Clarke Michael W 4

What Happened

• Michael W. Clarke, a director of LINKBANCORP, disposed of (surrendered) a total of 254,573 LINKBANCORP shares on 2026-05-01 (two dispositions: 67,073 and 187,500 shares). The filing lists the transactions as "Disposition to the issuer" (code D); no per-share price or cash value is reported on the Form 4.
• These dispositions were the result of the merger between LINKBANCORP and Burke & Herbert Financial Services Corp. Under the merger agreement each LINKBANCORP share converts into 0.1350 shares of Burke & Herbert. The 254,573 shares convert to about 34,367.355 Burke & Herbert shares (holders will receive cash in lieu for any fractional share).

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-01 (timely).
• Transaction type: Disposition to issuer (D) — surrender/conversion under merger terms, not an open-market sale.
• Shares disposed: 67,073 and 187,500 (total 254,573).
• Price / value: Not disclosed in the Form 4 (N/A).
• Conversion: 0.1350 Burke & Herbert shares per LINKBANCORP share; cash paid for fractional shares per merger agreement (Footnote F1).
• Shares owned after transaction: Not specified in this filing.

Context

• This was a corporate-action conversion tied to the merger, not a routine insider sale; such dispositions reflect the transaction mechanics rather than an insider signaling buy/sell sentiment. Purchase transactions tend to carry more weight for interpreting insider confidence; here the filing documents the exchange of stock for merger consideration.