Southern Missouri Bancorp (SMBC) executive receives new stock and option awards

Rhea-AI Filing Summary

Southern Missouri Bancorp reported that President and Chief Administrative Officer Matthew T. Funke acquired new equity awards. He received a grant of 2,250 stock options with an exercise price of $0.0000 per share and 950 shares of common stock on February 24, 2026.

The 950-share common stock award is scheduled to vest over five years beginning February 9, 2027, with up to 20% vesting on that date and on each of the next four anniversaries, depending on how the company’s annualized return on average assets over the prior 12 calendar quarters compares to a threshold level. The options become exercisable in 20% installments over five years under various prior grant schedules. Following these awards, Funke directly owns 46,400 common shares, and an additional 16,517.68 shares are held indirectly through a 401(k) account.

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

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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^*

Funke Matthew T

(Last) (First) (Middle)

2991 OAK GROVE RD.

(Street)

POPLAR BLUFF MO 63901

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SOUTHERN MISSOURI BANCORP, INC. [ SMBC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT/CHIEF ADMIN OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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	02/24/2026		A(1)		950	A	$0	46,400	D
Common Stock								16,517.68(2)	I	401(k)

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
Stock Option (right to buy)	$62.96	02/24/2026		A		2,250		(3)	02/24/2036	Common Stock	2,250	$0	2,250	D
Stock Option (Right to buy)	$60.42							(4)	02/18/2035	Common Stock	2,000		2,000	D
Stock Option (Right to Buy)	$40.82							(5)	02/08/2034	Common Stock	3,000		3,000	D
Stock Option (Right to Buy)	$46.94							(6)	02/21/2033	Common Stock	3,000		3,000	D
Stock Option (Right to Buy)	$53.82							(7)	02/03/2032	Common Stock	1,500		1,500	D
Stock Option (Right to Buy)	$34.91							(8)	02/10/2031	Common Stock	3,000		3,000	D
Stock Option (Right to Buy)	$37.4							(9)	02/18/2030	Common Stock	2,000		2,000	D
Stock Option (Right to Buy)	$34.35							(10)	01/04/2029	Common Stock	2,000		2,000	D
Stock Option (Right to Buy)	$37.31							(11)	01/16/2028	Common Stock	2,000		2,000	D

Explanation of Responses:

1. The shares are scheduled to vest over a five-year period beginning February 9, 2027, with up to 20% of the shares vesting on that date and on each of the next four anniversaries of that date based on the extent to which the Company's annualized return on average assets over the 12 calendar quarters ending immediately prior to the applicable vesting date exceeds a threshold level.

2. Reflects 401(k) contributions that have occurred since the date of the reporting person's last ownership report.

3. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/24/27. Each remaining installment vests annually thereafter.

4. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/18/26. Each remaining installment vests annually thereafter.

5. The options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/8/25. Each remaining installment vests annually thereafter.

6. The options become exercisable in 20% installments over a five-year period with the first installment vesting on 2/21/24. Each remaining installment vests annually thereafter.

7. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/3/23. Each remaining installment vests annually thereafter.

8. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/10/22. Each remaining installment vests annually thereafter.

9. The options become exercisable in 20% installments over a five year period with the first installment vesting on 2/18/21. Each remaining installment vests annually thereafter.

10. The options become exercisable in 20% installments over a five year period with the first installment vesting on 1/4/20. Each remaining installment vests annually thereafter.

11. The options become exercisable in 20% installments over a five year period with the first installment vesting on 1/16/19. Each remaining installment vests annually thereafter.

	/s/ Matthew T. Funke	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did SMBC executive Matthew Funke acquire in this Form 4 filing?

Matthew T. Funke received 2,250 stock options and 950 shares of Southern Missouri Bancorp common stock. These awards increase his direct equity exposure and align his compensation with the bank’s long-term performance and shareholder value over a multi-year period.

How do the new SMBC common stock awards to Matthew Funke vest?

The 950-share common stock award vests over five years starting February 9, 2027. Up to 20% can vest on that date and each of the next four anniversaries, based on the company’s annualized return on average assets exceeding a specified performance threshold.

What are the vesting terms of Matthew Funke’s SMBC stock options?

The stock options reported become exercisable in 20% installments over five years under several grant schedules. Each option grant’s first 20% tranche vests on its specified initial vesting date, with the remaining 20% installments vesting annually thereafter, encouraging long-term retention.

How many SMBC common shares does Matthew Funke hold after these transactions?

After the reported equity awards, Matthew T. Funke directly owns 46,400 shares of Southern Missouri Bancorp common stock. In addition, 16,517.68 shares are held indirectly through a 401(k) account, reflecting ongoing retirement plan contributions since his last ownership report.

Are the SMBC equity awards to Matthew Funke performance-based?

Yes, the 950-share common stock grant vests based on performance. Vesting depends on how Southern Missouri Bancorp’s annualized return on average assets over the 12 calendar quarters before each vesting date compares to a threshold level, linking payout to profitability metrics.

Does this SMBC Form 4 show any stock sales by Matthew Funke?

The filing reports only grants and holdings, not stock sales. It shows new stock option and restricted stock awards, plus updated holdings, including 401(k) contributions, indicating additional equity-based compensation rather than any disposition of existing Southern Missouri Bancorp shares.