SB Financial Group (SBFG) EVP Steven Walz receives 3,672-share stock grant

Rhea-AI Filing Summary

SB Financial Group executive Steven A. Walz, an EVP of a subsidiary, filed an amended insider trading report for transactions on February 5, 2026. He acquired 3,672 shares of SB Financial Group common stock at $0 per share, noted as granted under the company’s stock incentive plan through restricted stock units.

Following these transactions, Walz directly owned 10,693 shares of common stock. He also indirectly held 2,756 shares through an ESOP and 121 shares through an IRA, reflecting his combined direct and indirect stake in SB Financial Group.

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
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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^*

WALZ STEVEN A.

(Last) (First) (Middle)

324 NORTHWOOD DR.

(Street)

DEFIANCE OH 43512

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SB FINANCIAL GROUP, INC. [ SBFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP OF SUBSIDIARY

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/06/2026

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

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

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								2,756	I	ESOP
COMMON STOCK								121	I	IRA
COMMON STOCK	02/05/2026		A		3,672(1)	A	$0	7,322	D
COMMON STOCK	02/05/2026		F		878(1)	A	$22.14	10,693	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 SHARES WERE ACQUIRED PURSUANT TO A GRANT OF RESTRICTED STOCK UNITS UNDER THE COMPANY'S STOCK INCENTIVE PLAN

	STEVEN A WALZ	02/06/2026
	** 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.

FAQ

What insider transaction did SB Financial Group (SBFG) report for Steven A. Walz?

SB Financial Group reported that executive Steven A. Walz acquired 3,672 shares of common stock. The shares were granted at $0 per share as restricted stock units under the company’s stock incentive plan, increasing his direct ownership position in the company.

How many SB Financial Group shares does Steven A. Walz own after the reported transactions?

After the transactions, Steven A. Walz directly owns 10,693 SB Financial Group common shares. In addition, he indirectly holds 2,756 shares through an ESOP and 121 shares through an IRA, giving him a combined direct and indirect stake in the company’s stock.

What was the nature of the 3,672 SB Financial Group shares acquired by Steven A. Walz?

The 3,672 shares were acquired at $0 per share as part of a grant of restricted stock units. The grant was made under SB Financial Group’s stock incentive plan, indicating this was an equity compensation award rather than an open-market purchase transaction.

What do the indirect SB Financial Group holdings of Steven A. Walz represent?

Steven A. Walz indirectly holds 2,756 SB Financial Group shares through an ESOP and 121 shares through an IRA. These indirect positions are in addition to his directly held shares, reflecting retirement and employee benefit-related ownership structures associated with his role.

What transaction codes were used in Steven A. Walz’s SB Financial Group Form 4/A filing?

The Form 4/A lists an acquisition coded as “A” for 3,672 shares at $0 and another transaction coded “F” involving 878 shares at $22.14. These standard Section 16 transaction codes classify the types of insider equity movements being reported to regulators.