Burke & Herbert (BHRB) president corrects SAR share count in amended Form 4

Rhea-AI Filing Summary

Burke & Herbert Financial Services Corp. director and President MADDY H CHARLES III reported a Form 4/A amendment reflecting a Code F disposition of 12,545 shares of Common Stock at $67.85 per share, delivered or withheld for payment of exercise price or tax liability. Following this transaction, the insider directly held 46,477 shares. The amendment corrects the number of shares issued upon settlement of stock-settled SARs exercised on June 25, 2026, revising the figure from 3,554 shares to 3,389 shares based on the final fair market value on the exercise date.

Insider Trade Summary

Net Seller: 12,545 shares

Net Sell 1 txn

Insider MADDY H CHARLES III

Role President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock F1	12,545	$67.85	$851K

Holdings After Transaction: Common Stock — 46,477 shares (Direct)

Footnotes (1)

1. F1. This Form 4/A is being filed to amend the Form 4 filed on June 29, 2026 to correct the number of shares of Common Stock issued upon settlement of stock-settled SARs exercised on June 25, 2026. The original filing used an estimated fair market value to calculate the number of shares deliverable upon settlement; following final calculation of the fair market value on the exercise date, the number of shares issued was adjusted from 3,554 shares to 3,389 shares. This amendment restates the affected line item in Table I accordingly.

Key Figures

Shares delivered/withheld: 12,545 shares Transaction price per share: $67.85 Shares held after transaction: 46,477 shares +2 more

5 metrics

Shares delivered/withheld 12,545 shares Code F disposition for payment of exercise price or tax liability on June 25, 2026

Transaction price per share $67.85 Price per share for the 12,545-share Code F disposition

Shares held after transaction 46,477 shares Direct Common Stock ownership following the reported transaction

Corrected SARs shares issued 3,389 shares Shares issued upon settlement of stock-settled SARs on June 25, 2026 after correction

Originally reported SARs shares 3,554 shares Initial, now corrected, number of shares issued upon SAR settlement

Key Terms

Code F, stock-settled SARs, fair market value, exercise price

4 terms

Code F regulatory

"The filing records a Code F disposition for payment of exercise price or tax liability"

stock-settled SARs financial

"correct the number of shares of Common Stock issued upon settlement of stock-settled SARs exercised"

fair market value financial

"following final calculation of the fair market value on the exercise date, the number of shares issued was adjusted"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

exercise price financial

"Payment of exercise price or tax liability by delivering or withholding securities"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

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

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Available on EDGAR 08/12/2026 - 01:34 PM Accepted by SEC EDGAR 08/12/2026 - 01:33 PM Learn about SEC filing dates

FAQ

What did insider MADDY H CHARLES III report in this amended Form 4/A for BHRB?

The insider reported a Code F disposition of 12,545 Common shares at $67.85 per share, delivered or withheld to cover exercise price or tax liability, with 46,477 shares held directly afterward.

Why was the Form 4 for Burke & Herbert (BHRB) amended?

The Form 4 was amended to correct the number of shares issued upon settlement of stock-settled SARs on June 25, 2026, changing the reported amount from 3,554 shares to 3,389 shares after final fair market value calculations.

How many Burke & Herbert (BHRB) shares did the insider deliver or withhold?

The filing shows 12,545 Common shares were delivered or withheld at $67.85 per share as payment of exercise price or tax liability, consistent with a Code F transaction classification.

What is the insider’s direct ownership in BHRB after this transaction?

After the reported disposition, the insider directly held 46,477 shares of Burke & Herbert Financial Services Corp. Common Stock, as stated in the post-transaction holdings field of the filing.

What correction was made to the stock-settled SARs in the BHRB Form 4/A?

The correction updated the shares issued upon SAR settlement on June 25, 2026 from 3,554 shares to 3,389 shares, reflecting the final fair market value determined on the exercise date.

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^*

MADDY H CHARLES III

(Last) (First) (Middle)

100 SOUTH FAIRFAX STREET

(Street)

ALEXANDRIA VIRGINIA 22314

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Burke & Herbert Financial Services Corp. [ BHRB ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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)
06/29/2026

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	06/25/2026		F		12,545(1)	D	$67.85	46,477	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:

1. This Form 4/A is being filed to amend the Form 4 filed on June 29, 2026 to correct the number of shares of Common Stock issued upon settlement of stock-settled SARs exercised on June 25, 2026. The original filing used an estimated fair market value to calculate the number of shares deliverable upon settlement; following final calculation of the fair market value on the exercise date, the number of shares issued was adjusted from 3,554 shares to 3,389 shares. This amendment restates the affected line item in Table I accordingly.

Remarks:

	/s/ Matthew Rucker, as Attorney-in-Fact for H. Charles Maddy III	08/12/2026
	** 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)