Sec Form 3 Filing - Covelens Courtney Lee @ QNB CORP - 2023-02-28

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Covelens Courtney Lee 2. Issuer Name and Ticker or Trading Symbol QNB CORP [ QNBC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, Chief Retail Officer (Last) (First) (Middle) PO BOX 9005 3. Date of Earliest Transaction (MM/DD/YY) 02/28/2023 (Street) QUAKERTOWN, PA18951-9005 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 1,469.7726 D

< td> Common Stock (Right to Buy) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Common Stock (Right to Buy) $ 43.6 02/20/2021 02/20/2023 Common Stock 300 D $ 38.15 02/15/2022 02/15/2024 Common Stock 300 D Common Stock (Right to Buy) $ 36.5 02/14/2023 02/14/2025 Common Stock 750 D Common Stock (Right to Buy) $ 32.5 02/15/2024 02/15/2026 Common Stock 750 D Common Stock (Right to Buy) $ 37.26 02/15/2025 02/15/2027 Common Stock 1,000 D Common Stock (Right to Buy) $ 29.51 02/15/2024 02/15/2033 Common Stock 700 D Common Stock (Right to Buy) $ 29.51 02/15/2025 02/15/2033 Common Stock 700 D Common Stock(Right to Buy) $ 29.51 02/15/2026 02/15/2033 Common Stock 700 D Common Stock(Right to Buy) $ 29.51 02/15/2027 02/15/2033 Common Stock 700 D Common Stock(Right to Buy) $ 29.51 02/15/2028 02/15/2033 Common Stock 700 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Covelens Courtney Lee PO BOX 9005 QUAKERTOWN, PA18951-9005 EVP, Chief Retail Officer Signatures Courtney L Covelens 03/02/2023 Signature of Reporting Person Date

Explanation of Responses:
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).

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