Commercial Bancgroup (CBK) chair details LP and trust share transfers
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Commercial Bancgroup, Inc. Executive Chairperson John Adam Robertson reported a series of internal equity restructurings involving shares of Common Stock held through affiliated entities. The filing reflects transfers coded as “J” (other acquisition or disposition) with no purchase price and no open‑market trading.
Footnotes explain that shares were moved from Robertson Holding Company, L.P. to the Edwin G. Robertson Children’s Irrevocable Trust and another family trust as part of a distribution of Robertson Holding’s assets to its limited partners, with no specific price paid for the transfers. Robertson is one of two general partners of Robertson Holding and sole trustee of the children’s trust, but disclaims beneficial ownership of those indirect holdings except to the extent of any pecuniary interest.
After these changes, holdings shown include 45,800.5 shares held directly and 3,750 shares held indirectly through a spouse, along with indirect positions held through the family limited partnership and trust structures.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Robertson John Adam
Role
Executive Chairperson
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 545,730.5 | $0.00 | -- |
| Other | Common Stock | 545,730 | $0.00 | -- |
| Other | Common Stock | 556,465 | $0.00 | -- |
| Other | Common Stock | 556,466 | $0.00 | -- |
| Other | Common Stock | 556,466 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| Other | Common Stock | 556,465 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By Robertson Holding Company, L.P.);
Common Stock — 45,800.5 shares (Direct, null)
Footnotes (1)
- The reporting person is one of the two general partners of Robertson Holding Company, L.P. ("Robertson Holding"). The reporting person disclaims any beneficial ownership of the shares of common stock, par value $0.01 per share ("Common Stock"), of Commercial Bancgroup, Inc. held by Robertson Holding, except to the extent of his pecuniary interest therein, if any. The reporting person is the sole trustee of the Edwin G. Robertson Children's Irrevocable Trust (the "EGR Trust"), and the reporting person and members of his immediate family are the sole beneficiaries of the EGR Trust. The reporting person disclaims beneficial ownership of the securities held by the EGR Trust except to the extent of his pecuniary interest therein, if any. Transfer of shares of Common Stock from Robertson Holding to the EGR Trust and Craig E. Robertson Children's Irrevocable Trust (the "CER Trust"), respectively, in connection with the distribution of the assets of Robertson Holding to its limited partners. No purchase price was paid specifically for the transfer of such shares of Common Stock to the EGR Trust and CER Trust. Includes 26,659 shares of Common Stock held by the reporting person jointly with the reporting person's spouse.
Key Figures
Restructuring shares: 3,317,322.5 shares
Trust transfer on Mar 3, 2026: 556,466 shares
LP holdings after Mar 3, 2026 transfer: 1,647,925.5 shares
+4 more
7 metrics
Restructuring shares
3,317,322.5 shares
Total shares in restructuring-type transactions (code J)
Trust transfer on Mar 3, 2026
556,466 shares
Common Stock held by Edwin G. Robertson Children’s Irrevocable Trust after code J transaction
LP holdings after Mar 3, 2026 transfer
1,647,925.5 shares
Common Stock held indirectly by Robertson Holding Company, L.P. after code J transaction
Direct holdings
45,800.5 shares
Common Stock held directly by the reporting person as of Mar 3, 2026
Spousal holdings
3,750 shares
Common Stock held indirectly through spouse as of Mar 3, 2026
Par value
$0.01 per share
Par value of Commercial Bancgroup Common Stock referenced in footnotes
Transfer price
$0.0000 per share
Price per share for code J restructuring transfers
Key Terms
Form 4, beneficial ownership, pecuniary interest, irrevocable trust, +2 more
6 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
beneficial ownership financial
"The reporting person disclaims any beneficial ownership of the shares of common stock"
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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
irrevocable trust financial
"Edwin G. Robertson Children's Irrevocable Trust (the "EGR Trust")"
limited partners financial
"in connection with the distribution of the assets of Robertson Holding to its limited partners"
Limited partners are investors who provide most of the capital to an investment partnership but do not run its day-to-day business; they have liability only up to the amount they invested. Think of them as silent backers who hire a manager to make decisions and share in profits or losses; their importance to investors lies in shaping how much money a fund can deploy, the risk and return profile they receive, and the liquidity and fees associated with that investment.
transaction code J regulatory
"transaction_code": "J", "transaction_code_description": "Other acquisition or disposition""
FAQ
What insider transactions did Commercial Bancgroup (CBK) report on this Form 4?
The Form 4 reports several code J transactions, reflecting internal restructuring of Common Stock holdings through Robertson Holding Company, L.P. and family trusts. No purchase price was paid, and the activity did not involve open-market buying or selling of CBK shares.
What are John Adam Robertson’s direct and spousal CBK holdings after these transactions?
After the reported changes, the filing shows 45,800.5 shares of Commercial Bancgroup Common Stock held directly and 3,750 shares held indirectly through Robertson’s spouse. These positions are separate from larger indirect interests held via partnership and trust entities.
What role does the Edwin G. Robertson Children’s Irrevocable Trust play in CBK ownership?
The reporting person is sole trustee of the Edwin G. Robertson Children’s Irrevocable Trust, and his family are its beneficiaries. The trust holds CBK shares, and he disclaims beneficial ownership of those securities except for any pecuniary interest, reflecting a fiduciary rather than outright ownership role.