CB Financial Services, Inc.
US ˙ NasdaqGM ˙ US12479G1013

Introduction

This page provides a comprehensive analysis of the known insider trading history of Fox Mark E.. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Fox Mark E. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:CBFV / CB Financial Services, Inc. Director 12,414
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Fox Mark E.. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CBFV / CB Financial Services, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CBFV / CB Financial Services, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2024-12-09 CBFV Fox Mark E. 209 33.3500 209 33.3500 6,970 263 33.2900 -12 -0.18
2024-12-09 CBFV Fox Mark E. 58 33.3500 58 33.3500 1,934
2023-12-15 CBFV Fox Mark E. 275 23.7833 275 23.7833 6,540
2023-12-15 CBFV Fox Mark E. 168 23.7998 168 23.7998 3,998
2022-12-13 CBFV Fox Mark E. 250 22.7936 250 22.7936 5,698
2021-12-15 CBFV Fox Mark E. 250 24.1333 250 24.1333 6,033
2021-12-15 CBFV Fox Mark E. 55 24.2099 55 24.2099 1,332
2021-02-25 CBFV Fox Mark E. 165 20.6600 165 20.6600 3,409
2020-08-18 CBFV Fox Mark E. 670 18.5100 670 18.5100 12,402
2020-05-06 CBFV Fox Mark E. 340 22.7500 340 22.7500 7,735
2018-11-23 CBFV Fox Mark E. 115 26.1500 115 26.1500 3,007
2018-11-23 CBFV Fox Mark E. 180 26.1500 180 26.1500 4,707
2017-11-20 CBFV Fox Mark E. 75 29.6500 75 29.6500 2,224
2017-11-20 CBFV Fox Mark E. 150 29.6499 150 29.6499 4,447
2016-11-01 CBFV Fox Mark E. 82 22.9999 82 22.9999 1,886
2016-11-01 CBFV Fox Mark E. 180 22.9900 180 22.9900 4,138
2015-11-03 CBFV Fox Mark E. 80 21.4900 80 21.4900 1,719
2015-11-03 CBFV Fox Mark E. 180 21.5000 180 21.5000 3,870
2014-11-07 CBFV Fox Mark E. 125 19.5750 125 19.5750 2,447
2014-11-07 CBFV Fox Mark E. 200 19.5750 200 19.5750 3,915

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CBFV / CB Financial Services, Inc. Insider Trades
Insider Sales CBFV / CB Financial Services, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CBFV / CB Financial Services, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2024-12-16 CBFV Fox Mark E. 3,538 31.5000 3,538 31.5000 111,447 112 26.4800 -17,761 -15.94

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CBFV / CB Financial Services, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Fox Mark E. as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-02-19 2025-02-16 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 1,000 12,414 8.76
2024-12-18 2024-12-16 4 CBFV CB Financial Services, Inc.
Common Stock 		S - Sale -3,538 11,414 -23.66 31.50 -111,447 359,541
2024-12-18 2024-12-16 4 CBFV CB Financial Services, Inc.
Common Stock 		M - Exercise 5,000 14,952 50.24 22.25 111,250 332,682
2024-12-11 2024-12-09 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 58 783 8.00 33.35 1,934 26,113
2024-12-11 2024-12-09 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 209 6,987 3.08 33.35 6,970 233,016
2024-02-21 2024-02-16 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 1,000 9,952 11.17
2023-12-18 2023-12-15 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 168 168 23.80 3,998 3,998
2023-12-18 2023-12-15 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 275 6,778 4.23 23.78 6,540 161,203
2023-02-23 2023-02-16 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 1,000 8,952 12.58
2022-12-14 2022-12-13 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 250 6,503 4.00 22.79 5,698 148,227
2022-02-17 2022-02-16 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 1,000 7,952 14.38
2021-12-16 2021-12-15 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 55 725 8.21 24.21 1,332 17,552
2021-12-16 2021-12-15 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 250 6,253 4.16 24.13 6,033 150,906
2021-02-26 2021-02-25 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 165 6,003 2.83 20.66 3,409 124,022
2020-12-15 2020-12-14 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 750 6,952 12.09
2020-08-18 2020-08-18 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 670 670 18.51 12,402 12,402
2020-05-06 2020-05-06 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 340 5,838 6.18 22.75 7,735 132,814
2019-12-17 2019-12-14 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 1,000 6,202 19.22
2018-12-18 2018-12-14 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 750 5,202 16.85
2018-11-26 2018-11-23 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 180 5,498 3.38 26.15 4,707 143,773
2018-11-26 2018-11-23 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 115 4,452 2.65 26.15 3,007 116,420
2017-12-19 2017-12-15 4 CBFV CB Financial Services, Inc.
Stock Options 		A - Award 1,115 1,115
2017-12-19 2017-12-15 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 750 4,337 20.91
2017-11-21 2017-11-20 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 150 5,318 2.90 29.65 4,447 157,678
2017-11-21 2017-11-20 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 75 3,587 2.14 29.65 2,224 106,355
2016-12-20 2016-12-16 4 CBFV CB Financial Services, Inc.
Stock Options 		A - Award 1,400 1,400
2016-12-20 2016-12-16 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 500 3,512 16.60
2016-11-03 2016-11-01 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 180 560 47.37 22.99 4,138 12,874
2016-11-03 2016-11-01 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 82 7,620 1.09 23.00 1,886 175,259
2015-12-17 2015-12-16 4 CBFV CB Financial Services, Inc.
Stock Options 		A - Award 5,000 5,000
2015-12-17 2015-12-16 4 CBFV CB Financial Services, Inc.
Common Stock 		A - Award 750 7,538 11.05
2015-11-05 2015-11-03 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 180 380 90.00 21.50 3,870 8,170
2015-11-05 2015-11-03 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 80 6,788 1.19 21.49 1,719 145,874
2014-11-12 2014-11-07 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 200 200 19.58 3,915 3,915
2014-11-12 2014-11-07 4 CBFV CB Financial Services, Inc.
Common Stock 		P - Purchase 125 6,708 1.90 19.58 2,447 131,309
2014-10-22 3 CBFV CB Financial Services, Inc.
Common Stock 		13,891
2014-10-22 3 CBFV CB Financial Services, Inc.
Common Stock 		8,033
2014-10-22 3 CBFV CB Financial Services, Inc.
Common Stock 		13,891
2014-10-22 3 CBFV CB Financial Services, Inc.
Common Stock 		8,033
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)