What is the vesting schedule for Burke’s new COFS share award?

The contingent right to receive 2,439 ChoiceOne Financial Services shares will vest in full on April 30, 2029. Until that vesting date, the award remains contingent, as described in the filing’s accompanying footnote.

ChoiceOne (NASDAQ: COFS) president receives 2,439-share award, with 252 shares for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ChoiceOne Financial Services President Michael J. Burke Jr. reported routine equity compensation and related tax withholding transactions involving the company’s common stock. On April 30, 2026, he indirectly acquired 2,439 shares through a Joint Trust as a grant/award at $0.00 per share.

A footnote explains this represents a contingent right to receive common shares, which will vest in full on April 30, 2029. In a separate transaction coded F, 252 shares held through the Joint Trust were disposed of at $30.03 per share to satisfy tax obligations tied to the conversion of earlier stock units granted on April 30, 2023.

After these transactions, Burke’s indirect holdings include 11,072.5025 shares of common stock through the Joint Trust and 2,891.0800 shares through an IRA, reflecting ongoing indirect ownership rather than open‑market trading.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Burke Michael J. Jr.

Role President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	252	$30.03	$8K
Grant/Award	Common Stock	2,439	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,072.503 shares (Indirect, Joint Trust)

Footnotes (1)

Shares forfeited upon conversion of stock units granted April 30, 2023 to common stock. Reports the grant of the contingent right to receive shares of common stock which will vest in full on April 30, 2029.

Key Figures

Equity grant: 2,439 shares Grant price: $0.00 per share Tax-withholding shares: 252 shares +3 more

6 metrics

Equity grant 2,439 shares Common stock award via Joint Trust on April 30, 2026

Grant price $0.00 per share Non-cash grant/award acquisition

Tax-withholding shares 252 shares Disposed to satisfy tax obligations at $30.03 per share

Tax-withholding price $30.03 per share Price for 252-share tax-withholding disposition

Joint Trust holdings 11,072.5025 shares Indirect common stock holdings after transactions

IRA holdings 2,891.0800 shares Indirect common stock holdings in IRA as of April 30, 2026

Key Terms

tax-withholding disposition, contingent right, stock units, Joint Trust, +1 more

5 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 252 shares at $30.03"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

contingent right financial

"Reports the grant of the contingent right to receive shares of common stock"

stock units financial

"Shares forfeited upon conversion of stock units granted April 30, 2023"

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

Joint Trust financial

"nature_of_ownership: "Joint Trust" for indirect common stock holdings"

IRA financial

"nature_of_ownership: "IRA" for indirect common stock holdings"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 05:33 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^*

Burke Michael J. Jr.

(Last)

(First)

(Middle)

109 EAST DIVISION STREET

(Street)

SPARTA

MICHIGAN

49345

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CHOICEONE FINANCIAL SERVICES INC [ COFS ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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	04/30/2026		F		252	D	$30.03	11,072.5025⁽¹⁾	I	Joint Trust
Common Stock	04/30/2026		A		2,439	A	$0	13,511.5025⁽²⁾	I	Joint Trust
Common Stock								2,891.08	I	IRA

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)

Explanation of Responses:

1. Shares forfeited upon conversion of stock units granted April 30, 2023 to common stock.

2. Reports the grant of the contingent right to receive shares of common stock which will vest in full on April 30, 2029.

	/s/ Christian D. Rhoades, by Power of Attorney	05/04/2026
	** 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

FAQ

What insider transactions did COFS President Michael J. Burke Jr. report?

He reported a grant of 2,439 ChoiceOne Financial Services common shares through a Joint Trust and a related tax-withholding disposition of 252 shares, alongside updated indirect holdings in both a Joint Trust and an IRA.

Was the COFS Form 4 transaction an open-market buy or sell?

No. The Form 4 shows a grant of 2,439 shares at $0.00 per share and a tax-withholding disposition of 252 shares at $30.03, both tied to equity compensation, not open‑market trading activity.

How many COFS shares were granted to Michael J. Burke Jr.?

He received a contingent right to 2,439 shares of ChoiceOne Financial Services common stock through a Joint Trust. According to the filing, these shares are part of an award that will vest in full on April 30, 2029.

Why were 252 COFS shares disposed of in the Form 4 filing?

The 252 shares were disposed of at $30.03 per share to cover tax obligations. A footnote states the shares were forfeited upon conversion of stock units granted on April 30, 2023, making this a tax-withholding event rather than a market sale.

What are Michael J. Burke Jr.’s indirect COFS holdings after these transactions?

Following the reported transactions, indirect holdings include 11,072.5025 ChoiceOne Financial Services shares in a Joint Trust and 2,891.0800 shares in an IRA. These figures show his continuing indirect ownership stake as disclosed in the Form 4.