CB Financial Services, Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The Company’s common stock is traded on the NASDAQ Global Market under the symbol “CBFV.” The approximate number of holders of record of the Company’s common stock as of March 7, 2022, was 633. Certain shares of Company common stock are held in “nominee” or “street” name and accordingly, the number of beneficial owners of such shares is not known or included in the foregoing number. Equity Compensation Plans The following table provides information at December 31, 2021, for compensation plans under which equity securities may be issued. Plan Category Number of securities to be issued upon exercise of outstanding options warrants and rights Weighted-average exercise price of outstanding options warrants and rights Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (A)) (A) (B) (C) Equity compensation plans: Approved by stockholders 207,641 (1) $ 24.01 (1) 500,000 (2) Not approved by stockholders — — — Total 207,641 $ 24.01 500,000 (1) Represents stock options available to be exercised under the 2015 Equity Incentive Plan (the "2015 Plan"). The 2015 Plan shall remain in effect as long as any awards are outstanding, but as a result of the approval of the 2021 Equity Incentive Plan (the "2021 Plan"), no more awards can be granted under the 2015 Plan. (2) Represents 500,000 shares available under the 2021 Plan (the "Share Limit") that can be issued of which a maximum of 500,000 shares may be issued as stock options and 200,000 shares may be issued as restricted stock awards or units based on the terms of the Plan whereby the Share Limit is reduced, on a one-for-one basis, for each share of common stock subject to a stock option grant, and on a two and one-half-for-one basis for each share of common stock issued pursuant to restricted stock awards or units. At December 31, 2021, no shares have been granted under the 2021 Plan. 25 Issuer Purchases of Equity Securities The following table provides information relating to our purchase of shares of our common stock during the three months ended December 31, 2021. Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of the Publicly Announced Program Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program October 1-31, 2021 30,844 $ 23.43 30,844 $ 4,325,703 November 1-30, 2021 16,454 24.04 16,454 3,930,087 December 1-31, 2021 22,885 23.91 22,885 3,382,980 Total 70,183 $ 23.73 70,183 (1) On June 10, 2021, the Company announced that the Board had approved a program commencing on June 14, 2021 to repurchase up to $7.5 million of the Company’s outstanding common stock. This repurchase program was set to expire on June 13, 2022. On February 15, 2022, the Company completed this stock repurchase program. In connection with the program, the Company purchased a total of 308,996 shares of the Company’s common stock at an average price of $24.27 per share. ITEM 6. [RESERVED]