[Form 4] CB Financial Services, Inc. Insider Trading Activity

Rhea-AI Filing Summary

CB Financial Services, Inc. (CBFV) senior executive Matthew Lawrence, SEVP & Chief Commercial Loan Officer, reported a purchase of common stock. On 11/18/2025, he acquired 1,000 shares of CBFV common stock in an open-market purchase at $32.80 per share, held indirectly through his mother's IRA.

After this transaction, he reports beneficial ownership of 4,557 common shares held directly and additional indirect holdings, including 1,000 shares by his mother's IRA and 1,500 shares by his IRA. He also holds stock options covering 4,800, 1,920, and 4,280 shares of common stock, with exercise prices between $22.01 and $25.56 and expirations from 02/07/2032 to 02/16/2034. These options and certain restricted shares vest at 20% per year starting in 2024, 2025, and 2026.

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^*

Sharp Bruce A.

(Last) (First) (Middle)

100 N. MARKET STREET

(Street)

CARMICHAELS PA 15320

(City) (State) (Zip)

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

5. 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

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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	11/18/2025		P		1,000	A	$32.8	1,000	I	By Mother's IRA
Common Stock								4,557(1)(2)(3)	D
Common Stock								1,500	I	By IRA

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
Stock Options	$25.56							02/07/2023	02/07/2032	Common Stock	4,800(4)		4,800(4)	D
Stock Options	$22.01							02/16/2024	02/16/2033	Common Stock	1,920(5)		1,920(5)	D
Stock Options	$22.12							02/16/2025	02/16/2034	Common Stock	4,280(6)		4,280(6)	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, 2024.

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

6. Stock options vest at a rate of 20% per year commencing on February 16, 2026.

	/s/ Matthew Lawrence, pursuant to power of attorney	11/19/2025
	** 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 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 CBFV report on this Form 4?

The filing reports that Matthew Lawrence, SEVP & Chief Commercial Loan Officer of CB Financial Services, Inc. (CBFV), purchased 1,000 shares of common stock on 11/18/2025 in an open-market transaction.

At what price did the CBFV officer buy the 1,000 shares?

The 1,000 CBFV common shares were acquired at a price of $32.80 per share.

How many CBFV shares does the reporting person beneficially own after the transaction?

After the reported transaction, Matthew Lawrence beneficially owns 4,557 shares of CBFV common stock directly, plus indirect holdings of 1,000 shares through his mother's IRA and 1,500 shares through his IRA.

How are the newly purchased CBFV shares held?

The newly purchased 1,000 CBFV shares are held indirectly through the reporting person's mother's IRA.

What stock options on CBFV does the reporting person hold?

Matthew Lawrence holds stock options on CBFV common stock for 4,800 shares at $25.56, 1,920 shares at $22.01, and 4,280 shares at $22.12, with expirations between 02/07/2032 and 02/16/2034.

What are the vesting terms for CBFV restricted stock and options held by the insider?

The filing states that certain restricted shares and stock options vest at a rate of 20% per year, commencing on February 7, 2024, February 16, 2024, February 16, 2025, and February 16, 2026, depending on the specific grant.