LINKBANCORP (LNKB) president’s stock and options convert in Burke & Herbert merger

Rhea-AI Filing Summary

LINKBANCORP, Inc. President Carl D. Lundblad reported issuer dispositions of his LINKBANCORP equity positions in connection with the company’s merger with Burke & Herbert Financial Services Corp. Each share of LINKBANCORP common stock was converted into the right to receive 0.1350 shares of Burke & Herbert common stock, with cash paid in lieu of fractional shares.

Lundblad disposed of common stock held directly and through an IRA, leaving 0 shares of LINKBANCORP common stock reported after the transactions. In addition, his stock options and warrants on LINKBANCORP common stock were converted into corresponding Burke & Herbert stock options and warrants based on the same 0.1350 share conversion ratio and adjusted exercise prices.

Insights

Banking equity & insider-transactions analyst

President’s LINKBANCORP holdings convert into Burke & Herbert securities via merger-related issuer disposition.

The filing shows President Carl D. Lundblad disposing of LINKBANCORP common shares, options, and warrants through issuer dispositions tied to the merger with Burke & Herbert Financial Services Corp. This reflects the mechanical conversion of his positions rather than an open-market sale or purchase decision.

Each LINKBANCORP common share became the right to receive 0.1350 Burke & Herbert shares, with cash for fractions. His stock options and warrants similarly converted into Burke & Herbert instruments using the same ratio and adjusted exercise prices. The filing indicates that LINKBANCORP positions now report zero remaining, with future exposure shifting to Burke & Herbert securities.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider LUNDBLAD CARL D

Role President

Type	Security	Shares	Price	Value
Disposition	Stock Options	30,000	$0.00	--
Disposition	Warrants	60,000	$0.00	--
Disposition	Common Stock	12,671	$0.00	--
Disposition	Common Stock	77,674	$0.00	--

Holdings After Transaction: Stock Options — 0 shares (Direct, null); Warrants — 0 shares (Direct, null); Common Stock — 0 shares (Indirect, By IRA); 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. 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.

Key Figures

Direct common stock disposed: 77,674 shares Indirect common stock (IRA) disposed: 12,671 shares Warrants disposed: 60,000 warrants +5 more

8 metrics

Direct common stock disposed 77,674 shares Issuer disposition of LINKBANCORP common stock on May 1, 2026

Indirect common stock (IRA) disposed 12,671 shares Issuer disposition of LINKBANCORP common stock held by IRA on May 1, 2026

Warrants disposed 60,000 warrants LINKBANCORP warrants with $10.00 exercise price, converted via merger

Stock options disposed 30,000 options LINKBANCORP stock options with $10.00 exercise price, converted via merger

Common share conversion ratio 0.1350 shares Each LINKBANCORP common share becomes Burke & Herbert common stock

Warrant exercise price $10.00 per share Original LINKBANCORP warrant exercise price before merger-based adjustment

Option exercise price $10.00 per share Original LINKBANCORP stock option exercise price before merger-based adjustment

Warrant expiration January 3, 2029 Expiration date of LINKBANCORP warrants before conversion to Burke & Herbert warrants

Key Terms

Agreement and Plan of Merger, issuer disposition, stock option, warrant, +2 more

6 terms

Agreement and Plan of Merger regulatory

"Pursuant to the Agreement and Plan of Merger dated December 18, 2025 between the Issuer and Burke & Herbert Financial Services Corp."

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.

issuer disposition financial

"transaction_action": "issuer disposition""

stock option financial

"This option converted into a stock option exercisable for a number of shares of Burke & Herbert common stock"

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.

warrant financial

"This warrant converted into a stock warrant exercisable for a number of shares of Burke & Herbert common stock"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

exercise price financial

"with an exercise price per share of Burke & Herbert common stock equal to the exercise price applicable"

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.

cash in lieu of fractional shares financial

"Holders of Issuer Common Stock will receive cash in lieu of fractional shares of Burke & Herbert common stock"

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^*

LUNDBLAD CARL D

(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)

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

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		12,671	D	(1)	0	I	By IRA
Common Stock	05/01/2026		D		77,674	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			30,000	06/14/2020	06/14/2029	Common Stock	30,000	(2)	0	D
Warrants	$10	05/01/2026		D			60,000	01/03/2019	01/03/2029	Common Stock	60,000	(3)	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.

3. 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.

	/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)