RMBI director exercises options for 3,500 shares

Richmond Mutual Bancorporation, Inc. director E. Michael Blum exercised derivative securities to acquire additional common shares.

Accepted by SEC EDGAR 06/04/2026 - 01:23 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Richmond Mutual Bancorporation, Inc. director E. Michael Blum exercised derivative securities to acquire additional common shares. On 2026-06-02, he exercised rights to buy 3,500 shares of common stock at an exercise price of $10.53 per share. Following the transaction, his direct ownership increased to 47,685 shares of common stock. The filing shows this as an exercise or conversion of a derivative security, with no open-market buying or selling reported in this transaction.

Insider Trade Summary

3,500 shares exercised/converted

Exercise 2 txns

Insider Blum E. Michael

Role Director

Type	Security	Shares	Price	Value
Exercise	Common Stock (right to buy)	3,500	$0.00	$0.00
Exercise	Common Stock	3,500	$10.53	$37K

Holdings After Transaction: Common Stock (right to buy) — 33,080 contracts (Direct); Common Stock — 47,685 shares (Direct)

Holdings Before and After: Common Stock (right to buy), 36,580 to 33,080 contracts (Direct); Common Stock, 44,185 to 47,685 shares (Direct)

Footnotes (1)

1. F1. Fully exercisable.

Key Figures

Shares exercised: 3,500 shares Exercise price: $10.53/share Shares held after: 47,685 shares +2 more

5 metrics

Shares exercised 3,500 shares Derivative exercise of Common Stock on 2026-06-02

Exercise price $10.53/share Conversion or exercise price for 3,500 shares

Shares held after 47,685 shares Total direct common stock holdings post-transaction

Derivative transaction count 1 transaction Exercise or conversion of derivative security coded M

Derivative shares exercised 3,500 shares ExerciseShares in transaction summary

Key Terms

Form 4, derivative security, Common Stock (right to buy), exercise price

4 terms

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Common Stock (right to buy) financial

""security_title": "Common Stock (right to buy)""

exercise price financial

""conversion_or_exercise_price": "10.5300""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

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

What insider transaction did RMBI director E. Michael Blum report?

Director E. Michael Blum reported exercising derivative securities to acquire 3,500 shares of Richmond Mutual Bancorporation common stock. The transaction converted a right to buy into owned shares, increasing his direct equity stake without any reported open-market purchase or sale.

How many RMBI shares did E. Michael Blum acquire in this Form 4?

E. Michael Blum acquired 3,500 shares of Richmond Mutual Bancorporation common stock through a derivative exercise. This transaction converted previously held rights to buy shares into actual ownership, boosting his total direct common stock holdings reported after the transaction.

What price did Blum pay per share in the RMBI option exercise?

The derivative exercise used an exercise price of $10.53 per share for 3,500 Richmond Mutual Bancorporation shares. This price reflects the predetermined conversion or exercise price of the derivative security, not a new open-market purchase price for the company’s stock.

What are E. Michael Blum’s RMBI holdings after this transaction?

After exercising 3,500 derivative-linked shares, E. Michael Blum directly holds 47,685 shares of Richmond Mutual Bancorporation common stock. This total reflects his post-transaction ownership reported in the Form 4 and shows an increased long-term equity position in the company.

Did the RMBI Form 4 show any open-market buying or selling?

The Form 4 shows a derivative exercise coded “M,” not open-market buying or selling. Shares were acquired by converting a derivative security into common stock, so there were no reported open-market purchase or sale transactions in this specific filing.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Blum E. Michael

(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)
06/02/2026

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	06/02/2026		M		3,500	A	$10.53	47,685	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
Common Stock (right to buy)	$10.53	06/02/2026		M			3,500	(1)	10/01/2030	Common Stock	3,500	$0	33,080	D

Explanation of Responses:

1. Fully exercisable.

Remarks:

	/s/ Garry D. Kleer, Attorney-in-Fact	06/04/2026
	** 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)