Director Ralph Burchianti of CB Financial Services, Inc. filed a Form 4 on November 4, 2026, disclosing a stock option exercise of 2,810 shares of common stock on November 3, 2026, at an exercise price of $26.45 per share.

Key Highlights

  • Transaction: Ralph Burchianti exercised stock options (transaction code M) for 2,810 shares of CB Financial Services common stock on November 3, 2026, at $26.45 per share.
  • Post-transaction direct holdings: Following the transaction, Burchianti directly beneficially owned 82,533 shares of common stock, according to the filing.
  • Indirect holdings: An investment club indirectly holds 2,200 shares; Burchianti disclosed a 16.6% interest in the club and disclaimed beneficial ownership of 1,834 of those shares.
  • Options exercised to zero: The stock options with exercise price $26.45, originally dated December 16, 2017, and expiring December 16, 2026, were reduced to 0 remaining following this transaction.
  • Remaining options: Burchianti holds additional stock options covering 3,280 shares at $30.75, 5,200 shares at $26.45, 3,800 shares at $22.01, and 5,870 shares at $22.12, all direct.
  • Issuer: CB Financial Services, Inc., trading on NASDAQ:CBFV, headquartered in Carmichaels, Pennsylvania.

Details of Burchianti's November 2026 Option Exercise at CB Financial Services

According to the Form 4 filed with the SEC on November 4, 2026, Ralph Burchianti, a director of CB Financial Services, Inc. (NASDAQ:CBFV), exercised stock options on November 3, 2026, acquiring 2,810 shares of common stock at an exercise price of $26.45 per share. The transaction code reported is M, indicating an exercise or conversion of a derivative security. These options carried an original date of December 16, 2017, and an expiration date of December 16, 2026, and were reduced to 0 following the exercise.

After the reported transaction, Burchianti's direct beneficial ownership stood at 82,533 shares of common stock, the filing stated. The filing notes that this total includes shares of restricted stock subject to various vesting schedules: vesting at 20% per year commencing February 16, 2023; February 16, 2024; February 16, 2025; and February 16, 2026, as well as shares vesting 100% on February 16, 2027.

In addition to direct holdings, the filing disclosed that an investment club indirectly holds 2,200 shares of CB Financial Services common stock. Burchianti reported a 16.6% interest in the investment club and, according to the filing, "disclaims beneficial ownership with respect to 1,834 shares." The Form 4 was signed by Matthew Lawrence pursuant to a power of attorney, and was filed on November 4, 2026.

What Was Disclosed

Director Ralph Burchianti disclosed the exercise of 2,810 stock options in CB Financial Services, Inc. at $26.45 per share on November 3, 2026, resulting in direct beneficial ownership of 82,533 shares, plus indirect exposure through an investment club holding 2,200 shares.