X0306 4 2019-12-26 0 0000767405 SB FINANCIAL GROUP, INC. SBFG 0001497869 GATHMAN JONATHAN R. 703 BURNING TREE DRIVE DEFIANCE OH 43512 0 1 0 0 EVP OF SUBSIDIARY COMMON STOCK 9646 I ESOP COMMON STOCK 4916 D COMMON STOCK 2019-12-26 4 C 0 4954 0 A 27326 I JOINT W/ SPOUSE SERIES A 6.50% PREFERRED STOCK 0 2019-12-26 4 C 0 5000 D COMMON STOCK 4954 0 D THE SHARES WERE ACQUIRED PURSUANT TO A GRANT OF RESTRICTED STOCK UNITS UNDER THE COMPANY'S STOCK INCENTIVE PLAN. THE AWARD VESTS IN FOUR EQUAL INTALLMENTS BEGINNING FEBRUARY 5TH. 2016 AWARD=1,992; 1494 SHS VESTED=498 2017 AWARD=2,936; 1468 SHS VESTED=1468 2018 AWARD=1,800; 450 SHS VESTED=1350 2019 AWARD=1,600 (498+1468+1350+1600=4,916) THE SERIES A CONVERTIBLE PREFERRED STOCK WAS CONVERTIBLE INTO COMMON STOCK AFTER 5 YEARS AND HAD NO EXPIRATION DATE. THE ISSUER EXERCISES ITS RIGHT TO MANDATORILY CONVERT ALL OUTSTANDING SHARES OF SERIES A PREFERRED STOCK EFFECTIVE DECEMBER 26, 2019. AS OF SUCH DATE, EACH SHARE OF SERIES A PREFERRED STOCK WAS CONVERTED AT A CONVERSION RATE OF .9908093 JONATHAN R. GATHMAN 2019-12-30