January 14, 2025 · Form 4 insider transaction
Zimmerly Ronald Len Jr. bought 6,864 shares of MBCN, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 205 days after the transaction.
The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Zimmerly 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.; Each restricted stock unit represents the right to receive, at settlement, one share of common stock.