Richmond Mutual (RMBI) Market President William Daily Buys 285 Shares

What Happened William A. Daily Jr., Market President (West Ohio) of Richmond Mutual Bancorporation, acquired 284.574 shares via an open-market purchase (code P) on January 28, 2026. The shares were bought at $14.06 each for a total reported value of $4,001. This was a purchase transaction (an acquisition by an insider).

Key Details

• Transaction date and price: 2026-01-28 — 284.574 shares at $14.06 per share.
• Total value reported: $4,001.
• Shares owned after transaction: Not disclosed on the Form 4 filing.
• Footnote F1: "Vests in five equal annual installments commencing on June 30, 2026."
• Filing timeliness: Report filed Jan 30, 2026 (period of report Jan 28, 2026); filing appears timely (not marked late).
• Transaction code: P = Purchase.

Context This Form 4 reports a direct purchase by an executive rather than an option exercise, gift, or tax-related transfer. The footnote indicates the acquired shares are subject to a vesting schedule (five equal annual installments starting June 30, 2026), which can affect when the insider obtains full ownership. The filing alone does not explain the insider's motive. Purchases by insiders are often watched by retail investors as one data point among many when evaluating company signals.