Cassabaum Michelle R 4

What Happened Michelle R. Cassabaum, a director of Ames National Corp. (ATLO), made an open-market purchase of 170 shares on 2026-05-29 at $28.83 per share, for a total cost of $4,901. This was a straightforward purchase (transaction code P), which is generally viewed as a direct acquisition of company stock rather than a derivative or award.

Key Details

• Transaction date: 2026-05-29
• Transaction type: Open-market purchase (Code: P)
• Price per share: $28.83
• Shares acquired: 170
• Total spent: $4,901
• Shares owned after transaction: not reported in the details provided
• Footnotes/plan: no 10b5-1 plan, tax withholding, or other special footnotes reported in the supplied record
• Filing timeliness: Form filed on 2026-05-29 (same day as the reported transaction), indicating a timely filing

Context This was a small director purchase rather than a sale or option exercise. While any insider purchase can be of interest to retail investors as a sign of confidence, the size here (~$4.9K) is modest and should be weighed with broader ownership trends and company fundamentals. The transaction appears routine and does not include complicating factors like a cashless exercise or gift.