[Form 3] CB Financial Services, Inc. (PA) Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

CB Financial Services, Inc. (CBFV) officer Bruce A. Sharp filed an initial Form 3 reporting his beneficial ownership. He directly owns 4,557 shares of common stock and indirectly owns 1,500 shares through an IRA. He also holds three option grants exercisable into common stock: 4,800 options (exercise $25.56) expiring 02/07/2032, 1,920 options (exercise $22.01) expiring 02/16/2033, and 4,280 options (exercise $22.12) expiring 02/16/2034. Restricted stock and option awards vest in 20% annual tranches starting on specified vesting commencement dates in 2023–2026. The form indicates he is SEVP & Chief Commercial Loan Officer and the filing was signed by Matthew Lawrence under power of attorney on 09/09/2025.

Positive

• Officer ownership disclosed: Reporting person holds 4,557 direct shares and 1,500 indirect shares (IRA), showing insider alignment with shareholders
• Long-dated incentive awards: Options expiring 2032–2034 and restricted stock vesting over multiple years align executive incentives with long-term performance

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine initial insider disclosure showing officer ownership and multi-year vested compensation schedule; no immediate red flags.

The Form 3 documents an officer-level insider position with both equity and option exposure to CBFV. Holdings combine 4,557 direct shares, 1,500 IRA-held shares, and option grants totaling 11,000 underlying shares across three option awards. Vesting schedules tied to multi-year tranches align executive incentives with multi-year performance. The exercise prices ($25.56, $22.01, $22.12) and long expirations (2032–2034) are typical for compensation packages. This is a disclosure of ownership, not a transaction or change in control, and appears standard from a governance perspective.

Securities Analyst

TL;DR: Disclosure provides transparency on insider alignment; ownership levels disclosed are modest and primarily compensation-based.

The filing indicates the officer’s economic exposure arises from restricted stock and stock options with staggered vesting starting in 2023 through 2026. Aggregate option coverage of 11,000 shares provides potential future dilution if exercised, but the Form 3 does not state total outstanding shares so materiality cannot be determined from this filing alone. No purchases, sales, or transfers are reported; this is an initial beneficial ownership statement required by Section 16.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Sharp Bruce A.

(Last) (First) (Middle)

100 N. MARKET STREET

(Street)

CARMICHAELS PA 15320

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/09/2025

3. Issuer Name and Ticker or Trading Symbol
CB Financial Services, Inc. [ CBFV ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP & Chief Comm Loan Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,557(1)(2)(3)	D
Common Stock	1,500	I	By IRA

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	02/07/2022	02/07/2032	Common Stock	4,800(4)	$25.56	D
Stock Options	02/16/2023	02/16/2033	Common Stock	1,920(5)	$22.01	D
Stock Options	02/16/2024	02/16/2034	Common Stock	4,280(6)	$22.12	D

Explanation of Responses:

1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2024.

2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2025.

3. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2026.

4. Stock options vest at a rate of 20% per year commencing on February 7, 2023.

5. Stock options vest at a rate of 20% per year commencing on February 16, 2024.

6. Stock options vest at a rate of 20% per year commencing on February 16, 2025.

	/s/ Matthew Lawrence, pursuant to power of attorney	09/09/2025
	** 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 5 (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 does Bruce A. Sharp own in CBFV according to the Form 3?

He directly owns 4,557 common shares and indirectly owns 1,500 shares via an IRA, plus options convertible into 11,000 common shares.

What are the exercise prices and expirations for Bruce A. Sharp’s options?

Options exercisable into common stock include 4,800 at $25.56 expiring 02/07/2032, 1,920 at $22.01 expiring 02/16/2033, and 4,280 at $22.12 expiring 02/16/2034.

What is Bruce A. Sharp’s role at CB Financial Services, Inc.?

He is reported as SEVP & Chief Commercial Loan Officer.

When do the restricted stock and options vest?

Restricted stock and options vest in 20% annual tranches with commencement dates in 2023, 2024, 2025, and 2026 depending on the award.

Does the Form 3 report any purchases or sales of CBFV shares?

No; the filing is an initial statement of beneficial ownership and does not report any purchase or sale transactions.