Director at Ames National (NASDAQ: ATLO) buys more common stock

Rhea-AI Filing Summary

Ames National Corp director Michelle R. Cassabaum executed an open-market purchase of 84 shares of Common Stock at $28.08 per share. This transaction increased her direct ownership to 9,818 shares of Ames National Corp common stock.

Insider Trade Summary

Net Buyer: 84 shares ($2,359)

Net Buy 1 txn

Insider Cassabaum Michelle R

Role null

Bought 84 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	84	$28.08	$2K

Holdings After Transaction: Common Stock — 9,818 shares (Direct, null)

Footnotes (1)

Key Figures

Shares purchased: 84 shares Purchase price: $28.08 per share Post-transaction holdings: 9,818 shares +1 more

4 metrics

Shares purchased 84 shares Open-market purchase of Common Stock on 2026-04-30

Purchase price $28.08 per share Price paid for Ames National Common Stock

Post-transaction holdings 9,818 shares Total direct Common Stock owned after transaction

Transaction value $2,358.72 84 shares × $28.08 per share (derived)

Key Terms

Form 4, open-market purchase, Common Stock, non-derivative

4 terms

Form 4 regulatory

"This open-market purchase is disclosed in a Form 4 filing"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

open-market purchase financial

"Michelle R. Cassabaum made an open-market purchase of 84 shares"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Common Stock financial

"84 shares of Common Stock at $28.08 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

non-derivative financial

"the reported Form 4 transaction involves only non-derivative Common Stock"

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^*

Cassabaum Michelle R

(Last) (First) (Middle)

PO BOX 846

(Street)

AMES IOWA 50010

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMES NATIONAL CORP [ ATLO ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/30/2026		P		84	A	$28.08	9,818	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:

	John P Nelson by power of attorney	04/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Ames National (ATLO) report for Michelle Cassabaum?

Ames National reported that director Michelle R. Cassabaum made an open-market purchase of 84 shares of Common Stock. The shares were bought at a price of $28.08 per share, increasing her direct holdings to 9,818 shares.

How many Ames National (ATLO) shares did Michelle Cassabaum buy and at what price?

Michelle R. Cassabaum bought 84 Ames National Common Stock shares at $28.08 per share. This open-market purchase is disclosed in a Form 4 filing and reflects a relatively small addition to her existing share position.

What is Michelle Cassabaum’s total Ames National (ATLO) stake after this Form 4 trade?

After the reported transaction, Michelle R. Cassabaum directly holds 9,818 Ames National Common Stock shares. This figure comes from the Form 4, which lists the total shares owned following her 84-share open-market purchase at $28.08 per share.

Was the Ames National (ATLO) Form 4 transaction a purchase or a sale?

The Form 4 transaction was a purchase. Director Michelle R. Cassabaum entered an open-market purchase (code P), acquiring 84 shares of Ames National Common Stock at $28.08 per share, increasing her direct ownership stake.

Does this Ames National (ATLO) Form 4 involve any derivative securities?

No, the reported Form 4 transaction involves only non-derivative Common Stock. The filing shows an open-market purchase of 84 common shares and a derivativeSummary section with no remaining derivative positions, indicating no options or similar instruments in this report.