Thomas M. Wilson - Jan 14, 2025 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role: EVP-Chief Strategy Officer
Signature: /s/ Thomas M. Wilson by Julie E. Shaw Power of Attorney
Stock symbol: MBCN
Transactions as of: Jan 14, 2025
Transactions value $: $0
Form type: 4
Date filed: 1/23/2025, 08:49 AM
Previous filing: Sep 10, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MBCN	Common Stock						12.5K	Jan 14, 2025	held in IRA
holding	MBCN	Common Stock						7.29K	Jan 14, 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MBCN	Conditional Stock Award	Award		+2.69K			2.69K	Jan 14, 2025	Common Stock	2.69K		Direct	F1, F2
holding	MBCN	Conditional Stock Award						2.56K	Jan 14, 2025	Common Stock	2.56K		Direct	F2, F3
holding	MBCN	Conditional Stock Award						1.32K	Jan 14, 2025	Common Stock	1.32K	$27.40	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The award represents grant of restricted stock which vests ratably over a three-year period provided that Mr. Wilson remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. The details of the vesting conditions may be found in a Form 8K filing dated January 17, 2025
F2	Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
F3	The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Wilson remains continuously employed by Middlefield as of each vesting date. Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient.
F4	Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8K filing dated March 17, 2023.