LINKBANCORP (LNKB) director equity converted in Burke & Herbert merger

Rhea-AI Filing Summary

LINKBANCORP, Inc. director Anson Flake disposed his LINKBANCORP holdings in connection with its merger into Burke & Herbert Financial Services Corp. The filing shows a disposition to the issuer of 108,361 shares of common stock and 5,000 stock options.

Under the Agreement and Plan of Merger dated December 18, 2025, each share of LINKBANCORP common stock was converted into the right to receive 0.1350 shares of Burke & Herbert common stock, with cash paid instead of fractional shares. The reported stock option converted into a Burke & Herbert option for a reduced number of shares based on the 0.1350 ratio, with its exercise price adjusted by dividing by 0.1350.

Insights

Banking equity analyst

Form 4 records merger-driven conversion of LINKBANCORP equity into Burke & Herbert securities.

The transactions reflect mechanical dispositions to the issuer tied to LINKBANCORP’s merger with Burke & Herbert Financial Services Corp., not open-market selling. Common shares and stock options were converted into Burke & Herbert equity using a fixed 0.1350 exchange ratio.

No LINKBANCORP shares or options remain for the director after the merger close, and the derivativeSummary is empty. Economically, the director’s exposure shifts from LINKBANCORP to Burke & Herbert, while the scale and pricing of the conversion are set strictly by the merger agreement terms.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Flake Anson

Role null

Type	Security	Shares	Price	Value
Disposition	Stock Options	5,000	$0.00	--
Disposition	Common Stock	108,361	$0.00	--

Holdings After Transaction: Stock Options — 0 shares (Direct, null); Common Stock — 0 shares (Direct, null)

Footnotes (1)

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.

Key Figures

Common shares disposed: 108,361 shares Stock options disposed: 5,000 options Option exercise price: $10.00 per share +2 more

5 metrics

Common shares disposed 108,361 shares Disposition to issuer in merger on May 1, 2026

Stock options disposed 5,000 options Disposition to issuer; options on LINKBANCORP common stock

Option exercise price $10.00 per share Original LINKBANCORP stock option exercise price

Share exchange ratio 0.1350 Burke & Herbert shares Per 1 share of LINKBANCORP common stock

Post-transaction LINKBANCORP holdings 0 shares/options Total LINKBANCORP position after merger conversion

Key Terms

Agreement and Plan of Merger, stock option, exercise price, fractional shares

4 terms

Agreement and Plan of Merger regulatory

"Pursuant to the Agreement and Plan of Merger dated December 18, 2025"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

stock option financial

"This option converted into a stock option exercisable for a number of shares"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

exercise price financial

"with an exercise price per share of Burke & Herbert common stock"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

fractional shares financial

"will receive cash in lieu of fractional shares of Burke & Herbert common stock"

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

Form 4 Insider Transactions: What Each Field Means →

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

X

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^*

Flake Anson

(Last) (First) (Middle)

1250 CAMP HILL BYPASS

SUITE 202

(Street)

CAMP HILL PENNSYLVANIA 17011

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LINKBANCORP, Inc. [ LNKB ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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	05/01/2026		D		108,361	D	(1)	0	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
Stock Options	$10	05/01/2026		D			5,000	06/14/2020	06/14/2029	Common Stock	5,000	(2)	0	D

Explanation of Responses:

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.

2. 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.

	/s/ Melanie Vanderau, pursuant to Power of Attorney	05/01/2026
	** 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)

FAQ

What insider transaction did LINKBANCORP (LNKB) director Anson Flake report?

Anson Flake reported a disposition to LINKBANCORP of 108,361 common shares and 5,000 stock options. These reflect equity being converted under the merger with Burke & Herbert, rather than open-market purchases or sales by the director.

How were LINKBANCORP (LNKB) shares converted in the Burke & Herbert merger?

Each LINKBANCORP common share was converted into the right to receive 0.1350 shares of Burke & Herbert common stock. Holders will receive cash instead of any fractional Burke & Herbert shares, following the terms of the merger agreement.

What happened to Anson Flake’s LINKBANCORP (LNKB) stock options?

The 5,000 LINKBANCORP stock options converted into options on Burke & Herbert common stock. The new option covers the original underlying shares multiplied by 0.1350, rounded down, and its exercise price was divided by 0.1350, rounded up to the nearest cent.

Does Anson Flake still hold LINKBANCORP (LNKB) securities after this Form 4?

The Form 4 shows zero LINKBANCORP common shares and zero LINKBANCORP stock options remaining after the transactions. His economic exposure shifts to Burke & Herbert securities received through the share and option conversion mechanics in the merger.

Is the Form 4 for LINKBANCORP (LNKB) a market buy or sell by the director?

No, the Form 4 records dispositions to the issuer tied to the merger with Burke & Herbert, coded as “Disposition to issuer.” These are merger-driven conversions at a fixed exchange ratio, not discretionary open-market buying or selling by the director.