Ames National (ATLO) director adds 205 shares in open-market buy

Rhea-AI Filing Summary

Ames National Corp director Michelle R. Cassabaum bought additional shares of the company. On February 27, 2026, she made an open-market purchase of 205 shares of common stock at $27.25 per share. After this transaction, she directly owns 9,734 shares of Ames National common stock.

Insider Trade Summary

Net Buyer: 205 shares ($5,586)

Net Buy 1 txn

Insider Cassabaum Michelle R

Role Director

Bought 205 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	205	$27.25	$6K

Holdings After Transaction: Common Stock — 9,734 shares (Direct)

Footnotes (1)

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 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)
02/27/2026

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	02/27/2026		P		205	A	$27.25	9,734	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	02/27/2026
	** 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.

FAQ

What insider transaction did Ames National Corp (ATLO) report for Michelle R. Cassabaum?

Ames National Corp reported that director Michelle R. Cassabaum bought 205 shares of common stock in an open-market purchase. The shares were acquired at $27.25 per share, increasing her direct ownership to 9,734 shares after the transaction.

Was the ATLO insider transaction by Michelle R. Cassabaum a buy or a sell?

The ATLO insider transaction was a buy. Director Michelle R. Cassabaum executed an open-market purchase of 205 shares of Ames National common stock at $27.25 per share, increasing her directly held position to a total of 9,734 shares.

How many Ames National (ATLO) shares does Michelle R. Cassabaum own after this Form 4 filing?

Following the reported transaction, Michelle R. Cassabaum directly owns 9,734 shares of Ames National common stock. This total reflects the addition of 205 shares purchased on February 27, 2026, at a price of $27.25 per share in the open market.

At what price did Michelle R. Cassabaum purchase Ames National Corp (ATLO) shares?

Michelle R. Cassabaum purchased Ames National Corp common stock at $27.25 per share. The Form 4 shows she bought 205 shares in an open-market transaction on February 27, 2026, bringing her total directly owned position to 9,734 shares.

What type of transaction is reported in this Ames National (ATLO) Form 4?

The Form 4 reports an open-market purchase of Ames National common stock by director Michelle R. Cassabaum. She acquired 205 shares at $27.25 per share, and her direct ownership stake increased to 9,734 shares following this single reported transaction.