LINKBANCORP (LNKB) CEO rolls stock, options and warrants into Burke & Herbert equity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINKBANCORP, Inc. CEO and Vice Chairman Samuel Andrew S reported a series of issuer dispositions tied to the company’s merger with Burke & Herbert Financial Services Corp. His LINKBANCORP common stock, options and warrants were converted into rights to receive Burke & Herbert common stock.
The filing shows dispositions of 40,557 shares of common stock held directly and additional common shares held indirectly through his daughter and her IRA. It also reports dispositions of stock options covering 1,000, 500 and 7,500 LINKBANCORP shares, and warrants covering 907,240 shares, all converted using a 0.1350 exchange ratio into Burke & Herbert equity awards.
Positive
- None.
Negative
- None.
Insights
These are merger-driven conversions, not open-market sales.
The Form 4 shows Samuel Andrew S, CEO and Vice Chairman of LINKBANCORP, disposing of common stock, options and warrants as part of the completed merger with Burke & Herbert Financial Services Corp. The positions convert into Burke & Herbert equity, following a fixed 0.1350 share-for-share exchange ratio.
Because the transactions are coded as issuer dispositions tied to a merger, they do not reflect discretionary buying or selling decisions in the market. They mainly document how his LINKBANCORP and related-family holdings, including his daughter’s accounts, roll into Burke & Herbert securities. The filing also indicates no remaining LINKBANCORP derivatives after these conversions.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
SAMUEL ANDREW S
Role
CEO and Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options | 40,000 | $0.00 | -- |
| Disposition | Warrants | 907,240 | $0.00 | -- |
| Disposition | Stock Options | 7,500 | $0.00 | -- |
| Disposition | Stock Options | 500 | $0.00 | -- |
| Disposition | Stock Options | 1,000 | $0.00 | -- |
| Disposition | Common Stock | 40,557 | $0.00 | -- |
| Disposition | Common Stock | 197 | $0.00 | -- |
| Disposition | Common Stock | 6,060 | $0.00 | -- |
Holdings After Transaction:
Stock Options — 0 shares (Direct, null);
Warrants — 0 shares (Direct, null);
Stock Options — 0 shares (Indirect, By Daughter);
Common Stock — 0 shares (Direct, null);
Common Stock — 0 shares (Indirect, By Daughter Direct)
Footnotes (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
Exchange ratio: 0.1350 shares
Direct common stock disposed: 40,557 shares
Indirect common stock disposed via daughter’s IRA: 6,060 shares
+5 more
8 metrics
Exchange ratio
0.1350 shares
Each LINKBANCORP common share to Burke & Herbert common share
Direct common stock disposed
40,557 shares
LINKBANCORP common stock held directly by CEO
Indirect common stock disposed via daughter’s IRA
6,060 shares
LINKBANCORP common stock held through daughter’s IRA
Warrants disposed
907,240 warrants
LINKBANCORP warrants with $10.0000 exercise price
Stock options disposed (exercise price $6.58)
1,000 options
Options on LINKBANCORP common stock at $6.5800 per share
Stock options disposed (exercise price $7.00)
500 options
Options on LINKBANCORP common stock at $7.0000 per share
Stock options disposed (exercise price $10.00)
7,500 options
Options on LINKBANCORP common stock at $10.0000 per share
Net dispositions
8 transactions
All coded as issuer dispositions (D) on May 1, 2026
Key Terms
Agreement and Plan of Merger, stock warrant, exercise price, Common Stock, +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.
stock warrant financial
"This warrant converted into a stock warrant exercisable for a number of shares"
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.
Common Stock financial
"each issued and outstanding share of Issuer common stock was converted"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
IRA financial
"nature_of_ownership": "By Daughter's IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What insider activity did LINKBANCORP (LNKB) report in this Form 4?
The Form 4 reports CEO and Vice Chairman Samuel Andrew S disposing of LINKBANCORP common stock, options and warrants through issuer dispositions. These were linked to the merger with Burke & Herbert Financial Services Corp., converting his holdings into Burke & Herbert equity instruments.
Were the LINKBANCORP (LNKB) insider transactions open-market sales?
No, the transactions are coded as dispositions to the issuer and described in footnotes as conversions under the merger agreement. LINKBANCORP shares, options and warrants were exchanged into rights to receive Burke & Herbert common stock, rather than sold in open-market trades.
What happened to the CEO’s LINKBANCORP options and warrants in this filing?
The filing shows stock options and warrants converting into Burke & Herbert awards. Each option or warrant now covers a number of Burke & Herbert shares equal to the original LINKBANCORP underlying shares times 0.1350, with the exercise price divided by 0.1350 and rounded up to the nearest cent.