LINKBANCORP (LNKB) officer shifts shares and awards into Burke & Herbert stock
Rhea-AI Filing Summary
LINKBANCORP, Inc. Chief Credit Officer Tiffanie Horton reported merger-related changes to her holdings. On May 1, 2026, 9,676 indirectly held and 22,500 directly held shares of LINKBANCORP common stock were disposed of to the issuer as part of its merger with Burke & Herbert Financial Services Corp.
Under the merger agreement, each LINKBANCORP share was converted into the right to receive 0.1350 shares of Burke & Herbert common stock, with cash paid instead of fractional shares. Stock options on 30,000 shares and warrants on 38,704 shares of LINKBANCORP common stock were similarly converted into options and warrants exercisable for Burke & Herbert common stock at adjusted exercise prices.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 32,176 shares
Net Sell
4 txns
Insider
Horton Tiffanie
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options | 30,000 | $0.00 | $0.00 |
| Disposition | Warrants | 38,704 | $0.00 | $0.00 |
| Disposition | Common Stock | 22,500 | $0.00 | $0.00 |
| Disposition | Common Stock | 9,676 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 0 shares (Direct);
Warrants — 0 shares (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, By IRA)
Footnotes (3)
- 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.
- 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.
- F3. 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
Indirect common shares disposed: 9,676 shares
Direct common shares disposed: 22,500 shares
Warrants disposed: 38,704 warrants
+4 more
7 metrics
Indirect common shares disposed
9,676 shares
Common stock held by IRA, disposed on May 1, 2026
Direct common shares disposed
22,500 shares
Common stock held directly, disposed on May 1, 2026
Warrants disposed
38,704 warrants
LINKBANCORP warrants with $10.00 exercise price, converted in merger
Stock options disposed
30,000 options
LINKBANCORP options with $10.00 exercise price, converted in merger
Warrant exercise price
$10.00 per share
Exercise price for LINKBANCORP warrants prior to conversion
Option exercise price
$10.00 per share
Exercise price for LINKBANCORP stock options prior to conversion
Merger exchange ratio
0.1350 shares
Burke & Herbert common stock received per LINKBANCORP share
Key Terms
Agreement and Plan of Merger, stock option, warrant, exercise price, +1 more
5 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.
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 to the underlying option divided by 0.1350"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did LINKBANCORP (LNKB) insider Tiffanie Horton report on this Form 4?
Tiffanie Horton, Chief Credit Officer of LINKBANCORP, reported disposing of common shares, options, and warrants to the issuer in connection with the company’s merger into Burke & Herbert Financial Services Corp., with her LINKBANCORP positions converting into Burke & Herbert equity instruments.
What happens to LINKBANCORP (LNKB) stockholders under the Burke & Herbert merger terms?
Each issued and outstanding share of LINKBANCORP common stock converts into the right to receive 0.1350 shares of Burke & Herbert common stock. Holders receive cash instead of any fractional Burke & Herbert shares, following the detailed provisions in the Agreement and Plan of Merger.
How were Tiffanie Horton’s LINKBANCORP stock options treated in the merger?
Horton’s stock options on LINKBANCORP shares converted into options for Burke & Herbert common stock. The number of Burke & Herbert shares equals the original underlying LINKBANCORP shares multiplied by 0.1350, with the per-share exercise price divided by 0.1350 and rounded up to the nearest cent.
What happened to Horton’s LINKBANCORP warrants in this Form 4?
Her LINKBANCORP warrants converted into warrants for Burke & Herbert common stock. The underlying Burke & Herbert share count equals the original LINKBANCORP underlying shares times 0.1350, and the exercise price per share is the prior price divided by 0.1350, rounded up to the nearest cent.
Does Horton still hold LINKBANCORP (LNKB) securities after these transactions?
The reported positions show zero LINKBANCORP common shares, options, and warrants following the transactions. Her economic exposure shifts to Burke & Herbert common stock and corresponding converted options and warrants, rather than remaining in LINKBANCORP securities.