Jennifer L. George, SEVP and COO of CB Financial Services, Inc. (NASDAQ:CBFV), filed a Form 4 on November 4, 2026, disclosing a series of transactions in the company's common stock executed on November 2, 2026.

Key Highlights

  • Option exercise: George acquired 2,110 shares of common stock via a stock option exercise (transaction code M) at $26.45 per share on November 2, 2026.
  • Three open-market sales: George disposed of 1,797 shares at $40.39, 283 shares at $40.405, and 30 shares at $40.41, all on November 2, 2026.
  • Direct ownership after transactions: George directly held 13,140 shares of common stock following the reported transactions.
  • Indirect ownership: George also holds 3,047 shares indirectly through an IRA, according to the filing.
  • Remaining options: George holds stock options covering 14,170 shares across three unexpired grants, with exercise prices of $22.12, $22.01, $26.25, and $30.75.
  • Exercised options fully exhausted: The 2,110 stock options with an exercise price of $26.45 and expiration date of December 16, 2026, were fully exercised, leaving zero remaining under that grant.

George's November 2 Transactions at CB Financial Services

According to the Form 4 filed with the SEC on November 4, 2026, Jennifer L. George, who serves as Senior Executive Vice President and Chief Operating Officer of CB Financial Services, Inc., exercised stock options and sold shares of the company's common stock on November 2, 2026. The options exercised carried an exercise price of $26.45 per share and were set to expire on December 16, 2026, per the filing. Following the exercise, those options were reported as having zero shares remaining.

The filing reports that George disposed of a total of 2,110 shares across three separate sale transactions at prices of $40.39, $40.405, and $40.41 per share. These sales reduced her direct beneficial ownership from 15,250 shares (the amount reported immediately after the option exercise) to 13,140 shares held directly. In addition to her direct holdings, the filing discloses 3,047 shares held indirectly through an IRA.

The filing notes that George's direct share count includes multiple tranches of restricted stock vesting at a rate of 20% per year, commencing on various dates between February 16, 2023, and February 16, 2027. George also retains unexercised stock options on 1,690 shares at $30.75 (expiring December 15, 2027), 4,400 shares at $26.25, 3,100 shares at $22.01, and 4,980 shares at $22.12. The Form 4 was signed by Matthew Lawrence pursuant to a power of attorney.

What Was Disclosed

The filing disclosed an option exercise of 2,110 shares at $26.45 and three share sales totaling 2,110 shares by SEVP and COO Jennifer L. George on November 2, 2026, leaving her with 13,140 shares directly and 3,047 shares held through an IRA.