Form 4: Mid Penn Bancorp Director Matthew De Soto Boosts Stake with Over $50,000 in Stock Purchases

Mid Penn Bancorp Inc. Director Matthew G. De Soto has increased his direct beneficial ownership of the company's common stock by purchasing 1,928 shares across multiple transactions on June 5, 2025.

Summary

• Matthew G. De Soto, a Director of Mid Penn Bancorp Inc. (MPB), acquired a total of 1,928 shares of common stock through open market purchases on June 5, 2025.
• The purchases were executed at prices of $25.9099, $25.885, $25.9374, and $25.9255 per share.
• Following these transactions, Mr. De Soto's direct beneficial ownership of Mid Penn Bancorp, Inc. Common Stock stands at 112,070.59 shares.
• This balance includes shares acquired through the Dividend Reinvestment Plan.
• Additionally, Mr. De Soto indirectly beneficially owns 3,327 shares through PUTMA for Children and 78 shares through L T D Investments.
• He also holds 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock, which vests 100% on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The purchase of shares by a director indicates confidence in the company's future, which is generally viewed positively by investors.

Positives

• The Director's open market purchases signal confidence in the company's future prospects and valuation.
• Increased insider ownership aligns management's interests with those of shareholders.

Future Outlook

N/A

Industry Context

Insider purchases, particularly by a director, can be interpreted by the market as a positive signal regarding the company's performance and future prospects within the regional banking sector. This action suggests confidence in Mid Penn Bancorp's stability and growth trajectory amidst broader economic conditions affecting financial institutions.

Related Party Transactions

• Matthew G. De Soto indirectly beneficially owns 3,327 shares through PUTMA for Children and 78 shares through L T D Investments, which are typically considered related party holdings for reporting purposes.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive indicator of management's belief in the company's value, potentially boosting investor confidence.

Key Dates

Keywords

Mid Penn Bancorp, MPB, Insider Trading, Form 4, Stock Purchase, Director, Beneficial Ownership, Banking Sector, Financial Services, Shareholder Confidence