ATLO Form 4: Ames National director increases stake to 5,380 shs

Rhea-AI Filing Summary

Ames National Corp (ATLO) director reported a small open-market stock purchase. On 11/21/2025, the reporting person bought 200 shares of Ames National Corp common stock at a price of $20.80 per share, coded as an "P" acquisition transaction. After this purchase, the director beneficially owns 5,380 shares of Ames National Corp common stock, held directly. This filing reflects routine insider ownership reporting rather than a major corporate event.

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

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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^*

Swartz Kevin L

(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)
11/21/2025

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	11/21/2025		P		200	A	$20.8	5,380	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	11/24/2025
	** 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.

FAQ

What insider transaction was reported for Ames National Corp (ATLO)?

A director of Ames National Corp (ATLO) reported buying 200 shares of common stock in an open-market transaction on 11/21/2025.

At what price were the Ames National Corp (ATLO) shares purchased in this Form 4?

The director purchased the 200 shares of Ames National Corp common stock at a price of $20.80 per share.

How many Ames National Corp (ATLO) shares does the insider now beneficially own?

Following the reported transaction, the director beneficially owns 5,380 shares of Ames National Corp common stock, held directly.

What does the transaction code "P" mean in the Ames National Corp (ATLO) Form 4?

The transaction code "P" indicates a purchase of Ames National Corp common stock, typically an open-market or private purchase.

What is the relationship of the reporting person to Ames National Corp (ATLO)?

The reporting person is identified as a Director of Ames National Corp.

Is this Ames National Corp (ATLO) Form 4 filed by one or multiple reporting persons?

The filing is indicated as a Form filed by One Reporting Person, not a joint filing.

Does this Ames National Corp (ATLO) Form 4 involve any derivative securities?

The provided details for this Form 4 show activity only in non-derivative common stock, with no derivative securities listed in Table II.