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QNB Corp. lists 10.17% stake for 17-person group

The updated tables show a 17-person director, nominee and executive-officer group with 10.17% beneficial ownership, alongside two listed holders above 5%.

(Moderate)

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Form Type
8-K

Rhea-AI Filing Summary

QNB Corp. updated beneficial-ownership information for its directors, nominees, named executive officers and holders of more than 5% as of September 30, 2026, following its underwritten public offering of approximately 1.2 million common shares in August 2026. The 17-person group is listed with 635,042 shares, or 10.17%. Mark T. Lynch is listed with 334,159 shares (5.37%), and Fourthstone LLC with 346,290 shares (5.57%).

The group ownership calculation uses 6,218,251 shares outstanding and 25,723 options exercisable within 60 days of the record date. The separate calculation for the table of owners above 5% uses 6,218,215 shares outstanding. The ownership footnote says beneficial ownership may include securities held by an individual's spouse, minor children or another relative in the same home, shared voting or investment power, and rights to acquire shares within 60 days.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Common shares in August 2026 underwritten public offering Approximately 1.2 million common shares Offering referenced in the ownership update
Group beneficial ownership 635,042 shares; 10.17% 17-person group of current directors, nominees and executive officers
Mark T. Lynch beneficial ownership 334,159 shares; 5.37% Listed beneficial owner as of September 30, 2026
Fourthstone LLC beneficial ownership 346,290 shares; 5.57% Listed beneficial owner as of September 30, 2026
Shares outstanding 6,218,251 shares Basis stated for the group ownership calculation
Options exercisable within 60 days 25,723 options Aggregate amount stated in the group ownership calculation
Shares outstanding 6,218,215 shares Basis stated for the table of beneficial owners above 5%
beneficial ownership regulatory
"information concerning the beneficial ownership of its common stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
underwritten public offering financial
"Following the underwritten public offering by QNB Corp."
An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.
exercisable within 60 days financial
"25,723 options in the aggregate which are exercisable within 60 days"
voting or investment power regulatory
"has, or shares, voting or investment power"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did the QNBC director and officer group beneficially own?

The 17-person group of current directors, nominees and executive officers was listed with 635,042 shares, or 10.17%. The ownership calculation uses 6,218,251 shares outstanding and 25,723 options exercisable within 60 days of the record date.

Who were QNB's listed beneficial owners of more than 5%?

The table lists Mark T. Lynch with 334,159 shares (5.37%) and Fourthstone LLC with 346,290 shares (5.57%) as of September 30, 2026.

How does QNB determine beneficial ownership?

The ownership footnote says beneficial ownership may include securities owned by an individual's spouse, minor children or another relative who has the same home, securities over which the individual has or shares voting or investment power, and rights to acquire beneficial ownership within 60 days after September 30, 2026. Beneficial ownership may be disclaimed for certain securities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
000075055800007505582026-10-162026-10-16

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

CURRENT REPORT

PURSUANT TO SECTIONS 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported):

October 16, 2026

 

QNB Corp.

(Exact name of registrant as specified in its charter)

 

Pennsylvania

0-17706

23-2318082

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

 

15 North Third Street, P.O. Box 9005, Quakertown, PA 18951-9005

(Address of principal executive offices, including zip code)

 

(215) 538-5600

(Registrant's telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock

 

QNBC

 

The Nasdaq Stock Market, LLC

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

 

Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 


 

 

Item 7.01 Other Events.

 

Following the underwritten public offering by QNB Corp. (the “Company”) of approximately 1.2 million shares of its common stock in August 2026, the Company is updating certain information concerning the beneficial ownership of its common stock by each director, each named executive officer, each holder of more than 5% of its common stock and all directors and named executive officers as a group as of September 30, 2026 to reflect this offering.

 

 

BENEFICIAL OWNERSHIP OF DIRECTORS AND OFFICERS

 

 

 

 

 

 

 

Name of Beneficial Owner

 

Amount and Nature of
Beneficial Ownership (1)

 

Percentage of
Class (2)

Autumn R. Bayles

 

 

3,312

 

 

 

*

Laurie Bergman

 

 

2,192

 

 

 

*

Randy S. Bimes

 

 

268,683

 

(3)

 

4.30%

Kenneth F. Brown, Jr.

