RMBI COO receives 6,256 shares in merger

Richmond Mutual Bancorporation, Inc.’s Chief Operations Officer Ann Valentino acquired 6,256 shares of RMBI common stock.

Rhea-AI Filing Summary

Richmond Mutual Bancorporation, Inc.’s Chief Operations Officer Ann Valentino acquired 6,256 shares of RMBI common stock. These shares were received at no cash cost through the merger of The Farmers Bancorp into RMBI, where each Farmers share converted into 3.40 RMBI shares.

Insider Trade Summary

Grant/Award: 6,256 shares

Grant/Award 1 txn

Insider Valentino Carroll Ann

Role Chief Operations Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,256	$0.00	$0.00

Holdings After Transaction: Common Stock — 6,256 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares acquired: 6,256 shares Post-transaction holdings: 6,256 shares Merger exchange ratio: 3.40 shares +1 more

4 metrics

Shares acquired 6,256 shares RMBI common stock received by COO Ann Valentino

Post-transaction holdings 6,256 shares Total RMBI common shares owned directly after transaction

Merger exchange ratio 3.40 shares RMBI shares per Farmers Bancorp share in merger

Price per share $0.0000 per share Reported transaction price, reflecting non-cash stock-for-stock exchange

Key Terms

Agreement and Plan of Merger, effective time of the merger, Common Stock, 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

"Under the terms of the merger agreement, 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.

Common Stock financial

"security_title": "Common Stock""

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.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

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

What insider transaction did RMBI report for its COO Ann Valentino?

Ann Valentino, Chief Operations Officer of RMBI, acquired 6,256 shares of common stock. The shares were issued as part of the merger with The Farmers Bancorp, rather than through an open-market purchase or sale, and involved no cash payment by her.

How did Ann Valentino receive 6,256 RMBI shares in this Form 4 filing?

She received 6,256 RMBI common shares in exchange for her The Farmers Bancorp stock. Under the merger terms, each Farmers share automatically converted into 3.40 RMBI shares at the effective time, so the acquisition was a stock-for-stock transaction without cash consideration.

Did the RMBI COO pay cash for the 6,256 shares reported on Form 4?

No cash purchase price was paid for the 6,256 RMBI shares. The filing states the shares were issued in exchange for Farmers Bancorp common stock under an Agreement and Plan of Merger, making this a non-cash equity conversion rather than a market buy.

What does the 3.40 exchange ratio mean in the RMBI–Farmers merger?

The 3.40 exchange ratio means each outstanding Farmers Bancorp common share became the right to receive 3.40 RMBI common shares. This fixed stock-for-stock conversion determined how many RMBI shares insiders like Ann Valentino received when the merger became effective.

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

Accepted by SEC EDGAR 07/06/2026 - 10:29 AM EDT Learn about SEC filing dates

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^*

Valentino Carroll Ann

(Last) (First) (Middle)

RICHMOND MUTUAL BANCORPORATION, INC.

31 N. 9H 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operations Officer

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		6,256	A	(1)	6,256	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)