SAMUEL ANDREW S 4
Research Summary
AI-generated summary
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.