LINKBANCORP (NASDAQ: LNKB) director’s shares converted in Burke & Herbert deal

Rhea-AI Filing Summary

LINKBANCORP, Inc. director Michael W. Clarke reported the disposition of all his LINKBANCORP common stock in connection with the company’s merger into Burke & Herbert Financial Services Corp. One transaction involved 187,500 shares held indirectly through an IRA, and another involved 67,073 shares held directly, both at a reported price of $0.00 per share because they were exchanged rather than sold on the market.

Under the merger agreement, each share of LINKBANCORP common stock was converted into the right to receive 0.1350 shares of Burke & Herbert common stock, with cash paid instead of fractional Burke & Herbert shares. Following these transactions, Clarke’s reported LINKBANCORP holdings are 0 shares, reflecting the completion of the share conversion in the merger.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Clarke Michael W

Role null

Type	Security	Shares	Price	Value
Disposition	Common Stock	67,073	$0.00	--
Disposition	Common Stock	187,500	$0.00	--

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

Footnotes (1)

1. [object Object]

Key Figures

Indirect shares disposed: 187,500 shares Direct shares disposed: 67,073 shares Total LNKB shares converted: 254,573 shares +3 more

6 metrics

Indirect shares disposed 187,500 shares Common Stock held by IRA, disposition to issuer

Direct shares disposed 67,073 shares Common Stock held directly, disposition to issuer

Total LNKB shares converted 254,573 shares Sum of direct and indirect dispositions in merger

Exchange ratio 0.1350 shares Burke & Herbert common stock per LINKBANCORP share

Price per share reported $0.00 Non-market disposition to issuer as part of merger

Post-transaction LNKB holdings 0 shares Total shares following transactions for Clarke

Key Terms

Agreement and Plan of Merger, Disposition to issuer, Common Stock, cash in lieu of fractional shares, +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.

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

Common Stock financial

"security_title": "Common Stock""

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.

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"

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By IRA""

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^*

Clarke Michael W

(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		67,073	D	(1)	0	D
Common Stock	05/01/2026		D		187,500	D	(1)	0	I	By IRA

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

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.

	/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 did LINKBANCORP (LNKB) director Michael W. Clarke report on this Form 4?

Michael W. Clarke reported disposing of all his LINKBANCORP common shares. The filing shows indirect and direct positions surrendered in connection with the Burke & Herbert merger, leaving him with zero LNKB shares after the share conversion.

How many LINKBANCORP (LNKB) shares were disposed of in total?

The Form 4 shows 187,500 shares disposed indirectly via an IRA and 67,073 shares disposed directly. Together, these entries reflect 254,573 LINKBANCORP common shares converted as part of the merger transaction with Burke & Herbert.

Was this LINKBANCORP (LNKB) insider transaction an open-market sale?

No. The transactions are coded as a disposition to the issuer at a price of $0.00 per share. Footnotes explain the shares were converted into Burke & Herbert stock under the merger agreement, not sold in open-market trades.

What did LINKBANCORP (LNKB) shareholders receive in the Burke & Herbert merger?

Each share of LINKBANCORP common stock was converted into the right to receive 0.1350 shares of Burke & Herbert common stock. Shareholders will also receive cash instead of fractional Burke & Herbert shares created by applying this exchange ratio.

Does Michael W. Clarke still hold any LINKBANCORP (LNKB) shares after this filing?

According to the Form 4, Michael W. Clarke reports owning zero LINKBANCORP shares after the transactions. Both his indirect IRA position and direct holdings were fully converted under the merger, leaving no remaining LNKB common stock.

How were fractional Burke & Herbert shares handled in the LINKBANCORP (LNKB) merger?

The merger terms state that holders of LINKBANCORP common stock will receive cash instead of fractional Burke & Herbert shares. This cash-in-lieu treatment applies where applying the 0.1350 exchange ratio would otherwise produce fractional share amounts.