ATLO Director Buys 500 Shares at $17.18 – Insider Filing Form 4

Ames National Corp. (ATLO) Form 4 shows Director Jeffery C. Baker buying company stock.

Rhea-AI Filing Summary

Ames National Corp. (ATLO) Form 4 shows Director Jeffery C. Baker buying company stock. On 06/20/2025 he purchased 500 common shares at $17.18 each (transaction code “P”), increasing his direct holdings to 3,449 shares. No derivative transactions were reported.

The dollar value of the trade is approximately $8.6 thousand, a modest amount relative to typical insider activity and the company’s market capitalization (not disclosed in the filing). While insider buying can signal confidence, the small size suggests limited market impact.

Positive

• Insider buy: Director Jeffery C. Baker purchased 500 shares, signaling some confidence in ATLO stock.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small insider purchase; positive signal but immaterial overall.

Director Jeffery Baker’s 500-share purchase indicates personal confidence in ATLO, yet represents a minor monetary commitment (~$8.6k) and only raises his stake to 3,449 shares. The absence of additional insider activity or larger volume tempers the significance. For most investors, the filing is not materially impactful to the investment thesis, though it may offer a marginally positive sentiment cue.

Insider Trade Summary

Net Buyer: 500 shares

Net Buy 1 txn

Insider Baker Jeffery C

Role Director

Bought 500 shs ($9K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	500	$17.18	$9K

Holdings After Transaction: Common Stock — 3,449 shares (Direct)

FAQ

When did the ATLO insider transaction occur?

The purchase took place on June 20, 2025.

How many Ames National Corp. shares were bought?

Director Jeffery Baker bought 500 common shares.

What was the purchase price per share?

The shares were acquired at $17.18 each.

What is Jeffery Baker’s position at ATLO?

He is listed as a Director of Ames National Corp.

How many shares does the director own after the purchase?

His direct ownership totals 3,449 shares following the transaction.

Was the transaction a purchase or a sale?

The Form 4 records a purchase (transaction code “P”).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/23/2025 - 04:52 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baker Jeffery C

(Last) (First) (Middle)

PO BOX 846

(Street)

AMES IA 50010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMES NATIONAL CORP [ ATLO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/20/2025		P		500	A	$17.18	3,449	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	John P Nelson by power of attorney	06/23/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.