposition to issuer).
- Total shares disposed: 1,003,054 (non-derivative: 46,814; derivative: 956,240). Individual items included 40,557; 197; 6,060; 40,000 (derivative); 907,240 (derivative); 7,500 (derivative); 500 (derivative); 1,000 (derivative).
- Price/value: N/A — no cash price or proceeds reported on the Form 4.
- Shares owned after transaction: not provided in the supplied data.
- Notable footnotes:
- F1: These dispositions arise from the Agreement and Plan of Merger (Dec 18, 2025) with Burke & Herbert Financial Services Corp.; each LINKBANCORP share was converted into the right to receive 0.1350 Burke & Herbert shares (cash paid for fractional shares).
- F2–F3: Options and warrants were converted into Burke & Herbert equivalents (share counts adjusted by 0.1350 with rounding rules; exercise prices adjusted as described).
- Filing timeliness: Form filed the same day as the reported transactions (appears timely).
Context
These dispositions appear to be merger-related conversions/surrenders (conversion of common stock and conversion/adjustment of options and warrants) under the merger with Burke & Herbert, not routine open-market sales. Because the transactions reflect a corporate reorganization and conversion mechanics (including cash in lieu for fractions and adjusted derivative instruments), they don't provide the same market-signaling information as a voluntary open-market sale or purchase. For valuation or impact, check the Burke & Herbert proxy/transaction documents to see the implied consideration and how the converted shares/options will trade.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-05-01−40,557→ 0 total - Disposition to Issuer
Common Stock
[F1]2026-05-01−197→ 0 total(indirect: By Daughter Direct) - Disposition to Issuer
Common Stock
[F1]2026-05-01−6,060→ 0 total(indirect: By IRA) - Disposition to Issuer
Stock Options
[F2]2026-05-01−40,000→ 0 totalExercise: $10.00From: 2020-10-19Exp: 2029-10-19→ Common Stock (40,000 underlying) - Disposition to Issuer
Warrants
[F3]2026-05-01−907,240→ 0 totalExercise: $10.00From: 2019-01-03Exp: 2029-01-03→ Common Stock (907,240 underlying) - Disposition to Issuer
Stock Options
[F2]2026-05-01−7,500→ 0 total(indirect: By Daughter)Exercise: $10.00From: 2020-06-14Exp: 2029-06-14→ Common Stock (7,500 underlying) - Disposition to Issuer
Stock Options
[F2]2026-05-01−500→ 0 total(indirect: By Daughter)Exercise: $7.00From: 2024-08-31Exp: 2033-08-31→ Common Stock (500 underlying) - Disposition to Issuer
Stock Options
[F2]2026-05-01−1,000→ 0 total(indirect: By Daughter)Exercise: $6.58From: 2025-05-23Exp: 2034-05-23→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger dated December 18, 2025 between the Issuer and Burke & Herbert Financial Services Corp. ("Burke & Herbert"), each issued and outstanding share of Issuer common stock was converted into the right to receive 0.1350 shares of common stock of Burke & Herbert. Holders of Issuer Common Stock will receive cash in lieu of fractional shares of Burke & Herbert common stock in accordance with the terms of the Agreement and Plan of Merger.
- [F2]This option converted into a stock option exercisable for a number of shares of Burke & Herbert common stock equal to the number of shares of Issuer common stock underlying the option multiplied by 0.1350, rounded down to the nearest whole share, with an exercise price per share of Burke & Herbert common stock equal to the exercise price applicable to the underlying option divided by 0.1350, rounded up to the nearest cent.
- [F3]This warrant converted into a stock warrant exercisable for a number of shares of Burke & Herbert common stock equal to the number of shares of Issuer common stock underlying the warrant multiplied by 0.1350, rounded down to the nearest whole share, with an exercise price per share of Burke & Herbert common stock equal to the exercise price applicable to the underlying warrant divided by 0.1350, rounded up to the nearest cent.