CCNE Form 4: SVP & CRO Anna Andersen purchased 42 shares and disposed 3,028.79

Rhea-AI Filing Summary

Anna K. Andersen, who is listed as SVP & Chief Risk Officer and a director of CNB Financial Corp/PA (ticker: CCNE), reported transactions in the issuer's common stock dated 08/12/2025. The filing shows a purchase of 42 shares at a price of $23.54 and a reported disposition of 3,028.79 shares.

The form also records indirect beneficial ownership including 1,599.456 shares held through a 401(k) plan and 541.95 shares held indirectly by a spouse. An explanatory note states the beneficial ownership amounts were adjusted to reflect the latest 401(k) statement. Some table fields in the filing appear fragmented but the key transactions and ownership classifications (direct/indirect) are stated.

Positive

• Officer reported a purchase of 42 shares at $23.54, indicating continued direct investment by management
• Indirect ownership via a 401(k) plan (1,599.456 shares) and spouse (541.95 shares) signals ongoing alignment with company equity

Negative

• Disposition of 3,028.79 shares is sizeable relative to the other reported transactions and may warrant investor attention
• Tabular layout is partially fragmented, making some fields harder to interpret directly from the filing

Insights

Securities Analyst

TL;DR: Insider traded both directions: a small purchase and a large disposition, with material indirect holdings noted.

The filing documents a purchase of 42 shares at $23.54 alongside a disposition of 3,028.79 shares on 08/12/2025 by Anna K. Andersen, an officer and director of CCNE. The coexistence of a modest buy and a substantially larger sell is factual in the filing but the form does not provide rationale. Reported indirect ownership—1,599.456 shares via a 401(k) and 541.95 shares via spouse—is explicitly stated and was adjusted per the 401(k) statement. For impact, the numbers are material only relative to total outstanding shares; the filing itself does not provide that context.

Corporate Governance Expert

TL;DR: Disclosure is complete on ownership and roles, but layout ambiguity limits interpretability of some table entries.

The report identifies Andersen as both an officer (SVP & Chief Risk Officer) and a director, fulfilling Section 16 reporting obligations. It lists direct and indirect holdings and a transaction coded as P (purchase) and D (disposition), with an explanatory note about 401(k) adjustments. While the filing meets basic disclosure standards, portions of the tabular data appear fragmented, which could impede quick investor interpretation; the substantive facts themselves are presented.

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^*

Andersen Anna K

(Last) (First) (Middle)

31 S 2ND STREET

(Street)

CLEARFIELD PA 16830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CNB FINANCIAL CORP/PA [ CCNE ]

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

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	SVP & Chief Risk Officer		Individual

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2025		P	V	42	A	$23.54	541.95	I	Spouse
Common Stock								3,028.79	D
Common Stock								1,599.456(1)	I	by 401K plan

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The amount of securities beneficially owned have been adjusted to reflect the latest 401K plan statement.

Remarks:

	/s/ Jessica A. Zupich, Attorney-in-Fact	08/14/2025
	** 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.

FAQ

What did CNB Financial (CCNE) insider Anna K. Andersen report on 08/12/2025?

The Form 4 shows a purchase of 42 shares at $23.54 and a disposition of 3,028.79 shares dated 08/12/2025.

What is Anna K. Andersen's role at CCNE as reported on the form?

She is listed as SVP & Chief Risk Officer and a director of CNB Financial Corp/PA.

Does the filing show indirect holdings for the reporting person?

Yes. The form reports 1,599.456 shares held indirectly via a 401(k) plan and 541.95 shares held indirectly by a spouse.

Was there any explanatory note in the Form 4?

Yes. The filing states the amount of securities beneficially owned was adjusted to reflect the latest 401(k) plan statement.

Are all transaction details clearly presented in the filing?

Key transactions and ownership classifications are stated, but some table fields appear fragmented, which may limit clarity.