Bonora Deirdre 4

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.