Eisel Catherine 4

What Happened
Catherine Eisel, Chief Risk Officer of LINKBANCORP, reported dispositions of a total 43,509 shares of LINKBANCORP common stock to the issuer on May 1, 2026. The filing shows no cash sale price because the transactions were part of the company’s merger with Burke & Herbert Financial Services Corp. Under the merger terms each LINKBANCORP share converts into 0.1350 shares of Burke & Herbert common stock (holders receive cash for any fractional shares). Based on that ratio, Eisel’s 43,509 shares convert to approximately 5,873 Burke & Herbert shares, with cash paid in lieu of the 0.715 fractional share. One of the reported dispositions (5,000 shares) was a derivative/option position handled under the merger conversion rules.

Key Details

• Transaction date: 2026-05-01. Report filed the same day (timely).
• Dispositions reported: 23,643; 7,800; 7,066 (common shares) and 5,000 (derivative/option) — total 43,509 LNKB shares.
• Price / cash received: Not reported on Form 4 (transactions were conversion/merger-related). Cash will be paid for fractional shares per the merger agreement.
• Conversion ratio: 0.1350 Burke & Herbert shares per LINKBANCORP share (per footnote F1). Estimated receipt ≈ 5,873 B&H shares; cash for 0.715 fractional share.
• Derivative treatment: Footnote F2 says options were converted into options/exercises on Burke & Herbert stock equal to floor(underlying shares × 0.1350) with adjusted exercise price (no fractional option shares). The 5,000 derivative shares convert to 675 B&H-equivalent option/shares (5,000 × 0.135 = 675).
• Shares owned after transaction: Not disclosed in the supplied filing data.

Context

• These were not open-market sales but merger conversion dispositions — common in M&A where target shares are converted into acquirer shares (or cash for fractions). Such filings reflect the mechanics of the deal rather than an insider expressing a buy/sell opinion.
• No dollar proceeds or market trades are reported here, so you cannot infer the monetary value from this Form 4 alone.