Nelson Kelly R 4

What Happened Nelson Kelly R (Director) received a grant of 2,652 restricted stock units (RSUs) on 2026-07-01. The Form 4 reports the transaction as an award/derivative (code A) with an acquisition price of $0.00 (reported value $0 on the Form 4). These RSUs are time‑vested and will convert to shares only after vesting; no open‑market purchase or sale occurred.

Key Details

• Transaction date: 2026-07-01; Form 4 filed 2026-07-02 (timely filing).
• Transaction type/code: Award/Grant (A); derivative RSUs reported at $0.00.
• Shares granted: 2,652 RSUs; vesting: 100% on the first anniversary of the grant (per footnote F1).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• No 10b5-1 plan, gift, tax‑withholding or late‑filing footnotes disclosed in the provided information.

Context RSUs are compensation awards that convert into common shares only when they vest; they are not immediate purchases or sales and typically reflect company compensation decisions rather than direct buying/selling signals. The reported $0 on the Form 4 reflects the award nature of the grant as a derivative; actual economic value will depend on MVBF’s stock price at vesting.