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Filing Details

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
1954793	Jr. Len Ronald Zimmerly	15985 E. High Street Middlefield OH 44062	President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-04-28	630	$27.28	2,006	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	31,669	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Conditional Stock Award	$27.40		2026-03-10	3,722	3,722	Direct
Common Stock	Conditional Stock Award	$28.60		2025-12-01	11,364	11,364	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-03-10	3,722	3,722	Direct
2025-12-01	11,364	11,364	Direct

Footnotes

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 March 17, 2023.
The award represents a grant of restricted stock which vests ratably over a three-year period provided that Mr. Zimmerly 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.