 

 

151,492

 

(4)

 

2.43%

Christopher T. Cattie

 

 

13,551

 

(5)

 

*

Courtney L. Covelens

 

 

10,180

 

(6)

 

*

David W. Freeman

 

 

39,713

 

(7)

 

*

Gerald E. Gorski

 

 

1,065

 

 

 

*

Kevin L. Johnson

 

 

20,124

 

(8)

 

*

Jeffrey Lehocky

 

 

8,467

 

(9)

 

*

Joseph W. Major

 

 

73,714

 

(10)

 

1.18%

Jennifer L. Mann

 

 

10,528

 

 

 

*

Christina S. McDonald

 

 

4,386

 

(11)

 

*

Scott G. Orzehoski

 

 

21,795

 

(12)

 

*

Ranajoy Ray-Chaudhuri

 

 

2,192

 

 

 

*

Randall E. Stauffer

 

 

1,020

 

 

 

*

Scott R. Stevenson

 

 

2,628

 

 

 

*

Current Directors, Nominees & Executive Officers as a Group (17 persons)

 

 

635,042

 

(13)

 

10.17%

* Less than 1.00%

 

 

 

 

 

 

 

 

(1)

The securities “beneficially owned” by an individual are determined in accordance with the definitions of “beneficial ownership” set forth in the rules of the SEC and may include securities owned by or for the individual's spouse and minor children and any other relative who has the same home, as well as securities as to which the individual has, or shares, voting or investment power or has the right to acquire beneficial ownership within 60 days after September 30, 2026. Beneficial ownership may be disclaimed as to certain of the securities.

(2)

Numbers are rounded to the nearest one-hundredth percent.

(3)

Includes 233,726 shares owned jointly by Dr. Bimes with his wife.

(4)

Includes 148,336 shares owned jointly by Mr. Brown with his wife.

(5)

Includes 7,660 options.

(6)

Includes 5,160 options.

(7)

Includes 3,500 options.

(8)

Includes 15,849 shares owned jointly by Mr. Johnson with his wife.

(9)

Includes 2,540 options.

(10)

Includes 36,176 shares owned jointly by Mr. Major with his wife and 2,750 shares owned by his wife.

(11)

Includes 2,660 options.

(12)

Includes 4,203 options.

(13)

The percentage ownership calculation is based upon an aggregate of 6,218,251 shares outstanding and the 25,723 options in the aggregate which are exercisable within 60 days of the record date.

 

 


 

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

 

 

 

 

 

 

 

The following table sets forth the names of each person who, directly or indirectly, are known to QNB’s management to be the beneficial owners of at least 5% of QNB's outstanding common stock as of September 30, 2026. To our knowledge, except as noted below, no person or entity is the beneficial owner of more than 5% of the voting power of QNB’s common stock.

 

 

 

 

 

 

 

Name and Address of Beneficial Owner

 

Number of Shares Owned

 

 

 

Percentage of
Class (1)

Mark T, Lynch
2900 Wayland Road
Berwyn, PA 19312

(2)

 

334,159

 

 

 

5.37%

Fourthstone LLC 575 Maryville Centre Dr., Suite 110 St. Louis, MO 63141

(3)

 

346,290

 

 

 

5.57%

 

(1)

The percentage ownership calculation is based upon an aggregate of 6,218,215 shares outstanding, and numbers are rounded to the nearest one-hundredth percent.

(2)

Information about Mr. Lynch is derived from Amendment No. 3 its Schedule 13G/A filed with the SEC on February 8, 2024.

(3)

Information about Fourthstone LLC and certain of its affiliates, including Fourthstone Master Opportunity Fund Ltd, Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP and L. Phillip Stone, IV, is derived from Amendment No. 2 to its Schedule 13G filed with the SEC on August 14, 2025.

 

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

 

Exhibit No.

Description

 

 

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

 

 

D

 

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

QNB Corp.

 

 

 

 

 

 

 

By:

/s/ Jeffrey Lehocky

 

 

Jeffrey Lehocky

 

 

Chief Financial Officer

 

 

 

 

Dated: October 16, 2026

 

 

 


Filing Exhibits & Attachments

1 document

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