Sarah A. Winters - Jan 14, 2025 Form 4 Insider Report for MIDDLEFIELD BANC CORP (MBCN)

Role
EVP/CHRO
Signature
/s/ Sarah A. Winters by Julie E. Shaw Power of Attorney
Stock symbol
MBCN
Transactions as of
Jan 14, 2025
Transactions value $
$0
Form type
4
Date filed
1/24/2025, 08:26 AM
Previous filing
Sep 10, 2024
SEC
View on sec.gov

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 +2.83K 2.83K Jan 14, 2025 Common Stock 2.83K Direct F1, F2
holding MBCN Conditional Stock Award 2.56K Jan 14, 2025 Common Stock 2.56K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mrs. Winters 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 8-K 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 Mrs. Winters 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.