Richmond Mutual (RMBI) director acquires 2,380 shares in Farmers merger

Rhea-AI Filing Summary

Richmond Mutual Bancorporation, Inc. director Barbara A. Cutillo reported acquiring 2,380 shares of common stock. These shares were received in exchange for her common stock of The Farmers Bancorp in connection with the merger of Farmers into Richmond Mutual Bancorporation under an Agreement and Plan of Merger. After this non-cash share exchange, she directly holds 2,980 shares of RMBI common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cutillo Barbara A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,380	$0.00	--

Holdings After Transaction: Common Stock — 2,980 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 2,380 shares Post-transaction holdings: 2,980 shares Merger exchange ratio: 3.40 shares +1 more

4 metrics

Shares acquired 2,380 shares Common Stock received on July 1, 2026 as merger consideration

Post-transaction holdings 2,980 shares Total RMBI common shares directly owned after the acquisition

Merger exchange ratio 3.40 shares Each Farmers common share converted into 3.40 RMBI common shares

Transaction price per share $0.0000 Indicates no cash purchase price for the awarded shares

Key Terms

Agreement and Plan of Merger, effective time of the merger, converted automatically, right to receive, +1 more

5 terms

Agreement and Plan of Merger regulatory

"pursuant to the Agreement and Plan of Merger."

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.

effective time of the merger regulatory

"at the effective time of the merger, each outstanding share"

The effective time of the merger is the exact moment when a planned combination of two companies legally takes effect, usually specified in the merger agreement and reflected by the formal filing or timestamp. For investors, it is the point when ownership, voting rights, financial reporting and control shift—like a light switch flipping that joins two rooms into one—so it determines when shares convert, who controls corporate decisions and which results appear in financial statements.

converted automatically financial

"was converted automatically into the right to receive 3.40 shares"

right to receive financial

"into the right to receive 3.40 shares of RMBI common stock"

common stock financial

"each outstanding share of Farmers 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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 04:38 PM Accepted by SEC EDGAR 07/06/2026 - 04:38 PM Learn about SEC filing dates

FAQ

What did Richmond Mutual Bancorporation (RMBI) director Barbara Cutillo report on this Form 4?

Director Barbara Cutillo reported acquiring 2,380 shares of RMBI common stock. The shares were received as part of a share-for-share exchange in the merger of The Farmers Bancorp into Richmond Mutual Bancorporation, increasing her direct ownership to 2,980 shares.

Was cash paid by Barbara Cutillo for the RMBI shares reported in this Form 4?

No cash was paid for these RMBI shares. They were issued to Barbara Cutillo in exchange for her The Farmers Bancorp common shares under the merger agreement’s terms, which converted each Farmers share into RMBI shares without a cash purchase price.

How many RMBI shares does Barbara Cutillo own after the reported transaction?

After the transaction, Barbara Cutillo directly owns 2,980 shares of RMBI common stock. This reflects her receipt of 2,380 RMBI shares in the merger exchange, added to her existing holdings, as disclosed in the Form 4 filing details.

What exchange ratio applied in the RMBI and The Farmers Bancorp merger?

Each outstanding share of The Farmers Bancorp common stock was converted into the right to receive 3.40 shares of RMBI common stock. This fixed share-for-share exchange ratio determined how many RMBI shares former Farmers shareholders, including Barbara Cutillo, received in the merger.

Is Barbara Cutillo’s Form 4 transaction an open-market purchase of RMBI stock?

The transaction is not an open-market purchase. It is classified as a grant or other acquisition tied to the merger, where Farmers common shares were automatically converted into RMBI common shares at a 3.40 exchange ratio, with no cash purchase price paid.

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

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^*

Cutillo Barbara A

(Last) (First) (Middle)

RICHMOND MUTUAL BANCORPORATION, INC.

31 N. 9TH STREET

(Street)

RICHMOND INDIANA 47374

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Richmond Mutual Bancorporation, Inc. [ RMBI ]

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)
07/01/2026

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	07/01/2026		A		2,380	A	(1)	2,980	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. The reported shares were received in exchange for shares of common stock of The Farmers Bancorp ("Farmers") in connection with the merger of Farmers with and into Richmond Mutual Bancorporation, Inc. ("RMBI"), pursuant to the Agreement and Plan of Merger. Under the terms of the merger agreement, at the effective time of the merger, each outstanding share of Farmers common stock was converted automatically into the right to receive 3.40 shares of RMBI common stock. Accordingly, no cash purchase price was paid by the reporting person for the shares reported herein.

Remarks:

	/s/ Bradley M. Glover, Attorney-in-Fact	07/06/2026
	** 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)