Ames National (ATLO) director adds 170 shares in open-market buy

Rhea-AI Filing Summary

Ames National Corp director Michelle R. Cassabaum reported an open-market purchase of 170 shares of Common Stock at a price of $28.83 per share. Following this transaction, she directly owns 9,988 shares of Ames National Corp common stock.

Insider Trade Summary

Net Buyer: 170 shares ($4,901)

Net Buy 1 txn

Insider Cassabaum Michelle R

Role null

Bought 170 shs ($5K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	170	$28.83	$5K

Holdings After Transaction: Common Stock — 9,988 shares (Direct, null)

Footnotes (1)

Key Figures

Shares purchased: 170 shares Purchase price: $28.83 per share Shares owned after transaction: 9,988 shares +1 more

4 metrics

Shares purchased 170 shares Open-market purchase of Ames National Corp Common Stock

Purchase price $28.83 per share Price paid for the 170-share open-market purchase

Shares owned after transaction 9,988 shares Director’s direct holdings following the reported trade

Net buy shares 170 shares Net buy direction in transaction summary

Key Terms

Common Stock, open-market purchase, Form 4, non-derivative

4 terms

Common Stock financial

"security_title: "Common Stock" in the reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

open-market purchase financial

"transaction_action: "open-market purchase" describing the trade type"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) for Ames National Corp"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"transaction_type: "non-derivative" for the common stock purchase"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Cassabaum Michelle R

(Last) (First) (Middle)

PO BOX 846

(Street)

AMES IOWA 50010

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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

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

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

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	05/29/2026		P		170	A	$28.83	9,988	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	05/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Ames National Corp (ATLO) disclose?

Ames National Corp reported that director Michelle R. Cassabaum bought 170 shares of Common Stock in an open-market transaction at $28.83 per share. The filing shows this as a non-derivative transaction on common stock.

Who is the insider involved in the latest ATLO Form 4 filing?

The insider is Michelle R. Cassabaum, a director of Ames National Corp. She reported a direct ownership purchase of 170 common shares, reflecting an open-market or private transaction coded as a purchase.

How many Ames National (ATLO) shares did the director buy and at what price?

Director Michelle R. Cassabaum bought 170 shares of Ames National Corp Common Stock at $28.83 per share. The transaction is identified as an open-market purchase of non-derivative common shares.

What are Michelle R. Cassabaum’s holdings in ATLO after the reported trade?

After the transaction, Michelle R. Cassabaum directly holds 9,988 shares of Ames National Corp Common Stock. This total reflects her position immediately following the 170-share open-market purchase reported in the filing.

Was the Ames National (ATLO) insider trade a buy or a sell?

The trade was a buy. The Form 4 classifies the transaction with code P as an open-market purchase, and the normalized data marks the direction as a net-buy of 170 common shares.