Merger grants Richmond Mutual (RMBI) director Daniel Lahrman 54,801 shares

Rhea-AI Filing Summary

Richmond Mutual Bancorporation, Inc. director Daniel J. Lahrman reported acquiring 54,801 shares of common stock on a non-cash basis. The shares were received in exchange for The Farmers Bancorp stock in connection with a merger, at an exchange ratio of 3.40 RMBI shares for each Farmers share. Following this automatic conversion, Lahrman directly holds 55,002 RMBI common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lahrman Daniel J.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	54,801	$0.00	--

Holdings After Transaction: Common Stock — 55,002 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 54,801 shares Total holdings after transaction: 55,002 shares Merger exchange ratio: 3.40 shares

3 metrics

Shares acquired 54,801 shares Common Stock grant/award acquisition on 2026-07-01

Total holdings after transaction 55,002 shares Direct RMBI common stock owned following merger exchange

Merger exchange ratio 3.40 shares RMBI shares received per Farmers common share in merger

Key Terms

Agreement and Plan of Merger, effective time of the merger, converted automatically, grant, award, or other acquisition

4 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

"each outstanding share of Farmers common stock was converted automatically"

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 11:18 AM Accepted by SEC EDGAR 07/06/2026 - 11:18 AM Learn about SEC filing dates

FAQ

What insider transaction did RMBI director Daniel J. Lahrman report?

Daniel J. Lahrman reported acquiring 54,801 shares of Richmond Mutual Bancorporation common stock. The acquisition was recorded as a grant or award-type transaction and did not involve an open-market purchase, according to the Form 4 insider filing data.

How did Daniel J. Lahrman receive the new RMBI shares in this Form 4?

Lahrman received the shares through a merger involving The Farmers Bancorp. Each Farmers common share was converted automatically into 3.40 shares of RMBI common stock under an Agreement and Plan of Merger, rather than through a cash purchase on the open market.

Did Daniel J. Lahrman pay cash for the 54,801 RMBI shares he acquired?

No cash purchase price was paid for the 54,801 shares. The footnote explains the shares were issued in exchange for Farmers Bancorp common stock at the merger’s effective time, so the acquisition was purely an equity-for-equity conversion, not a cash transaction.

What are Daniel J. Lahrman’s RMBI holdings after this reported transaction?

After the transaction, Lahrman directly holds 55,002 shares of Richmond Mutual Bancorporation common stock. This total reflects his position immediately following the merger-related share conversion, as shown in the Form 4’s post-transaction ownership field.

Was this RMBI insider transaction a market buy or sell of shares?

The transaction was reported as a grant, award, or other acquisition, not a market trade. Shares were acquired via automatic conversion in a merger, with no reported open-market buying or selling and no transaction price per share indicated beyond zero.

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^*

Lahrman Daniel J.

(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		54,801	A	(1)	55,002	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)