Chain Bridge Bancorp (CBNA) Insider Purchase — 400 Shares at $29.81
Rhea-AI Filing Summary
Chain Bridge Bancorp, Inc. (CBNA) Form 4/A reports an insider purchase and ownership details for a company director. The filing, amended on 09/02/2025, shows a transaction dated 08/29/2025 in which the reporting person purchased 400 shares of Class A common stock at a price of $29.8098 per share. After the reported transaction the filing shows 400 Class A shares beneficially owned directly. The filing also reports 170 shares of Class B common stock beneficially owned (Class B shares are convertible into Class A shares at the holder's election).
The form identifies the reporting person as a director and was signed by Hilary Albrecht on 09/02/2025. No derivative transactions, option grants, or other material financial figures are included in this filing.
Positive
- Director purchased 400 Class A shares at $29.8098, a clear insider purchase disclosed on Form 4/A
- Disclosure includes convertible Class B holdings (170 shares), with conversion rights explicitly noted
Negative
- None.
Insights
TL;DR: Director purchased 400 Class A shares at $29.8098; ownership includes 170 convertible Class B shares.
The transaction is a straightforward open-market purchase (reported with code P) of 400 Class A shares at $29.8098 on 08/29/2025, with the reporting person listed as a director. The filing was amended and signed on 09/02/2025. The disclosure also shows 170 Class B shares held beneficially, which the filer notes are convertible to Class A at the holder's election. For investors, this is a routine Section 16 disclosure of insider activity; the size of the purchase relative to total outstanding shares is not stated, so materiality cannot be assessed from this filing alone.
TL;DR: Routine insider purchase by a director; amendment and signature complete regulatory disclosure requirements.
The amended Form 4 clarifies an insider purchase and reports existing beneficial holdings including a convertible Class B block. The filing meets Section 16 disclosure norms by identifying relationship (director), transaction details (date, amount, price), and conversion rights for Class B shares. The filing does not disclose any executive changes, option exercises, or compensatory awards. Impact appears procedural and informational rather than material to company operations.
FAQ
What insider transaction did Chain Bridge Bancorp (CBNA) report on this Form 4/A?
Who is the reporting person in the CBNA Form 4/A?
How many shares does the reporting person beneficially own after the transaction?
Are the Class B shares convertible to Class A in this filing?
Was this Form 4 a new filing or an amendment?