CB Financial Services (CBFV) exec offloads 1,500 shares of stock
Rhea-AI Filing Summary
CB Financial Services, Inc. Chief Credit Officer Stephen Cobain reported an option exercise-and-sale transaction in CBFV stock. He exercised 1,500 stock options for common shares at an exercise price of $22.48 per share and received 1,500 common shares. On the same date, he sold 1,176 shares at $37.06, 316 shares at $37.25, and 8 shares at $37.40. Footnotes indicate that portions of his holdings include restricted stock and options that vest at 20% per year beginning on specified dates. He also continues to hold stock options on 2,688 underlying shares at a $22.12 exercise price expiring in 2034.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 1,500 shares ($22K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Cobain Stephen
Role
Chief Credit Officer
Sold
1,500 shs ($56K)
Approx. gross sale proceeds
$56K
Approx. exercise cost
$34K
Approx. pre-tax spread
$22K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options F5 | 1,500 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3, F4 | 1,500 | $22.48 | $34K |
| Sale | Common Stock F1, F2, F3, F4 | 1,176 | $37.06 | $44K |
| Sale | Common Stock F1, F2, F3, F4 | 316 | $37.25 | $12K |
| Sale | Common Stock F1, F2, F3, F4 | 8 | $37.40 | $299.20 |
| holding | Stock Options F6 | -- | -- | -- |
Holdings After Transaction:
Stock Options — 6,188 shares (Direct);
Common Stock — 4,313 shares (Direct)
Footnotes (6)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 30, 2023.
- F2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2025.
- F3. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2026.
- F4. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2027.
- F5. Stock option vest at a rate of 20% per year commencing on November 30, 2023.
- F6. Stock option vest at a rate of 20% per year commencing on February 16, 2025.
Key Figures
Options Exercised: 1,500 shares
Option Exercise Price: $22.48 per share
Shares Sold at $37.06: 1,176 shares
+5 more
8 metrics
Options Exercised
1,500 shares
Stock options for common stock exercised on August 14, 2026
Option Exercise Price
$22.48 per share
Exercise price for 1,500 stock options converted into common stock
Shares Sold at $37.06
1,176 shares
Common stock sale on August 14, 2026
Shares Sold at $37.25
316 shares
Common stock sale on August 14, 2026
Shares Sold at $37.40
8 shares
Common stock sale on August 14, 2026
Remaining Option Exercise Price
$22.12 per share
Exercise price of remaining stock options expiring February 16, 2034
Remaining Underlying Shares
2,688 shares
Underlying common stock for remaining stock options held directly
Vesting Rate
20% per year
Applies to certain restricted stock and stock options starting on specified dates
Key Terms
Stock Options, restricted stock, exercise price, expiration date, +1 more
5 terms
Stock Options financial
"The reporting person holds Stock Options on common stock"
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.
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year"
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.
exercise price financial
"conversion_or_exercise_price of 22.4800 per share for the options"
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.
expiration date financial
"Stock options have an expiration_date of 2034-02-16"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vesting financial
"Stock option vest at a rate of 20% per year commencing on November 30, 2023"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did CBFV Chief Credit Officer Stephen Cobain report in this Form 4?
Stephen Cobain reported a combined option exercise and share sale in CB Financial Services, Inc. (CBFV). He exercised 1,500 stock options at $22.48 per share and sold the resulting common shares in several transactions on the same date.
How many CBFV stock options did Stephen Cobain exercise and at what price?
Stephen Cobain exercised 1,500 stock options for CBFV common stock at an exercise price of $22.48 per share. These options were part of a grant that vests at 20% per year beginning November 30, 2023, according to the footnotes.
Does Stephen Cobain still hold CBFV stock options after these transactions?
Yes. After the reported exercise, he still holds stock options over 2,688 underlying CBFV shares with an exercise price of $22.12 per share. These options vest at 20% per year beginning February 16, 2025, and expire on February 16, 2034.
What do the restricted stock footnotes mean in Stephen Cobain’s CBFV Form 4?
The footnotes explain that some of Cobain’s CBFV holdings are restricted stock that vests 20% per year starting on specific dates (November 30, 2023, and February 16 of 2025, 2026, and 2027). These vesting conditions affect when he fully owns those shares.
Was Stephen Cobain’s CBFV trading reported as under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming plan use, and there is no footnote stating the trades were made under a Rule 10b5-1 trading plan, so the transactions are not identified as pre-arranged under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
