Cassabaum Michelle R 4

What Happened

• Michelle R. Cassabaum, a director of AMES NATIONAL CORP (ticker: ATLO), made an open-market purchase of 205 shares on 2026-02-27 at $27.25 per share, for a total transaction value of $5,586. This was a purchase (code P), not a sale.

Key Details

• Transaction date: 2026-02-27
• Price per share: $27.25
• Shares acquired: 205
• Total value: $5,586
• Transaction type: Open-market purchase (SEC code P)
• Shares owned after transaction: Not specified in the filing summary provided
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other special footnotes were indicated in the provided transaction details
• Filing timeliness: Report filed on 2026-02-27 (same day as the transaction date); no late filing indicated

Context

• Open-market purchases by directors are often viewed as a modest positive signal since insiders are buying stock, but this was a relatively small dollar amount ($5.6k), so its impact on the company’s outlook is limited. This was a straightforward buy—not an option exercise, gift, or sale—so no complex derivative mechanics apply. As always, purchases disclose action but do not prove motive or future performance.