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Filing Details

Accession Number:: 0001437749-25-002691
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-02-04 12:08:43
Reporting Period:: 2025-02-03

Filing Date:: 2025-02-04
Accepted Time:: 2025-02-04 12:08:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
836147	Middlefield Banc Corp	MBCN	State Commercial Banks (6022)	341585111

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1792684	Michael Ranttila	15985 East High Street Middlefield OH 44062	Evp/Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2025-02-03	300	$25.50	300	No	4	P	Indirect	held in IRA

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	held in IRA

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,035	Direct
Common Stock	2	Indirect	as Custodian for Grandson

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Conditional Stock Award	$0.00	2028-01-14	4,433	4,433	Direct
Common Stock	Conditional Stock Award	$0.00	2027-08-30	4,520	4,520	Direct
Common Stock	Conditional Stock Award	$27.40	2026-03-10	2,846	2,846	Direct
Common Stock	Conditional Stock Award	$24.80	2025-02-23	2,016	2,016	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2028-01-14	4,433	4,433	Direct
2027-08-30	4,520	4,520	Direct
2026-03-10	2,846	2,846	Direct
2025-02-23	2,016	2,016	Direct

Footnotes

The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila 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 8-K filing dated January 17, 2025.
Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
Includes shares acquired under MBCN Dividend Reinvestment Plan
The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Ranttila 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.
Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance-based condition. The details of the vesting conditions may be found in a Form 8K filing dated March 17, 2023.
Until the award vests, the award confers no right to vote, no right to dividends, and no other shareholder rights to the recipient. Vesting is subject to a time-based or service condition and a performance based condition. The details of the vesting conditions may be found in a Form 8-K filing dated February 25, 2022.