Bonora Deirdre 4
4 · LINKBANCORP, Inc. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
LINKBANCORP (LNKB) Chief Ops Officer Deirdre Bonora Sells Shares
What Happened
- Deirdre Bonora, Chief Operations and Technology Officer of LINKBANCORP (LNKB), reported dispositions on 2026-05-01 totaling 17,586 shares. That consists of 12,586 issued common shares surrendered to the issuer and 5,000 derivative shares (related to an option).
- No per-share prices or cash proceeds are listed in the filing (marked N/A). The transactions were part of the company’s merger agreement and related conversion mechanics, not an open-market sale.
Key Details
- Transaction date and filing date: 2026-05-01 (report filed the same day).
- Dispositions: 12,586 common shares (to issuer) and 5,000 derivative shares (to issuer); price per share not reported (N/A).
- Shares owned after the transaction: not disclosed in the Form 4 filing.
- Footnotes: F1/F2 explain these actions stem from the December 18, 2025 merger agreement with Burke & Herbert Financial Services Corp.: each LINKBANCORP share was converted into 0.1350 shares of Burke & Herbert stock, with cash paid for fractional shares. An option converted into a Burke & Herbert option on a pro rata basis with adjusted exercise price.
- Filing timeliness: filed the same day as the reported transactions (no late-file flag in the filing).
Context
- These were conversion-type dispositions tied to a merger (share-for-share conversion and option conversion), not a typical market sale; the filing shows no open-market trading or proceeds information.
- For derivative items: the option was converted per the merger terms into an option exercisable for Burke & Herbert shares (see F2) rather than a simple exercise-for-cash event.
- Such merger-related dispositions are procedural and reflect corporate transaction mechanics; they should not be read as an independent signal of insider buying or selling sentiment.
Insider Transaction Report
Form 4Exit
Bonora Deirdre
Chief Ops and Tech Officer
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-05-01−12,586→ 0 total - Disposition to Issuer
Stock Options
[F2]2026-05-01−5,000→ 0 totalExercise: $9.00From: 2023-12-22Exp: 2032-12-22→ Common Stock (5,000 underlying)
Footnotes (2)
- [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.
Signature
/s/ Melanie Vanderau, pursuant to power of attorney|2026-05-01