Robertson Holding Company Exits Position in Commercial Bancgroup via Asset Distribution to Trusts

Robertson Holding Company, L.P. (RHC) filed an amendment to Schedule 13D indicating it has ceased to be a beneficial owner of more than five percent of Commercial Bancgroup, Inc. (CBK). Between March 3 and March 6, 2026, RHC distributed its assets to its limited partners, transferring 1,112,931 shares to the Edwin G. Robertson Children's Irrevocable Trust (EGR Trust) and 1,091,460.5 shares to the Craig E. Robertson Children's Irrevocable Trust (CER Trust). Following these transfers, RHC's direct ownership is reduced to zero shares (0.0%). The filing is a joint submission by RHC, John Adam Robertson, Aaron A. Robertson, and the respective trusts. John Adam Robertson now reports beneficial ownership of 1,162,481.5 shares (8.5%), and Aaron A. Robertson reports 1,105,117 shares (8.1%), largely through their roles as sole trustees of the aforementioned trusts. No purchase price was paid for the intra-family trust transfers. J. Robertson also reported a minor purchase of 266 shares in January 2026.