Flake Anson 4
Research Summary
AI-generated summary
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.