LEHMAN KENNETH R 4

What Happened

• Kenneth R. Lehman, listed as a 10% owner of LINKBANCORP, disposed of 8,729,603 shares on 2026-05-01. The reported disposition is a "D" (disposition to the issuer) and shows no cash sale price because the shares were converted under a merger agreement rather than sold on the open market.

Key Details

• Transaction date: 2026-05-01. Transaction code: D (disposition to the issuer).
• Shares involved: 8,729,603 LINKBancorp shares; price: N/A (conversion, not a cash sale).
• Conversion terms (footnote): Under the Merger Agreement dated December 18, 2025, each LINKBancorp share was converted into the right to receive 0.1350 shares of Burke & Herbert Financial Services Corp.; cash will be paid in lieu of any fractional Burke & Herbert shares.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Reported on 2026-05-01 for the same transaction date (appears timely, not marked late).

Context

• This was not an open-market sale or a typical insider trade: the shares were surrendered as part of a corporate merger—effectively a conversion of holdings into the acquiror's stock (plus cash for fractions). For retail investors, note that 10% owners are large stakeholders and dispositions tied to mergers reflect deal mechanics rather than a personal decision to sell on market sentiment.