MVB Financial (MVBF) director exercises RSUs, lifts common stock holdings to 4,251 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MVB Financial Corp director Victor Ray Maculaitis exercised equity awards to acquire additional common shares. On June 1, 2026, he converted 3,902 time-vested restricted stock units into common stock, leading to the issuance of 4,001 common shares, including dividend equivalent shares.

After these transactions, Maculaitis directly holds 4,251 shares of MVB Financial Corp common stock. The footnotes state that 100% of the restricted stock units granted on June 1, 2025 vested on the first anniversary of the grant date and that the award includes 99 dividend equivalent shares accrued since grant.

Insider Trade Summary

3,902 shares exercised/converted

Mixed 2 txns

Insider Maculaitis Victor Ray

Role null

Type	Security	Shares	Price	Value
Exercise	RSU - Time-Vested Award	3,902	$0.00	--
Exercise	Common Stock	4,001	$0.00	--

Holdings After Transaction: RSU - Time-Vested Award — 0 shares (Direct, null); Common Stock — 4,251 shares (Direct, null)

Footnotes (1)

100% of the restricted stock units, granted June 1, 2025, have vested and shares are being issued. Includes 99 dividend equivalent shares accrued since the time of grant. The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date.

Key Figures

Common shares acquired: 4,001 shares RSUs exercised: 3,902 units Dividend equivalent shares: 99 shares +2 more

5 metrics

Common shares acquired 4,001 shares Issued upon RSU vesting on June 1, 2026

RSUs exercised 3,902 units Time-vested restricted stock units converted to common stock

Dividend equivalent shares 99 shares Accrued since grant and included in issued shares

Shares owned after transaction 4,251 shares Director’s direct common stock holdings after June 1, 2026

Exercise transactions 2 transactions One derivative RSU exercise and one related common stock entry

Key Terms

restricted stock units, dividend equivalent shares, time-vested restricted stock units, 2022 Stock Incentive Plan

4 terms

restricted stock units financial

"100% of the restricted stock units, granted June 1, 2025, have vested"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalent shares financial

"Includes 99 dividend equivalent shares accrued since the time of grant."

time-vested restricted stock units financial

"The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan"

2022 Stock Incentive Plan financial

"granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary"

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 04:25 PM

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Maculaitis Victor Ray

(Last)

(First)

(Middle)

174 S 620 W

(Street)

IVINS

UTAH

84738

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MVB FINANCIAL CORP [ MVBF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/01/2026	06/01/2026	M⁽¹⁾		4,001⁽²⁾	A	$0	4,251	D

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
RSU - Time-Vested Award	$0	06/01/2026	06/01/2026	M			3,902	06/01/2026	⁽³⁾	Common Stock	3,902	$0	0	D

Explanation of Responses:

1. 100% of the restricted stock units, granted June 1, 2025, have vested and shares are being issued.

2. Includes 99 dividend equivalent shares accrued since the time of grant.

3. The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date.

Remarks:

	Lisa J McCormick POA for Victor Ray Maculaitis	06/03/2026
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MVB Financial (MVBF) director Victor Ray Maculaitis report?

Victor Ray Maculaitis reported exercising equity awards to receive additional MVB Financial common stock. On June 1, 2026, he converted time-vested restricted stock units into 4,001 common shares, increasing his direct ownership to 4,251 shares after the transaction.

How many MVB Financial (MVBF) shares did the director acquire in this Form 4 filing?

The director acquired 4,001 shares of MVB Financial common stock. These shares were issued upon the vesting and exercise of 3,902 time-vested restricted stock units, which included 99 dividend equivalent shares accrued since the original grant date.

What happened to the restricted stock units held by the MVB Financial (MVBF) director?

All of the director’s time-vested restricted stock units granted on June 1, 2025 fully vested on June 1, 2026. The 3,902 vested units were exercised and converted into MVB Financial common stock, resulting in the issuance of 4,001 shares.

What is the director’s MVB Financial (MVBF) shareholding after the reported transactions?

Following the June 1, 2026 equity award exercise, the director directly holds 4,251 shares of MVB Financial common stock. This total reflects his updated ownership after converting all vested restricted stock units into common shares under the company’s 2022 Stock Incentive Plan.

Were dividend equivalent shares included in the MVB Financial (MVBF) director’s award vesting?

Yes. The vested award includes 99 dividend equivalent shares accrued since the original grant date. These dividend equivalents were added to the restricted stock unit award and were issued together with the common shares when the units vested and were converted.