MONTGOMERY JOHN HAINES (President and CEO) exercised options at CB FINANCIAL SERVICES, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

MONTGOMERY JOHN HAINES

Filed: 12/9/2025ACC: 0001437749-25-037246

InsiderMONTGOMERY JOHN HAINESCIK 1437134

→

IssuerCB FINANCIAL SERVICES, INC.CIK 1605301

DirectorOfficer· President and CEO

Since Aug 2020

0.00

Net shares

Net seller

$83.7K

Total acquired

Open market trades

0B · 0S

Total transactions

4.50K acquired · 4.50K disposed

Non-Derivative Transactions1

Common Stock

Direct

M · Option Exercise

+4.50K

Price / share

$18.60

Trade value

$83.70K

% of position

14.7%

12/9/2025

30.56K→35.06K

Total

Net shares

+4.50K

Net value

$83.70K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/9/2025	M · Option Exercise	+4.50K	$18.60	$83.70K	14.7%	30.56K	35.06K
Total			+4.50K		$83.70K

Derivative Transactions1

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

4.50K shares

−4.50K

Strike price

18.60

Held after

4.50K

Exercisable

—

12/9/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock4.50K shares	12/9/2025	M · Option Exercise	−4.50K	18.60	—	4.50K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned2.50K

Total

2.50K indirect2.50K

Security Title	Shares Owned	Ownership Type
Common Stock	2.50K	Indirect
Total	2.50K	2.50K indirect

Derivative Holdings (Post-Transaction)4

Stock Options

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

26.2500

Expiration

—

Exercise window

—

Stock Options

Direct

Underlying security

Common Stock

Underlying shares

13.79K

Shares owned

13.79K

Exercise price

22.1200

Expiration

—

Exercise window

—

Stock Options

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

24.0300

Expiration

—

Exercise window

—

Stock Options

Direct

Underlying security

Common Stock

Underlying shares

8.50K

Shares owned

8.50K

Exercise price

22.0100

Expiration

—

Exercise window

—

Total

Underlying

42.29K

Owned

42.29K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options Direct	Common Stock	26.2500	—	—	10K	10K
Stock Options Direct	Common Stock	22.1200	—	—	13.79K	13.79K
Stock Options Direct	Common Stock	24.0300	—	—	10K	10K
Stock Options Direct	Common Stock	22.0100	—	—	8.50K	8.50K
Total					42.29K	42.29K