Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)
LINKBANCORP, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
53578P105
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(CUSIP Number)
Ken Lehman, 122 N Gordon Rd, Fort Lauderdale, FL 33301 (703) 975-7967
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(Name, address and telephone number of person authorized
to receive notices and communications)
November 30, 2023
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [ ].
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 ("Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
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1. Names of Reporting Persons................................ Kenneth R. Lehman
I.R.S. Identification Nos. of Above Persons.............................. NA
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2. Check the appropriate box if a Member of a Group (See instructions)
(a) [ ]
(b) [ ]
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3. SEC use only
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4. Source of Funds.......................................................... OO
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5. Check if Disclosure of Legal Proceedings
Is Required Pursuant to Item 2(d) of 2(e)............................... [ ]
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6. Citizenship............................................................. USA
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Number of (7) Sole Voting Power................................. 8,724,588
Shares
Beneficially (8) Shared Voting Power....................................... 0
Owned by
Each Reporting (9) Sole Dispositive Power............................ 8,724,588
Person
With (10) Shared Dispositive Power................................. 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person..... 8,724,588
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12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares........ [ ]
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13. Percent of Class Represented by Amount in Row 11..................... 23.4%
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14. Type of Reporting Person (See Instructions)............................. IN
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Item 1. Security and Issuer
This statement relates to the common stock, par value $.01 (the "Common Stock")
of LINKBANCORP, Inc. (the "Issuer"). The Issuer's principal executive offices
are located at 1250 Camp Hill Bypass, Suite 202, Camp Hill, PA 17011.
Item 2. Identity and Background
(a) This statement is filed by Kenneth R. Lehman (the "Reporting Person").
(b) The address of the Reporting Person is 122 North Gordon Road, Fort
Lauderdale, Florida 33301.
(c) The Reporting Person is a private investor.
(d) The Reporting Person has not, during the last five years, been convicted
in a criminal proceeding.
(e) The Reporting Person has not, during the last five years, been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction and, as a result of such proceeding, was, or is subject to, a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, Federal or State securities laws or finding
any violation with respect to such laws.
(f) The Reporting Person is a United States citizen.
Item 3. Source and Amount of Funds and Other Consideration
On November 30, 2023, the Reporting Person received 8,493,588 shares of Common
Stock in exchange for shares of Partners Bancorp common stock in connection
with the Issuer's acquisition of Partners Bancorp. In addition, the Reporting
Person previously owned 231,000 shares of Common Stock, which were acquired
more than 60 days ago. The Reporting Person has not acquired any other shares
of Common Stock within the last 60 days.
Item 4. Purpose of the Transaction
The Reporting Person acquired all shares of Partners Bancorp common stock that
were exchanged for Common Stock, and all other shares of Common Stock that he
previously owned, for investment. The Reporting Person does not have any plans
or proposals that relate to or would result in: (a) the acquisition by any
person of additional securities of the Issuer, or the disposition of securities
of the Issuer; (b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or any of
its subsidiaries; (d) any change in the present board of directors or
management of the Issuer, including any plans or proposals to change the number
or term of directors or to fill any existing vacancies on the board; (e) any
material change in the present capitalization or dividend policy of the Issuer;
(f) any other material change in the Issuer's business or corporate
structure;(g) changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person; (h) causing a class of securities of the
Issuer to be delisted from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of a registered
national securities association; (i) a class of equity securities of the Issuer
becoming eligible for termination of registration pursuant to section 12(g)(4)
of the Securities Exchange Act; or (j) any action similar to any of those
enumerated in (a) through (i) above.
The Reporting Person may from time to time to review or reconsider his
intention in holding and/or acquiring shares of Common Stock, and at such time
may formulate a plan or proposal that relates to or would result in one or more
of the matters referred to above in (b) through (j).
Item 5. Interest in Securities of the Issuer
(a) The Reporting Person owns 8,724,588 shares of Common Stock, or an
estimated 23.4%, of the outstanding shares.
(b) The Reporting Person has sole power to vote, direct the vote of, dispose
of, or direct the disposition of all reported shares of Common Stock.
(c) The reporting Person acquired 8,493,588 shares of Common Stock on November
30, 2023 in connection with the Issuer's acquisition of Partners Bancorp, Inc.,
and has not acquired any other shares of Common Stock within the last 60 days.
(d) No other person has the power to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of the shares of
Common Stock.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Of the 8,724,588 shares of Common Stock owned by the Reporting Person,
8,617,379 shares are pledged to collateralize loans pursuant to agreements
between the Reporting Person and three unaffiliated community banks, which loan
agreements include standard default and similar provisions. Other than in
connection with the agreements described herein, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) between the
Reporting Person and any person with respect to any securities of the Issuer,
including but not limited to transfer or voting of any other securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, divisions of profits or loss, or the giving or
withholding of proxies.
Item 7. Materials to be Filed as Exhibits
Not applicable.
Signature
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: December 1, 2023
/s/ Kenneth R. Lehman
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Kenneth R. Lehman