COFS EVP granted stock, shares withheld for taxes

CHOICEONE FINANCIAL SERVICES INC executive vice president Bradley Henion reported routine equity compensation-related transactions in company common stock.

Rhea-AI Filing Summary

CHOICEONE FINANCIAL SERVICES INC executive vice president Bradley Henion reported routine equity compensation-related transactions in company common stock. He received a grant of 1,455 shares at no cost as part of a stock award, while 137 shares were disposed of to cover tax liabilities at a price of $30.03 per share. Footnotes explain that some shares were forfeited upon conversion of prior stock units granted on April 30, 2023, that the new award represents a contingent right to receive common shares vesting in full on April 30, 2029, and that the reported holdings also include 31.8256 shares acquired through the reinvestment of cash dividends. These are compensation and tax-withholding events rather than open-market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Henion Bradley

Role E.V.P. - ChoiceOne Bank (Sub.)

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	137	$30.03	$4K
Grant/Award	Common Stock	1,455	$0.00	$0.00

Holdings After Transaction: Common Stock — 6,313.4625 shares (Direct)

Footnotes (3)

1. F1. Shares forfeited upon conversion of stock units granted April 30, 2023 to common stock.
2. F2. Reports the grant of the contingent right to receive shares of common stock which will vest in full on April 30, 2029.
3. F3. Column 5 reflects the acquisition of 31.8256 shares from the reinvestment of cash dividends.

Key Figures

Stock grant: 1,455 shares Grant price: $0.0000 per share Tax-withholding shares: 137 shares +3 more

6 metrics

Stock grant 1,455 shares Common Stock award to Bradley Henion

Grant price $0.0000 per share Price for 1,455-share award

Tax-withholding shares 137 shares Shares delivered for tax liability

Tax-withholding price $30.03 per share Value of 137 shares used for taxes

Dividend reinvestment 31.8256 shares Shares from reinvested cash dividends

Tax-withholding count 1 transaction F-code disposition on Form 4

Key Terms

tax-withholding disposition, contingent right to receive shares of common stock, stock units, reinvestment of cash dividends

4 terms

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

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 to receive shares of common stock 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.

reinvestment of cash dividends financial

"reflects the acquisition of 31.8256 shares from the reinvestment of cash dividends"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did COFS executive Bradley Henion report on this Form 4?

Bradley Henion reported receiving 1,455 shares of ChoiceOne Financial common stock as a stock award at no cost and a disposition of 137 shares used to satisfy tax liabilities at $30.03 per share. These events are compensation and tax-withholding related, not open-market trades.

Was Bradley Henion buying or selling COFS stock in the open market?

The filing does not show open-market buying or selling by Bradley Henion. It records a stock grant of 1,455 shares at no cost and a 137-share disposition to cover taxes. These are routine compensation and tax-withholding transactions, not discretionary market trades.

What is the significance of the 1,455 COFS shares granted to Bradley Henion?

The 1,455 shares represent a stock-based award to Bradley Henion, granted at no cash cost. A footnote describes this as a contingent right to receive common shares that will vest in full on April 30, 2029, aligning his compensation with future company performance.

Why were 137 shares of COFS common stock disposed of in Bradley Henion’s Form 4?

The 137 shares were withheld or delivered at $30.03 per share to satisfy tax liabilities related to equity compensation. The filing labels this as a tax-withholding disposition, a standard mechanism for paying taxes on stock awards without requiring separate cash payments.

What do the Form 4 footnotes reveal about Bradley Henion’s COFS equity awards?

Footnotes state some shares were forfeited upon conversion of stock units granted April 30, 2023, that the new grant is a contingent right vesting April 30, 2029, and that 31.8256 shares were added from reinvested cash dividends. This clarifies the composition of his reported share holdings.

How were dividends treated in Bradley Henion’s COFS holdings on this Form 4?

A footnote explains that 31.8256 shares of ChoiceOne Financial common stock were acquired through reinvestment of cash dividends. Instead of taking dividends in cash, they were used to purchase additional fractional shares, which are now included in his reported holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 05:35 PM EDT Learn about SEC filing dates

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^*

Henion Bradley

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	E.V.P. - ChoiceOne Bank (Sub.)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/30/2026		F		137	D	$30.03	4,826.6369(1)	D
Common Stock	04/30/2026		A		1,455	A	$0	6,313.4625(2)(3)	D

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. 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.

3. Column 5 reflects the acquisition of 31.8256 shares from the reinvestment of cash dividends.

	/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)