Cattie Christopher T 4

What Happened
Christopher T. Cattie, Chief Operating Officer of QNB CORP. (QNBC), exercised stock options to acquire 3,375 shares with an exercise price of $32.50 (total exercise cost $109,688). To satisfy tax withholding obligations, 2,933 of the issued shares were withheld/disposed at a reported value of $37.63 per share (total ~$110,369). Net result: Cattie retained 442 shares (3,375 exercised − 2,933 withheld).

Key Details

• Transaction date: February 12, 2026; Form 4 filed February 13, 2026 (timely).
• Option exercise: 3,375 shares @ $32.50 = $109,688 (code M).
• Tax withholding/disposition: 2,933 shares @ $37.63 = $110,369 (code F).
• Derivative/option reporting: a corresponding derivative entry shows the options converted/settled (reported as disposed).
• Shares owned after transaction: not specified in the provided data; net new shares retained from this event = 442.
• No 10b5-1 plan or other footnotes were provided in the supplied details.

Context
This was an option exercise with shares withheld to cover tax liabilities (a common, administrative transaction). The exercise resulted in a modest net increase in the executive’s holdings (442 shares). Exercises and withholding are routine insider filings and do not by themselves indicate the insider’s future view of the company.