LINKBANCORP (LNKB) director equity converted to Burke & Herbert stock

Rhea-AI Filing Summary

LINKBANCORP, Inc. director Diane Poillon reported dispositions of company securities in connection with the closing of its merger with Burke & Herbert Financial Services Corp. On May 1, 2026, she returned 14,285 shares of LINKBANCORP common stock to the issuer and her direct holdings in this stock went to zero.

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 any fractional Burke & Herbert shares. A stock option covering 5,000 shares of LINKBANCORP common stock at a $10.00 exercise price was similarly converted into a Burke & Herbert option for a proportionate number of shares, with the exercise price adjusted by the same 0.1350 ratio. After these conversions, no LINKBANCORP shares or options remained in this filing.

Insights

Banking equity analyst

Director’s LINKBANCORP holdings convert into Burke & Herbert securities via merger, not open-market trades.

The filing shows Diane Poillon, a director of LINKBANCORP, disposing of 14,285 common shares and a 5,000-share stock option back to the issuer. Footnotes explain this occurred under a completed merger with Burke & Herbert Financial Services Corp., where LINKBANCORP equity converted into Burke & Herbert equity.

Because this is a merger-driven conversion at a fixed exchange ratio of 0.1350 Burke & Herbert shares per LINKBANCORP share, it is a structural change, not a discretionary buy or sell decision. The option’s exercise price of $10.00 was adjusted by dividing by the same ratio, preserving economic value. Overall, this is a routine step in merger integration, with no clear directional signal about the insider’s view of valuation.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Poillon Diane

Role null

Type	Security	Shares	Price	Value
Disposition	Stock Options	5,000	$0.00	--
Disposition	Common Stock	14,285	$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: 14,285 shares Options disposed: 5,000 options Option exercise price: $10.00 per share +3 more

6 metrics

Common shares disposed 14,285 shares Disposition to issuer on May 1, 2026 under merger

Options disposed 5,000 options Stock options on common stock returned to issuer

Option exercise price $10.00 per share LINKBANCORP stock option before conversion

Share exchange ratio 0.1350 Burke & Herbert shares per LINKBANCORP share in merger

Shares following transaction 0 shares Total LINKBANCORP common stock directly held after disposition

Option expiration date June 14, 2029 Original expiration for converted option position

Key Terms

Agreement and Plan of Merger, Disposition to issuer, Stock Options, exercise price, +1 more

5 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.

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

Stock Options financial

"security_title: "Stock Options""

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

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

"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.

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^*

Poillon Diane

(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		14,285	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 Diane Poillon report?

Diane Poillon reported disposing of 14,285 shares of LINKBANCORP common stock and a stock option for 5,000 shares back to the issuer. These changes reflect the completed merger with Burke & Herbert, rather than open-market buying or selling activity.

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 receive cash instead of any fractional Burke & Herbert shares, according to the terms of the Agreement and Plan of Merger.

What happened to Diane Poillon’s LINKBANCORP stock options in this Form 4?

A stock option for 5,000 LINKBANCORP shares with a $10.00 exercise price was converted into a Burke & Herbert option. The number of underlying shares and exercise price were adjusted using the same 0.1350 exchange ratio described in the merger agreement.

Does this LINKBANCORP (LNKB) Form 4 show an open-market sale by the director?

No, the Form 4 describes a disposition to the issuer as part of a merger, not an open-market sale. The director’s LINKBANCORP equity converted into Burke & Herbert securities under a fixed exchange ratio, reflecting deal mechanics instead of discretionary trading.

What are Diane Poillon’s LINKBANCORP holdings after these transactions?

After the reported disposition of 14,285 common shares and the conversion of her 5,000-share option, the Form 4 shows zero LINKBANCORP shares and options remaining. Her economic exposure continues through newly converted Burke & Herbert common stock and related options.