Christopher D. Cook of RMBI (NASDAQ: RMBI) gains 26,186 shares in Farmers merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Richmond Mutual Bancorporation, Inc. director and President Christopher D. Cook acquired 26,186 shares of common stock on July 1, 2026. The shares were received in exchange for The Farmers Bancorp stock in a merger at a 3.40-to-1 ratio, with no cash paid, bringing his direct holdings to 26,186 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cook Christopher D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,186 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 26,186 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 26,186 shares
Price per share: $0.0000
Shares owned after: 26,186 shares
+2 more
5 metrics
Shares acquired
26,186 shares
Common stock received on July 1, 2026
Price per share
$0.0000
Reported transaction price for merger share receipt
Shares owned after
26,186 shares
Direct RMBI holdings following the transaction
Merger exchange ratio
3.40 shares
RMBI shares per Farmers share at effective time
Transaction date
July 1, 2026
Date of reported Form 4 acquisition
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
"in connection with the merger of Farmers with and into Richmond Mutual Bancorporation, Inc. ("RMBI"), 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
"Under the terms of the merger agreement, at the effective time of the merger, each outstanding share of Farmers common stock was converted automatically"
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 into the right to receive 3.40 shares of RMBI common stock."
right to receive financial
"was converted automatically into the right to receive 3.40 shares of RMBI common stock."
no cash purchase price financial
"Accordingly, no cash purchase price was paid by the reporting person for the shares reported herein."
FAQ
What did Christopher D. Cook report in his Form 4 for RMBI?
Christopher D. Cook reported acquiring 26,186 shares of Richmond Mutual Bancorporation common stock. These shares were received as part of a stock-for-stock merger with The Farmers Bancorp, rather than through an open-market purchase, and are now held as his direct ownership position.
What exchange ratio was used in the Farmers and RMBI merger?
Each outstanding share of The Farmers Bancorp common stock was converted into the right to receive 3.40 shares of Richmond Mutual Bancorporation common stock. This fixed exchange ratio determined how many RMBI shares Christopher D. Cook and other Farmers shareholders received at the effective time of the merger.