Valentino Carroll Ann 4

What Happened

• Ann Valentino Carroll, Chief Operations Officer of Richmond Mutual Bancorporation, received 6,256 shares of RMBI common stock on July 1, 2026. The reported transaction is coded as an "A" (grant/award/other acquisition); price is listed as N/A because the shares were issued in connection with a merger rather than bought in the market. No cash purchase price was paid.

Key Details

• Transaction date: 2026-07-01 (reported on Form 4 filed 2026-07-06).
• Transaction type/code: A — grant/award/other acquisition (merger conversion).
• Shares acquired: 6,256 RMBI common shares; price: N/A (no cash paid).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnote: shares were received in exchange for Farmers Bancorp common stock in the merger; each Farmers share converted into 3.40 shares of RMBI common stock per the merger agreement.
• Filing timeliness: Form 4 was filed five days after the transaction (normally Form 4 is due within 2 business days), so this appears to be a late filing.

Context

• These shares were issued as part of the merger consideration (conversion of Farmers shares) rather than an open-market purchase or option exercise. Such merger-related issuances reflect corporate transaction mechanics and are not direct signals of insider buying or selling intent.