Old Point Finl SEC Filings

Old Point Financial Corp. reporting person Cathy Liles, CFO, recorded a disposition of 1,440 shares of Old Point common stock on 09/01/2025 related to the merger with TowneBank. The filing states that under the Merger Agreement each restricted share fully vested at the Effective Time and each outstanding share was converted into the right to receive either $41.00 in cash per share or 1.14 shares of TowneBank common stock, subject to allocation and proration procedures. The filing also notes the reporting person’s previously unreported shares were acquired through the issuer’s ESPP and dividend reinvestment, and that fractional shares were paid in cash.

Donald S. Buckless, EVP and Chief Lending Officer of Old Point Financial Corp (OPOF), reported a disposition of 11,370 shares of Old Point common stock on 09/01/2025. The reported sale occurred as part of the Merger Agreement with TowneBank: at the Effective Time each Old Point share converted into the holder's election of $41.00 cash per share or 1.14 TowneBank shares, and previously restricted shares fully vested. The report shows 0 shares beneficially owned by the reporting person after the transaction. The filing notes closing prices on August 29, 2025 of $42.10 for Old Point and $36.69 for TowneBank, and that fractional shares were paid in cash.

Old Point Financial Corp. insider A. Eric Kauders Jr. reported a transaction dated 09/01/2025 showing a disposition of 12,212 shares of Old Point common stock, leaving 0 shares beneficially owned after the transaction. The filing states these shares include previously unreported shares acquired through the issuer's ESPP and exempt dividend reinvestment. The disposals occurred in connection with the Merger Agreement dated April 2, 2025, under which each Old Point share converted into the holder's election of $41.00 cash or 1.14 TowneBank shares, with fractional shares paid in cash. The filing was signed by an attorney-in-fact on behalf of the reporting person on 09/03/2025.

Insider transaction and merger conversion. Joseph R. Witt, a director and officer of Old Point Financial Corp (OPOF), reported on Form 4 that on 09/01/2025 he disposed of 22,801 shares of Old Point common stock. The filing states these shares include previously unreported shares acquired through the issuer's ESPP. Under the Merger Agreement dated April 2, 2025, each outstanding Old Point share converted at the effective time into the holder's choice of $41.00 cash or 1.14 shares of TowneBank common stock, subject to allocation and proration; fractional shares were paid in cash. The filing shows 0 shares beneficially owned by Mr. Witt following the reported transaction.

Robert F. Shuford Jr., President and CEO and director of Old Point Financial Corp. (OPOF), reported a disposition of 50,930 shares of Old Point common stock on 09/01/2025, leaving him with 0 shares owned following the transaction. The transaction arose from the Merger Agreement among Old Point, TowneBank and Old Point National Bank of Phoebus: at the Effective Time each outstanding Old Point share converted into the right to receive either $41.00 in cash or 1.14 shares of TowneBank common stock, subject to allocation and proration. The filing notes previously unreported shares from exempt dividend reinvestment and that certain indirect holdings previously reported for his children were omitted because they reached majority. The form is signed by an attorney-in-fact on 09/03/2025.

Sarah B. Castleberry, a director of Old Point Financial Corp (OPOF), reported a disposal of 11,560 shares of Old Point common stock on 09/01/2025. The reported ownership following the transaction is 0 shares. The sale/disposition resulted from the merger with TowneBank under the Merger Agreement dated April 2, 2025, which provided Old Point holders the election to receive $41.00 per share in cash or 1.14 shares of TowneBank common stock. The filing notes previously unreported shares were from exempt dividend reinvestment and that fractional shares were paid in cash. The form was signed by attorney-in-fact Cathy Liles on 09/03/2025.