Cassabaum Michelle R 4

What Happened
Michelle R. Cassabaum, a director of Ames National Corp (ATLO), purchased 84 shares in an open-market transaction on April 30, 2026. The shares were acquired at $28.08 per share for a reported total of $2,359. This was a purchase (transaction code P), which is a direct buy of common stock rather than a sale or derivative exercise.

Key Details

• Transaction date: 2026-04-30
• Transaction type/code: Open market purchase (P)
• Price per share: $28.08
• Total reported value: $2,359 (as reported on the Form 4)
• Shares owned after transaction: Not disclosed in the provided filing summary
• Footnotes/plan disclosures: None indicated (no 10b5-1 plan, tax withholding, or derivative activity mentioned)
• Filing timeliness: Filed on 2026-04-30 for the 2026-04-30 transaction—no late filing indicated

Context
Open-market purchases by directors can signal confidence, but this is a relatively small purchase amount. Because the post-transaction holdings aren’t shown here and there are no accompanying disclosures (e.g., 10b5-1 plan), avoid inferring broader insider conviction from this single, modest buy.