Mid Penn Bancorp Form 4: Director Adds to Stake with $55k Purchase

Rhea-AI Filing Summary

Director John E. Noone disclosed the purchase of 2,000 MPB common shares on 07/29/2025 through an IRA, executed in four 500-share lots at prices ranging from $27.228 to $27.2904. The IRA position increased to 3,200 shares after the trades.

Noone’s aggregate beneficial ownership now stands at roughly 73,426 shares, including 43,400 shares held in a trust, 22,381 directly owned shares (inclusive of dividend reinvestment), 2,500 shares in a SEP-IRA and 1,945 un-vested restricted shares. The filing reflects open-market “P” code purchases; no sales or derivative transactions were reported.

Although the dollar amount (~$55k) is modest relative to his existing stake, insider buying by a long-serving director generally signals confidence in Mid Penn Bancorp’s prospects and aligns insider and shareholder interests.

Positive

• Director insider buying: 2,000 shares purchased at market prices, indicating personal confidence in MPB’s outlook.
• Alignment of interests: Total insider ownership now exceeds 73k shares, reinforcing governance alignment.

Negative

• Limited scale: Purchase represents a very small fraction of shares outstanding and may have minimal direct impact on valuation.

Insights

Financial Analyst

TL;DR Small open-market buy by MPB director adds to insider optimism but is not large enough to move valuation.

The four purchases consolidate Noone’s IRA holdings and lift total insider ownership slightly above 73k shares. The cost basis around $27.26 is close to recent trading levels, suggesting the director views current price as fair value or better. While insider buys are usually interpreted as a positive signal, the <~0.02% stake increase and sub-$60k outlay limit fundamental impact on capital structure or float. Still, cumulative insider accumulation over multiple periods could support investor sentiment.

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
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Noone John E

(Last) (First) (Middle)

2407 PARK DRIVE

(Street)

HARRISBURG PA 17110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MID PENN BANCORP INC [ MPB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Mid Penn Bancorp, Inc. Common Stock	07/29/2025		P		500	A	$27.228	1,700	I	By IRA
Mid Penn Bancorp, Inc. Common Stock	07/29/2025		P		500	A	$27.2904	2,200	I	By IRA
Mid Penn Bancorp, Inc. Common Stock	07/29/2025		P		500	A	$27.23	2,700	I	By IRA
Mid Penn Bancorp, Inc. Common Stock	07/29/2025		P		500	A	$27.235	3,200	I	By IRA
Mid Penn Bancorp, Inc. Common Stock								43,400	I	By John E. Noone Trust
Mid Penn Bancorp, Inc. Common Stock								22,380.888(1)	D
Mid Penn Bancorp, Inc. Common Stock								2,500	I	By John Noone SEP IRA
Mid Penn Bancorp, Inc. Common Restricted Stock								1,945(2)	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

Explanation of Responses:

1. Balance includes shares acquired through the Dividend Reinvestment Plan.

2. Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.

Remarks:

	/s/ John E. Noone	07/30/2025
	** 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.

FAQ

How many MPB shares did Director John E. Noone buy?

2,000 shares were acquired on 07/29/2025 in four 500-share transactions.

At what prices were the MPB shares purchased?

Prices ranged between $27.228 and $27.2904 per share.

What is Noone’s total ownership in Mid Penn Bancorp after the trade?

Approximately 73,426 shares, spanning direct, trust, IRA and restricted holdings.

Did the Form 4 report any stock sales or option exercises?

No. All reported transactions were common-stock purchases; no derivatives or sales were disclosed.

Why is insider buying considered a positive signal for MPB investors?

Open-market purchases often indicate management’s conviction that the stock is undervalued or poised for growth.