LINKBANCORP director stock converted in merger

Rhea-AI Filing Summary

LINKBANCORP, Inc. director Debra Pierson reported dispositions tied to the company’s merger with Burke & Herbert Financial Services Corp. Under the merger agreement 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 in lieu of fractional shares.

On this basis, Pierson disposed of 22,857 shares of common stock held indirectly by her spouse and 35,178 shares held directly, both recorded as dispositions to the issuer. A related stock option covering 5,000 shares of LINKBANCORP common stock at a $10.00 exercise price also converted into a Burke & Herbert stock option, adjusting both the number of underlying shares and the exercise price using the 0.1350 exchange ratio.

Insider Trade Summary

Disposition: 63,035 shares

Disposition 3 txns

Insider Pierson Debra

Role Director

Type	Security	Shares	Price	Value
Disposition	Stock Options	5,000	$0.00	$0.00
Disposition	Common Stock	35,178	$0.00	$0.00
Disposition	Common Stock	22,857	$0.00	$0.00

Holdings After Transaction: Stock Options — 0 contracts (Direct); Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By Spouse)

Footnotes (2)

1. F1. 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. F2. 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

Indirect common shares disposed: 22,857 shares Direct common shares disposed: 35,178 shares Stock option disposed: 5,000 options +2 more

5 metrics

Indirect common shares disposed 22,857 shares Common Stock held by spouse; issuer disposition on May 1, 2026

Direct common shares disposed 35,178 shares Common Stock held directly; issuer disposition on May 1, 2026

Stock option disposed 5,000 options Stock option over 5,000 LINKBANCORP shares converted in merger

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

Share exchange ratio 0.1350 shares Each LINKBANCORP share converted to 0.1350 Burke & Herbert shares

Key Terms

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

4 terms

Agreement and Plan of Merger financial

"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.

fractional shares financial

"Holders of Issuer Common Stock will receive cash in lieu of fractional shares"

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.

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 equal"

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.

FAQ

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

What did Debra Pierson report in this LINKBANCORP (LNKB) Form 4?

Debra Pierson reported issuer dispositions of LINKBANCORP common stock and stock options. The filing shows both directly and indirectly held shares, plus an employee stock option, were converted or surrendered in connection with the completed merger with Burke & Herbert Financial Services Corp.

How many LINKBANCORP shares did Debra Pierson dispose of?

The filing reports dispositions of 22,857 shares of LINKBANCORP common stock held indirectly by her spouse and 35,178 shares held directly. These were recorded as issuer dispositions in connection with the Burke & Herbert merger and resulted in zero LINKBANCORP shares remaining after the transaction.

How were LINKBANCORP shares exchanged in the Burke & Herbert merger?

Each issued and outstanding 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 share amounts, following the terms of the Agreement and Plan of Merger.

What happened to Debra Pierson’s LINKBANCORP stock options?

Her LINKBANCORP stock option covering 5,000 shares at a $10.00 exercise price converted into an option for Burke & Herbert common stock. The new option reflects the 0.1350 exchange ratio and an adjusted exercise price, rounded to the nearest whole share and cent, respectively.

Did Debra Pierson retain any LINKBANCORP holdings after the merger-related dispositions?

According to the Form 4 data, total shares of LINKBANCORP common stock following the reported transactions were zero for both directly and indirectly held positions. Remaining exposure, if any, would be through the converted Burke & Herbert equity, not LINKBANCORP shares.

Why were fractional Burke & Herbert shares paid in cash to LINKBANCORP holders?

The merger agreement provides that LINKBANCORP shareholders receive cash instead of fractional Burke & Herbert shares. This is a standard approach that simplifies settlement by avoiding issuance of tiny partial share amounts under the 0.1350 exchange ratio.

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

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Accepted by SEC EDGAR 05/01/2026 - 03:43 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

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^*

Pierson Debra

(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		35,178	D	(1)	0	D
Common Stock	05/01/2026		D		22,857	D	(1)	0	I	By Spouse

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)