MIDDLEFIELD BANC CORP — Director's Dealing 2024

Jul 1, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MIDDLEFIELD BANC CORP (MBCN)
CIK: 0000836147
Period of Report: 2024-07-01

Reporting Person: Zimmerly Ronald Len Jr. (Director, EVP/Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-07-01	Common Stock	A	324	$24.05	Acquired	36200	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2006	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Conditional Stock Award	$27.4000	2026-03-10	Common Stock (3722)	3722	Direct
Conditional Stock Award	$28.6000	2025-12-01	Common Stock (7576)	7576	Direct

Footnotes

F1: Shares acquired under Director Compensation program for members of the Board of Directors of The Middlefield Banking Company.

F2: 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.

F3: 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.