Commercial Bancgroup CEO acquires 14,167 shares

Q: What CBK stock transactions did Terry L. Lee report on September 29, 2026?

Lee reported 14,167 common shares acquired through conversion of restricted stock units, a grant of 4,753 restricted stock units, and 5,242 common shares delivered or withheld for payment of exercise price or tax liability. The reported price for the delivered-or-withheld shares was $31.56 per share.

Q: What CBK shares did Terry L. Lee report as indirectly held?

The ownership table lists 261,250 shares held by Lee's spouse and 238,050 shares held by Lee Holding Company, L.P. Lee is the partnership's general partner and disclaims beneficial ownership of its shares except to the extent of his pecuniary interest, if any.

Reported RSU vesting schedules run in approximately equal annual installments from September 29, 2026, through September 29, 2029.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Commercial Bancgroup, Inc. President and CEO and director Terry L. Lee reported conversion of 14,167 restricted stock units into common stock on September 29, 2026, and a separate 4,753-RSU grant. He also reported 5,242 shares delivered or withheld for payment of exercise price or tax liability; the reported price for those shares was $31.56 per share. Indirect holdings included 261,250 shares held by his spouse and 238,050 by Lee Holding Company, L.P.; Lee disclaimed beneficial ownership of the partnership-held shares except to the extent of his pecuniary interest, if any.

Insider Trade Summary

14,166.6 shares exercised/converted

Exercise 6 txns

Insider Lee Terry L

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F3}	14,166.6	$0.00	$0.00
Grant/Award	Restricted Stock Units ^{F4, F5}	4,753	$0.00	$0.00
Exercise	Common Stock ^F1	14,166.6	--	--
Exercise Price or Tax Liability	Common Stock	5,241.6	$31.56	$165K
holding	Common Stock	--	--	--
holding	Common Stock ^F2	--	--	--

Holdings After Transaction: Restricted Stock Units — 33,086.4 contracts (Direct); Common Stock — 263,850 shares (Direct); Common Stock — 261,250 shares (Indirect, By spouse); Common Stock — 238,050 shares (Indirect, By Lee Holding Company, L.P.)

Footnotes (5)

F1. These restricted stock units (collectively, the "RSUs" and each, an "RSU") were granted on September 29, 2025, pursuant to the Commercial Bancgroup, Inc. 2025 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of the issuer's common stock.
F2. The reporting person is the general partner of Lee Holding Company L.P. ("Lee Holding Company"). The reporting person disclaims beneficial ownership of the shares of the issuer's common stock held by Lee Holding Company except to the extent of his pecuniary interest therein, if any.
F3. The RSUs vest in three approximately equal annual installments on each of September 29, 2026, September 29, 2027 and September 29, 2028.
F4. These RSUs were granted on September 29, 2026, pursuant to the Plan. Each RSU represents a contingent right to receive one share of the issuer's common stock.
F5. The RSUs vest in three approximately equal annual installments on each of September 29, 2027, September 29, 2028 and September 29, 2029.

Key Figures

Common shares acquired through RSU conversion: 14,167 shares RSUs granted: 4,753 RSUs Shares delivered or withheld: 5,242 shares +3 more

6 metrics

Common shares acquired through RSU conversion 14,167 shares September 29, 2026

RSUs granted 4,753 RSUs September 29, 2026

Shares delivered or withheld 5,242 shares For payment of exercise price or tax liability

Reported transaction price $31.56 per share Delivered-or-withheld shares

Indirect shares held by spouse 261,250 shares Reported September 29, 2026

Indirect shares held by Lee Holding Company, L.P. 238,050 shares Reported September 29, 2026

Key Terms

restricted stock units, 2025 Omnibus Incentive Plan, pecuniary interest

3 terms

restricted stock units financial

"These restricted stock units (collectively, the “RSUs”)"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2025 Omnibus Incentive Plan technical

"pursuant to the Commercial Bancgroup, Inc. 2025 Omnibus Incentive Plan"

An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.

pecuniary interest technical

"except to the extent of his pecuniary interest therein, if any"

FAQ

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

What CBK stock transactions did Terry L. Lee report on September 29, 2026?

Lee reported 14,167 common shares acquired through conversion of restricted stock units, a grant of 4,753 restricted stock units, and 5,242 common shares delivered or withheld for payment of exercise price or tax liability. The reported price for the delivered-or-withheld shares was $31.56 per share.

What vesting schedules did Terry L. Lee report for CBK restricted stock units?

The RSUs converted on September 29, 2026, were granted September 29, 2025, and vest in three approximately equal annual installments on September 29, 2026, 2027 and 2028. The separate grant of 4,753 RSUs is scheduled to vest in three approximately equal annual installments on September 29, 2027, 2028 and 2029.

What CBK shares did Terry L. Lee report as indirectly held?

The ownership table lists 261,250 shares held by Lee's spouse and 238,050 shares held by Lee Holding Company, L.P. Lee is the partnership's general partner and disclaims beneficial ownership of its shares except to the extent of his pecuniary interest, if any.

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

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Available on EDGAR 10/01/2026 - 04:15 PM Accepted by SEC EDGAR 10/01/2026 - 04:15 PM

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^*

Lee Terry L

(Last)

(First)

(Middle)

C/O COMMERCIAL BANCGROUP, INC.

6710 CUMBERLAND GAP PARKWAY

(Street)

HARROGATE

TENNESSEE

37752

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Commercial Bancgroup, Inc. [ CBK ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/29/2026		M		14,166.6	A	⁽¹⁾	269,091.6	D
Common Stock	09/29/2026		F		5,241.6	D	$31.56	263,850	D
Common Stock								261,250	I	By spouse
Common Stock								238,050	I	By Lee Holding Company, L.P.⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units⁽¹⁾	⁽¹⁾	09/29/2026		M			14,166.6	⁽³⁾	⁽³⁾	Common Stock	14,166.6	$0	28,333.4	D
Restricted Stock Units⁽⁴⁾	⁽⁴⁾	09/29/2026		A		4,753		⁽⁵⁾	⁽⁵⁾	Common Stock	4,753	$0	4,753	D

Explanation of Responses:

1. These restricted stock units (collectively, the "RSUs" and each, an "RSU") were granted on September 29, 2025, pursuant to the Commercial Bancgroup, Inc. 2025 Omnibus Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of the issuer's common stock.

2. The reporting person is the general partner of Lee Holding Company L.P. ("Lee Holding Company"). The reporting person disclaims beneficial ownership of the shares of the issuer's common stock held by Lee Holding Company except to the extent of his pecuniary interest therein, if any.

3. The RSUs vest in three approximately equal annual installments on each of September 29, 2026, September 29, 2027 and September 29, 2028.

4. These RSUs were granted on September 29, 2026, pursuant to the Plan. Each RSU represents a contingent right to receive one share of the issuer's common stock.

5. The RSUs vest in three approximately equal annual installments on each of September 29, 2027, September 29, 2028 and September 29, 2029.

	/s/ Philip J. Metheny, attorney-in-fact	10/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR