# EDGAR Filing Document

**Accession Number:** 0001605301
**File Stem:** 0001437749-25-023619
**Filing Date:** 2025-7
**Character Count:** 7369
**Document Hash:** 3597d1918ffd5877bca2d0574d009ca1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-023619.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001437749-25-023619

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250724

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Burchianti Ralph
- **CENTRAL INDEX KEY:** 0001622336

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36706
- **FILM NUMBER:** 251154926

**MAIL ADDRESS:**
- **STREET 1:** 100 N. MARKET STREET
- **CITY:** CARMICHAELS
- **STATE:** PA
- **ZIP:** 15320
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CB Financial Services, Inc.
- **CENTRAL INDEX KEY:** 0001605301
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 510534721
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 549300JEGYKCDOBSG664

**BUSINESS ADDRESS:**
- **STREET 1:** 100 NORTH MARKET STREET
- **CITY:** CARMICHAELS
- **STATE:** PA
- **ZIP:** 15320
- **BUSINESS PHONE:** (888) 223-8099

**MAIL ADDRESS:**
- **STREET 1:** 100 NORTH MARKET STREET
- **CITY:** CARMICHAELS
- **STATE:** PA
- **ZIP:** 15320

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Burchianti Ralph<br><sub>(Last) (First) (Middle)</sub><br>100 N. MARKET STREET<br><sub>(Street)</sub><br>CARMICHAELS, PA 15320<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-07-24 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_SEVP & Chief Credit Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>CB Financial Services, Inc. [ CBFV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-07-24 |  | M |  | 2500 | A | $22.25 | 78973<sup>(1)(2)(3)(4)(5)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 2200<sup>(9)</sup> | I | By Investment Club |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Options | $22.25 | 2025-07-24 |  | M |  |  |  | 2016-12-16 | 2025-12-16 | Common Stock | 2500 | $0 | 0 | D |  |
| Stock Options | $22.1200 |  |  |  |  |  |  | 2025-02-16 | 2034-02-16 | Common Stock | 5870<sup>(8)</sup> |  | 5870<sup>(8)</sup> | D |  |
| Stock Options | $22.0100 |  |  |  |  |  |  | 2024-02-16 | 2033-02-16 | Common Stock | 3800<sup>(7)</sup> |  | 3800<sup>(7)</sup> | D |  |
| Stock Options | $26.2500 |  |  |  |  |  |  | 2023-02-16 | 2032-02-16 | Common Stock | 5200<sup>(6)</sup> |  | 5200<sup>(6)</sup> | D |  |
| Stock Options | $30.7500 |  |  |  |  |  |  | 2018-12-15 | 2027-12-15 | Common Stock | 3280 |  | 3280 | D |  |
| Stock Options | $26.4500 |  |  |  |  |  |  | 2017-12-16 | 2026-12-16 | Common Stock | 2810 |  | 2810 | D |  |

---

### Footnotes:

(1) Includes shares of restricted stock which vest at a rate of 20% per year commencing on December 14, 2021.

(2) Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2023.

(3) Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2024.

(4) Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2025.

(5) Includes shares of restricted stock which vest at a rate of 20% per year commencing on February 16, 2026.

(6) Stock options vest at a rate of 20% per year commencing on February 16, 2023.

(7) Stock options vest at a rate of 20% per year commencing on February 16, 2024.

(8) Stock options vest at a rate of 20% per year commencing on February 16, 2025.

(9) The investment club owns a total of 2,200 shares of the issuer's common stock.  Mr. Burchianti has a 16.6% interest in the investment club and disclaims beneficial ownership with respect to 1,834 shares.

**Signature:** /s/ Matthew Lawrence, pursuant to power of attorney  
**Date:** 2025-07-28

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**