Chain Bridge Bancorp amended Form 4 shows 125-share TOD transfer
Rhea-AI Filing Summary
David M. Evinger, a director and officer (President, Chief Risk Officer) of Chain Bridge Bancorp, Inc. (CBNA), reported an amended Form 4 showing a transaction dated 08/18/2025. The amendment clarifies the title of the security. The report shows 125 shares of Class A Common Stock were disposed (Code J) at a reported price of $0, and that following the transaction the reporting person beneficially owns 125 shares indirectly in a TOD account held jointly with a spouse. The filing is an amendment to clarify details and documents the transfer into a transfer-on-death account rather than an outright sale.
Positive
- Amendment clarifies the title of the security, improving record accuracy.
- Transfer to a TOD account is explicitly disclosed and the filing states the shares remain beneficially owned indirectly.
Negative
- None.
Insights
TL;DR Amendment clarifies security title and records an indirect transfer into a TOD account; no additional material change disclosed.
The amended Form 4 confirms the reporting person is both a director and an officer and records a disposal entry for 125 shares of Class A common stock with a zero reported price and continued indirect beneficial ownership via a TOD account jointly held with a spouse. The amendment's stated purpose is to clarify the title of the security, which improves transparency for shareholders and regulators. There is no disclosure of compensation changes, additional grants, or derivative activity in this filing.
TL;DR Insider reported a transaction that maintains indirect ownership via TOD; filing is procedural and not materially market-moving.
The filing documents a transaction date of 08/18/2025 and shows a disposal line for 125 Class A common shares with price listed as $0, followed by an ownership position of 125 shares held indirectly. The explanatory note states the shares were transferred to a transfer-on-death account held jointly with the reporting person’s spouse. No option exercises, derivative positions, or changes in total beneficial position beyond this transfer are reported. Given the small size reported, this appears to be an administrative transfer rather than a substantive change to insider holdings.