SB Financial (SBFG) director awarded 1,150 RSU shares

Rhea-AI Filing Summary

SB Financial Group director George W. Carter reported receiving 1,150 shares of common stock on February 5, 2026, as a stock grant valued at $22.14 per share. The filing states these shares were granted as restricted stock units under the company's stock incentive plan.

After this grant, Carter directly held 19,135 shares of SB Financial Group common stock. In addition, 1,127 shares were held indirectly through his spouse's IRA. This Form 4 reflects routine equity-based compensation for a director rather than an open-market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider CARTER GEORGE W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK	1,150	$22.14	$25K
holding	COMMON STOCK	--	--	--

Holdings After Transaction: COMMON STOCK — 19,135 shares (Direct); COMMON STOCK — 1,127 shares (Indirect, SPOUSE'S IRA)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

CARTER GEORGE W

(Last) (First) (Middle)

15316 RD 168

PO BOX 322

(Street)

PAULDING OH 45879

(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)

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

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

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								1,127	I	SPOUSE'S IRA
COMMON STOCK	02/05/2026		A		1,150(1)	A	$22.14	19,135	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

	GEORGE W CARTER	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 George W. Carter?

SB Financial Group director George W. Carter reported receiving 1,150 shares of common stock on February 5, 2026. These shares were granted as restricted stock units under the company’s stock incentive plan at a price of $22.14 per share, reflecting routine equity compensation.

How many SB Financial Group (SBFG) shares does George W. Carter own after this Form 4?

After the reported grant, George W. Carter directly owned 19,135 SB Financial Group common shares. In addition, 1,127 shares were held indirectly through his spouse’s IRA. The Form 4 distinguishes clearly between his direct holdings and the indirectly held shares.

What was the price and size of the stock grant to SBFG director George W. Carter?

The grant to director George W. Carter covered 1,150 SB Financial Group common shares at $22.14 per share. The filing notes these shares were issued pursuant to a restricted stock unit grant under the company’s stock incentive plan rather than a market transaction.

Was the SB Financial Group (SBFG) insider transaction a purchase, sale, or grant?

The insider transaction for George W. Carter was a grant, coded as an acquisition of 1,150 common shares. The explanation states the shares were received through a restricted stock unit award under SB Financial Group’s stock incentive plan, not bought or sold on the open market.

How are George W. Carter’s indirect SBFG holdings reported on this Form 4?

The Form 4 lists 1,127 SB Financial Group common shares as indirectly owned through Carter’s spouse’s IRA. These indirect holdings are separated from his 19,135 directly held shares, clarifying the nature of ownership but not reflecting a new transaction for the spouse’s IRA position.

What does the footnote in George W. Carter’s SBFG Form 4 filing explain?

The footnote explains that the reported shares were acquired under SB Financial Group’s stock incentive plan. Specifically, it states the shares were granted pursuant to a restricted stock unit award, confirming this is equity compensation for Carter’s role as a director rather than a discretionary trade.