[Form 4] LINKBANCORP, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINKBANCORP, Inc. EVP Brent S. Smith reported issuer dispositions tied to the company’s merger with Burke & Herbert Financial Services Corp. On May 1, 2026, he disposed of 35,000 indirectly held and 50,091 directly held shares of LINKBANCORP common stock, leaving no reported LINKBANCORP common shares.
In connection with the merger, each share of LINKBANCORP common stock converted into the right to receive 0.1350 Burke & Herbert common shares, with cash paid in lieu of fractional shares. Existing stock options on 40,000 shares and warrants on 240,000 shares were converted into Burke & Herbert instruments using the same 0.1350 ratio with adjusted exercise prices.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Smith Brent S.
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options | 40,000 | $0.00 | -- |
| Disposition | Warrants | 240,000 | $0.00 | -- |
| Disposition | Common Stock | 50,091 | $0.00 | -- |
| Disposition | Common Stock | 35,000 | $0.00 | -- |
Holdings After Transaction:
Stock Options — 0 shares (Direct, null);
Warrants — 0 shares (Direct, null);
Common Stock — 0 shares (Direct, null);
Common Stock — 0 shares (Indirect, By IRA)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger dated December 18, 2025 between the Issuer and Burke & Herbert Financial Services Corp. ("Burke & Herbert"), each issued and outstanding share of Issuer common stock was converted into the right to receive 0.1350 shares of common stock of Burke & Herbert. Holders of Issuer Common Stock will receive cash in lieu of fractional shares of Burke & Herbert common stock in accordance with the terms of the Agreement and Plan of Merger. This option converted into a stock option exercisable for a number of shares of Burke & Herbert common stock equal to the number of shares of Issuer common stock underlying the option multiplied by 0.1350, rounded down to the nearest whole share, with an exercise price per share of Burke & Herbert common stock equal to the exercise price applicable to the underlying option divided by 0.1350, rounded up to the nearest cent. This warrant converted into a stock warrant exercisable for a number of shares of Burke & Herbert common stock equal to the number of shares of Issuer common stock underlying the warrant multiplied by 0.1350, rounded down to the nearest whole share, with an exercise price per share of Burke & Herbert common stock equal to the exercise price applicable to the underlying warrant divided by 0.1350, rounded up to the nearest cent.
