Richmond Mutual Bancorporation insider reports new grant and options

Rhea-AI Filing Summary

Richmond Mutual Bancorporation, Inc. insider activity: The President and CEO, who is also a director of RMBI, reported acquiring 51,253 shares of common stock on 11/20/2025 at a stated price of $0, indicating a grant or allocation rather than an open-market purchase. After this transaction, the reporting person directly owns 167,823 common shares and indirectly holds 9,942 shares through an ESOP. The insider also reports fully exercisable derivative securities representing rights to buy 216,426 shares of common stock at an exercise price of $10.53, expiring on 10/01/2030.

Insider Trade Summary

Net Buyer: 51,253 shares

Net Buy 3 txns

Insider Kleer Garry D.

Role President, CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	51,253	$0.00	$0.00
holding	Common Stock (right to buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 167,823 shares (Direct); Common Stock (right to buy) — 216,426 shares (Direct); Common Stock — 9,942 shares (Indirect, By ESOP)

Footnotes (2)

1. F1. Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.
2. F2. Fully exercisable.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/21/2025 - 01:16 PM Learn about SEC filing dates

FAQ

What insider transaction did RMBI disclose in this Form 4?

The President and CEO of Richmond Mutual Bancorporation, Inc. (RMBI) reported acquiring 51,253 shares of common stock on 11/20/2025 at a stated price of $0, which appears as a grant or allocation.

How many RMBI shares does the reporting person own after the transaction?

Following the reported transaction, the insider beneficially owns 167,823 RMBI common shares directly and 9,942 shares indirectly through an ESOP.

What derivative securities related to RMBI does the insider hold?

The insider holds fully exercisable derivative securities giving the right to buy 216,426 RMBI common shares at an exercise price of $10.53 per share, with an expiration date of 10/01/2030.

What is the insider’s role at Richmond Mutual Bancorporation, Inc. (RMBI)?

The reporting person is a director and an officer of RMBI, serving as President and CEO.

Is the RMBI Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, not a group filing.

What does the ESOP reference mean in the RMBI Form 4?

The Form 4 notes 9,942 shares of RMBI common stock held indirectly by the insider through an ESOP, reflecting allocations since the last ownership report.

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^*

Kleer Garry D.

(Last) (First) (Middle)

RICHMOND MUTUAL BANCORPORATION, INC.

31 N. 9TH STREET

(Street)

RICHMOND IN 47374

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President, CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	11/20/2025		A		51,253	A	$0	167,823	D
Common Stock								9,942(1)	I	By ESOP

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							(2)	10/01/2030	Common Stock	216,426		216,426	D

Explanation of Responses:

1. Reflects ESOP allocations that have occurred since the date of the reporting person's last ownership report.

2. Fully exercisable.

Remarks:

	/s/ Bradley M. Glover, Attorney-in-Fact	11/20/2025
	** 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.