Cutillo Barbara A 4

What Happened

• Barbara A. Cutillo, a director of Richmond Mutual Bancorporation, received 2,380 shares of RMBI common stock reported as an award/acquisition on 2026-07-01. The filing lists the price as N/A because the shares were issued in connection with a merger exchange rather than a cash purchase.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06.
• Shares acquired: 2,380; price reported: N/A (no cash paid).
• Shares owned after the transaction: not specified in the filing.
• Footnote: The shares were issued in exchange for common stock of The Farmers Bancorp as part of the merger; each Farmers share converted into the right to receive 3.40 shares of RMBI common stock.
• Filing timing: the Form 4 was filed five days after the transaction date (Form 4s are generally due within two business days), so this filing was submitted later than the typical reporting window.

Context

• This was not an open-market purchase or sale — it was a non-cash issuance resulting from the merger of Farmers into RMBI. Such merger-related issuances reflect corporate transaction mechanics rather than a director’s active buy or sell decision, so they should be interpreted differently than voluntary purchases or sales.