OSCAR M. BEAN - 30 Jan 2023 Form 4 Insider Report for SUMMIT FINANCIAL GROUP, INC. (SMMF)

Role: Chairman, Director
Signature: Teresa D. Ely, Lmtd POA Attorney-in-Fact
Issuer symbol: SMMF
Transactions as of: 30 Jan 2023
Net transactions value: +$17,960
Form type: 4
Filing time: 31 Jan 2023, 08:09:36 UTC
Previous filing: 14 Dec 2022
Next filing: 09 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMMF	Common Stock	Purchase	$17,960	+700	+0.85%	$25.66	82,592	30 Jan 2023	Direct	F3
holding	SMMF	Common Stock						23,344	30 Jan 2023	By Spouse

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
holding	SMMF	Phantom Stock						1,975	30 Jan 2023	Common Stock	1,975	$0.000000	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each share of phantom stock represents the economic equivalent of one share of Summit common stock.
F2	Shares of phantom stock are payable only in cash following termination of the reporting person's service as a director of Summit.
F3	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.60 to $25.73, inclusive. The reporting person undertakes to provide to Summit Financial Group, Inc., any security holder of Summit Financial Group, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.