STOCK TITAN

CB Financial Services director acquires 2,810 shares

His reported option holdings also included 5,870 underlying shares at a $22.12 exercise price, expiring February 16, 2034.

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Form Type
4

Rhea-AI Filing Summary

CB Financial Services, Inc. director Ralph Burchianti exercised stock options on November 3, 2026, to acquire 2,810 common shares at an exercise price of $26.45 per share. He reported 82,533 directly held common shares afterward. The option data also lists four other option tranches. Separately, an investment club owns 2,200 issuer shares; Burchianti has a 16.6% interest in the club and disclaims beneficial ownership of 1,834 shares.

Insider Burchianti Ralph
Role Director
Type Security Shares Price Value
Exercise Stock Options -- $0.00 --
Exercise Common Stock F1, F2, F3, F4, F5 2,810 $26.45 $74K
Holding Stock Options F8 -- -- --
Holding Stock Options F7 -- -- --
Holding Stock Options F6 -- -- --
Holding Stock Options -- -- --
Holding Common Stock F9 -- -- --
Holdings After Transaction: Stock Options — 18,150 contracts (Direct); Common Stock — 82,533 shares (Direct); Common Stock — 2,200 shares (Indirect, By Investment Club)
Footnotes (9)
  1. F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2023.
  2. F2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2024.
  3. F3. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2025.
  4. F4. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2026.
  5. F5. Includes shares of restricted stock which vest 100% on February 16, 2027.
  6. F6. Stock options vest at a rate of 20% per year commencing on February 16, 2023.
  7. F7. Stock options vest at a rate of 20% per year commencing on February 16, 2024.
  8. F8. Stock options vest at a rate of 20% per year commencing on February 16, 2025.
  9. F9. The investment club owns a total of 2,200 shares of the issuer's common stock. Mr. Burchianti has a 16.6% interest in the investment club and disclaims beneficial ownership with respect to 1,834 shares.
Shares acquired through option exercise 2,810 shares November 3, 2026
Exercise price $26.45 per share Option exercise on November 3, 2026
Direct common shares after transaction 82,533 shares Reported after the November 3, 2026 transaction
Reported option position 5,870 underlying shares; $22.12 exercise price; expiration February 16, 2034 Reported November 3, 2026
Reported option position 3,800 underlying shares; $22.01 exercise price; expiration February 16, 2033 Reported November 3, 2026
Reported option position 5,200 underlying shares; $26.45 exercise price; expiration February 16, 2032 Reported November 3, 2026
Reported option position 3,280 underlying shares; $30.75 exercise price; expiration December 16, 2027 Reported November 3, 2026
Stock options technical
"Stock options vest at a rate of 20% per year"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Exercise price financial
"conversion_or_exercise_price: 26.4500"
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.
Restricted stock financial
"Includes shares of restricted stock which vest"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Beneficial ownership regulatory
"disclaims beneficial ownership with respect to 1,834 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

How many CBFV shares did director Ralph Burchianti acquire through option exercise?

Ralph Burchianti exercised options to acquire 2,810 CBFV common shares on November 3, 2026, at $26.45 per share. He reported 82,533 directly held common shares afterward.

What CBFV options did Ralph Burchianti still hold?

The reported option positions included 5,870 underlying shares at a $22.12 exercise price, expiring February 16, 2034; 3,800 at $22.01, expiring February 16, 2033; 5,200 at $26.45, expiring February 16, 2032; and 3,280 at $30.75, expiring December 16, 2027.

What vesting schedules are included in Ralph Burchianti's reported CBFV shares?

The reported post-transaction share amount includes restricted stock vesting at 20% per year beginning February 16, 2023, February 16, 2024, February 16, 2025, and February 16, 2026, and restricted stock vesting 100% on February 16, 2027.

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

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SEC Form 4
FORM 4UNITED 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*
Burchianti Ralph

(Last)(First)(Middle)
100 N. MARKET STREET

(Street)
CARMICHAELS PENNSYLVANIA 15320

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CB Financial Services, Inc. [ CBFV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock11/03/2026M2,810A$26.4582,533(1)(2)(3)(4)(5)D
Common Stock2,200(9)IBy Investment Club
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options$26.4511/03/2026M$2,81012/16/201712/16/2026Common Stock2,810$00D
Stock Options$22.1202/16/202502/16/2034Common Stock5,870(8)5,870(8)D
Stock Options$22.0102/16/202402/16/2033Common Stock3,800(7)3,800(7)D
Stock Options$26.4502/16/202302/16/2032Common Stock5,200(6)5,200(6)D
Stock Options$30.7512/15/201812/16/2027Common Stock3,2803,280D
Explanation of Responses:
1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2023.
2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2024.
3. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2025.
4. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2026.
5. Includes shares of restricted stock which vest 100% on February 16, 2027.
6. Stock options vest at a rate of 20% per year commencing on February 16, 2023.
7. Stock options vest at a rate of 20% per year commencing on February 16, 2024.
8. Stock options vest at a rate of 20% per year commencing on February 16, 2025.
9. The investment club owns a total of 2,200 shares of the issuer's common stock. Mr. Burchianti has a 16.6% interest in the investment club and disclaims beneficial ownership with respect to 1,834 shares.
/s/ Matthew Lawrence, pursuant to power of attorney11/04/2026
** Signature of Reporting PersonDate
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)

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