Company: COFS
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001140361-25-012677
Chunk: 23

Company: CHOICEONE FINANCIAL SERVICES INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 23
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888,542 |     | 5.93%    |

| * | Less than 1% |

| (1) | The numbers of shares stated are based on information furnished by each person listed and include shares personally owned of record by that person and shares that under applicable regulations are considered to be otherwise beneficially owned by that person. |

| (2) | These numbers include shares as to which the listed person is legally entitled to share voting or dispositive power by reason of joint ownership, trust or other contract or property right, and shares held by spouses, certain relatives and minor children over whom the listed person may have influence by reason of relationship. |

| (3) | Of the shares held by Mr. Burrough, 144,260 shares were pledged as security for loans with FDIC-insured depository institutions as permitted by ChoiceOne's anti-hedging and pledging policy. |

Non-Employee Director Stock Ownership Guidelines ChoiceOne has established non-employee director stock ownership guidelines. Under the guidelines, each non-employee director is expected to acquire and continue to own at least 5,000 shares of the Company’s common stock. The shares that qualify for the minimum stock ownership level include owned shares (which include shares over which the director has sole voting and dispositive power and shared voting and dispositive power) and shares held through the Company’s Director Stock Purchase Plan. Each non-employee director is expected to achieve the target ownership level within five years of becoming a director. Current directors are expected to achieve the target ownership level within five years of the adoption of this policy. As of the date of this proxy statement, all non-employee directors were in compliance with these guidelines.

14

Security Ownership of Certain Beneficial Owners The following table sets forth the number of shares of ChoiceOne common stock reported to be beneficially owned by each person or group which is known to the Company to be a beneficial owner of 5% or more of ChoiceOne’s outstanding shares of common stock as of December 31, 2024.

| Name of Beneficial Owner    |     | Sole Voting 
       Power |     |        Sole 
 Dispositive 
       Power |     |  Shared 
  Voting 
   Power |     |      Shared 
 Dispositive 
       Power |     | Total Beneficial 
        Ownership |     | Percent  
 of       
 Class(1) |
| Blackrock, Inc.             
 50 Hudson Yards             
 New York, NY 10001          |     |     486,835