Chain Bridge Bancorp exec gifts 680 Class B shares
CHAIN BRIDGE BANCORP INC (CBNA) reported an insider Form 4 for David M. Evinger, President and Chief Risk Officer.
Rhea-AI Filing Summary
CHAIN BRIDGE BANCORP INC (CBNA) reported an insider Form 4 for David M. Evinger, President and Chief Risk Officer. Evinger made two bona fide gift transfers totaling 680 shares of Class B Common Stock, each share convertible into one share of Class A Common Stock and carrying no expiration date.
The gifted shares were previously held indirectly and co-owned with his adult children. After these gifts, Evinger reports no beneficial interest in those co-owned indirect shares, while his directly held shares are unaffected.
Positive
- None.
Negative
- None.
Insider Trade Summary
680 shares gifted
Gift
2 txns
Insider
Evinger David M.
Role
President, Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock F1 | 340 | $0.00 | $0.00 |
| Gift | Class B Common Stock F1 | 340 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 0 contracts (Direct)
Footnotes (1)
- F1. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date.
Key Figures
Gifted Class B Common Stock shares (transaction 1): 340 shares
Gifted Class B Common Stock shares (transaction 2): 340 shares
Total gifted Class B Common Stock shares: 680 shares
+2 more
5 metrics
Gifted Class B Common Stock shares (transaction 1)
340 shares
Bona fide gift on 2026-08-26
Gifted Class B Common Stock shares (transaction 2)
340 shares
Bona fide gift on 2026-08-26
Total gifted Class B Common Stock shares
680 shares
Two bona fide gifts reported in the transaction summary
Conversion ratio
1 Class B share into 1 Class A share
Each Class B share is convertible at any time at the option of the reporting person
Transaction price per gifted share
$0.0000 per share
Gifts reported with no consideration paid
Key Terms
bona fide gift, Class B Common Stock, Class A Common Stock, beneficial interest, +1 more
5 terms
bona fide gift regulatory
"The reported securities were transferred as bona fide gifts to the reporting"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Class B Common Stock financial
"security_title: "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
beneficial interest regulatory
"no longer holds any beneficial interest in the transferred securities"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
convertible financial
"Each share of Class B Common Stock is convertible at any time"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What insider transaction did CBNA executive David M. Evinger report on this Form 4?
David M. Evinger reported two bona fide gifts totaling 680 shares of Class B Common Stock on August 26, 2026. Each Class B share is convertible into one Class A share and has no expiration date.
How do the reported CBNA gifts affect David M. Evinger’s beneficial ownership?
Following the gifts, Evinger no longer holds any beneficial interest in the transferred, co-owned indirect shares. The filing states this zero beneficial ownership applies only to that co-owned indirect position and does not affect his directly held shares.
What is the relationship between CBNA’s Class B and Class A Common Stock in this filing?
Each share of Class B Common Stock is disclosed as convertible at any time into one share of Class A Common Stock at the option of the reporting person, and the Class B shares have no expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
