Stephon Kenneth John 4

What Happened

• Stephon Kenneth John, Chief Corporate Development Officer and Director of Mid Penn Bancorp, disposed of 0.818 shares on 2026-02-24 at $32.58 per share, for a total cash amount of approximately $27. The transaction is reported as an open-market or private sale (code S).
• The filing notes this fractional share was liquidated for cash as part of rolling Mid Penn Bancorp common stock from Mr. John's William Penn Bank 401(k) plan into his individual IRA; the rollover transaction had been initiated but was still in process as of the filing date (2026-02-26).

Key Details

• Transaction date: 2026-02-24
• Amount: 0.818 shares at $32.58 — proceeds ~$27
• Transaction type/code: Sale (S) — open market or private sale
• Shares owned after transaction: Not specified in the provided filing
• Notable footnotes:
  • F1: Fractional-share liquidation tied to a 401(k) → IRA rollover; transaction in process as of filing.
  • F2: Changes reflect exempt transactions under Rule 16b-3(c).
  • F3/F4: The form also references restricted stock and stock option grants under the William Penn Bancorporation 2022 Equity Incentive Plan that vest ratably over five years beginning May 17, 2023.
• Filing timeliness: No late-filing flag indicated in the provided data.

Context

• This is a very small, administrative disposal (fractional-share cash-out) related to a retirement-plan rollover, not a large open-market sale. Such fractional liquidations are common when moving retirement holdings and do not necessarily indicate a change in the insider’s view of the company.
• Code S denotes a sale/disposition; F2 notes the reported changes are treated as exempt under Rule 16b-3(c). The filing also clarifies the rollover process was underway but not fully complete at filing.