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CB Financial (CBFV) credit chief sells 140 common shares in Form 4

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CB Financial Services Chief Credit Officer Stephen Cobain reported selling a total of 140 shares of common stock in three open-market transactions on February 23, 2026, at prices between $33.77 and $33.92 per share. After these sales, he directly owns 4,313 common shares. Footnotes indicate his holdings include restricted stock and stock options that vest in 20% annual installments beginning on November 30, 2023 and on February 16 in 2025, 2026 and 2027.

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Insider Cobain Stephen
Role Chief Credit Officer
Sold 140 shs ($5K)
Type Security Shares Price Value
Sale Common Stock 111 $33.77 $4K
Sale Common Stock 15 $33.80 $507.00
Sale Common Stock 14 $33.92 $474.88
holding Stock Options -- -- --
holding Stock Options -- -- --
Holdings After Transaction: Common Stock — 4,342 shares (Direct); Stock Options — 4,480 shares (Direct)
Footnotes (1)
  1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 30, 2023. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2025. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2026. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2027. Stock option vest at a rate of 20% per year commencing on February 16, 2025. Stock option vest at a rate of 20% per year commencing on November 30, 2023.
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*
Cobain Stephen
(Last) (First) (Middle)
100 N. MARKET STREET
(Street)
CARMICHAELS PA 15320
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CB Financial Services, Inc. [ CBFV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Credit Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
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 02/23/2026 S 111 D $33.77 4,342(1)(2)(3)(4) D
Common Stock 02/23/2026 S 15 D $33.8 4,327(1)(2)(3)(4) D
Common Stock 02/23/2026 S 14 D $33.92 4,313(1)(2)(3)(4) 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
Stock Options $22.12 02/16/2025 02/16/2034 Common Stock 4,480(5) 4,480(5) D
Stock Options $22.48 11/30/2023 11/30/2032 Common Stock 5,000(6) 5,000(6) D
Explanation of Responses:
1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 30, 2023.
2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2025.
3. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2026.
4. Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2027.
5. Stock option vest at a rate of 20% per year commencing on February 16, 2025.
6. Stock option vest at a rate of 20% per year commencing on November 30, 2023.
/s/ Matthew Lawrence, pursuant to power of attorney 02/23/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CB Financial (CBFV) report for Stephen Cobain?

Stephen Cobain reported selling CB Financial common stock. The Form 4 shows three open-market sales on February 23, 2026, totaling 140 shares, and confirms his updated direct ownership position plus continuing restricted stock and stock option awards that vest over multiple future years.

How many CB Financial (CBFV) shares did Stephen Cobain sell and at what prices?

Stephen Cobain sold 140 CB Financial common shares. The transactions were three open-market sales of 111, 15 and 14 shares at per-share prices of $33.77, $33.80 and $33.92, respectively, all executed on February 23, 2026, according to the Form 4 filing.

What is Stephen Cobain’s remaining CB Financial (CBFV) stock ownership after these sales?

After the reported sales, Stephen Cobain directly owns 4,313 CB Financial common shares. The Form 4 also notes his ownership includes restricted stock that vests 20% per year starting November 30, 2023 and February 16 in 2025, 2026 and 2027, plus time-vesting stock options.

Were Stephen Cobain’s CB Financial (CBFV) transactions open-market sales?

Yes, the Form 4 describes Stephen Cobain’s activity as open-market sales. Each transaction is coded “S” with a description of “Sale in open market or private transaction,” reflecting routine share disposals rather than option exercises or gifts, all occurring on February 23, 2026.

How do Stephen Cobain’s restricted CB Financial (CBFV) shares and options vest?

His restricted stock and options vest gradually over time. Footnotes state that restricted shares vest 20% annually beginning November 30, 2023 and February 16 in 2025, 2026 and 2027, while related stock options also vest 20% per year starting November 30, 2023 and February 16, 2025.