Blum E. Michael 4

What Happened
E. Michael Blum, a director of Richmond Mutual Bancorporation, exercised options (derivative transactions) on June 2, 2026. The filing shows an acquisition of 3,500 shares at an exercise price of $10.53 per share for a total of $36,855. The same report also lists a disposition of 3,500 shares at $0.00 (derivative), which appears to be an offsetting entry consistent with a net settlement or share withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-06-02 (reported on Form 4 filed 2026-06-04).
• Acquired: 3,500 shares at $10.53 each — total paid $36,855 (Code M = option exercise).
• Disposed: 3,500 shares at $0.00 (derivative) in the same filing (Code M).
• Shares owned after transaction: Not specified in the filing provided.
• Footnote: F1 — Fully exercisable.
• Timeliness: Filed two days after the transaction (6/4/2026 for 6/2/2026); no late filing flag indicated.

Context
For retail investors: an "M" code means options were exercised. When a matching zero-dollar disposition appears alongside an exercise, it commonly reflects net share settlement or shares withheld to cover the exercise cost and/or taxes, not an open-market sale. The filing is factual and does not indicate the director bought additional shares in the open market or sold shares for cash.