Flake Anson 4
4 · LINKBANCORP, Inc. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
LINKBANCORP (LNKB) Director Flake Anson Disposes Shares
What Happened
- Flake Anson, a director of LINKBANCORP, reported dispositions to the issuer on 2026-05-01: 108,361 shares of common stock and 5,000 derivative shares. The filing does not report per-share prices or total sale values (listed as N/A). These dispositions are tied to the company’s merger with Burke & Herbert Financial Services Corp., under which LINKBANCORP shares were converted into rights to Burke & Herbert shares.
Key Details
- Transaction date: 2026-05-01; Transaction type: Disposition to issuer (code D); prices reported as N/A.
- Shares reported disposed: 108,361 common shares; 5,000 derivative shares (related to an option).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 — each LINKBANCORP share was converted into the right to receive 0.1350 shares of Burke & Herbert; fractional shares will be paid in cash. F2 — an option was converted into an option for Burke & Herbert stock with adjusted share and exercise-price math.
- Filing timeliness: Reported and filed on 2026-05-01 (same day as the reported transactions).
Context
- These dispositions reflect the merger conversion mechanics (share-for-share conversion and option conversion/cash-in-lieu for fractions), not an open-market sale or an outright purchase. For the derivative entry, the filing indicates the original option was converted under the merger terms rather than a typical option exercise/sale. As always, merger-driven transactions are procedural and should not be read alone as a signal of the insider’s view of the combined company.
Insider Transaction Report
Form 4Exit
Flake Anson
Director
Transactions
- Disposition to Issuer
Common Stock
[F1]2026-05-01−108,361→ 0 total - Disposition to Issuer
Stock Options
[F2]2026-05-01−5,000→ 0 totalExercise: $10.00From: 2020-06-14Exp: 2029-06-14→ 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