CB Financial (CBFV) Form 144: Insider Plans Sale of 5,042 Shares

CB Financial Services, Inc. (CBFV) submitted a Form 144 disclosing a proposed sale of 5,042 shares of common stock through Stifel Nicolaus on 09/17/2025 on Nasdaq, with an aggregate market value of $167,151.

Rhea-AI Filing Summary

CB Financial Services, Inc. (CBFV) submitted a Form 144 disclosing a proposed sale of 5,042 shares of common stock through Stifel Nicolaus on 09/17/2025 on Nasdaq, with an aggregate market value of $167,151. The filing states 4,985,558 shares are outstanding, showing the proposed sale represents a small fraction of total shares.

The shares were acquired by the seller on 12/16/2015 via an option exercise totaling 7,500 shares; the notice indicates cash payment for the sale. The filer reports no securities sold in the past three months and makes the standard representation that no undisclosed material adverse information is known.

Positive

• Timely disclosure of planned insider sale through Form 144, including broker and pricing details
• No sales by the filer in the past three months, per the filing

Negative

• Insider selling of 5,042 shares may be viewed negatively by some investors
• No trading plan date disclosed (no indication of a Rule 10b5-1 plan in the remarks)

Insights

Securities/Equity Analyst

TL;DR: Routine insider sale disclosed; size is modest relative to outstanding shares but represents insider liquidity.

The filing documents a proposed sale of 5,042 shares valued at $167,151 to be executed through Stifel Nicolaus on Nasdaq. Compared with the 4,985,558 shares outstanding, the sale is approximately 0.10% of the outstanding common stock, indicating limited direct dilution or market impact. The securities were originally acquired via option exercise in 2015, so this is an insider monetization of long-held equity rather than a new issuance.

Compliance / Corporate Governance Expert

TL;DR: Filing meets Rule 144 disclosure requirements; absence of recent sales and the representation clause are standard compliance elements.

The Form 144 includes key required details: broker information, number of shares, acquisition date and method, and statement regarding material non-public information. No sales in the prior three months are reported, and the filer affirms no undisclosed material adverse information. The filing does not reference a Rule 10b5-1 trading plan date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does CBFV's Form 144 disclose about the proposed sale?

Answer: It discloses a proposed sale of 5,042 common shares via Stifel Nicolaus on 09/17/2025, aggregate value $167,151.

How many CBFV shares are outstanding according to the filing?

Answer: The filing reports 4,985,558 shares outstanding.

When and how were the shares being sold originally acquired?

Answer: The seller acquired 7,500 shares on 12/16/2015 by option exercise.

Does the filing report any securities sold by the filer in the past three months?

Answer: The filing states "Nothing to Report" for securities sold during the past three months.

Through which broker will the CBFV shares be sold?

Answer: The shares are to be sold through Stifel Nicolaus & Company Inc.

Does the filing state whether payment will be cash or otherwise?

Answer: The proposed sale lists cash as the nature of payment.

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

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Accepted by SEC EDGAR 09/17/2025 - 04:20 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001423060
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CB Financial Services, Inc.
SEC File Number	001-36706
Address of Issuer	100 NORTH MARKET STREET CARMICHAELS PENNSYLVANIA 15320
Phone	(888) 223-8099
Name of Person for Whose Account the Securities are To Be Sold	GEORGE JENNIFER L
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Stifel Nicolaus & Company Inc 501 N Broadway St. Louis MO 63102	5042	167151.00	4985558	09/17/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	12/16/2015	Option Exercise	Issuer			7500	09/17/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/17/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Luca Lotito, as a duly authorized representative of STIFEL, as attorney-in-fact for Jennifer George
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)