4/A: Middlefield Banc Corp CEO Amends Filing to Correctly Classify Stock Ownership

Ronald L. Zimmerly Jr., CEO of Middlefield Banc Corp, amended a previous SEC filing to correctly classify the ownership of 1,000 shares of common stock purchased on May 13, 2024, as indirectly held in an IRA.

Summary

• Ronald L. Zimmerly Jr., the Chief Executive Officer of Middlefield Banc Corp, filed an amendment to a Form 4 with the Securities and Exchange Commission.
• The amendment corrects the classification of 1,000 shares of common stock purchased on May 13, 2024.
• The shares were initially classified as directly owned but are now correctly classified as indirectly held in an IRA.
• The purchase price was $22.47 per share.
• Following the transaction, Mr. Zimmerly beneficially owns 8,786 shares indirectly through his IRA.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Industry Context

This filing is a routine disclosure related to insider trading and beneficial ownership, which is a standard practice for publicly traded companies. It ensures transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders.

Key Dates