Mazza Larry F 4

What Happened

• Larry F. Mazza, President & CEO and a director of MVB Financial Corp (MVBF), exercised stock options on 2026-01-29 to acquire 100,000 shares at $12.50 per share (total cost $1,250,000).
• To satisfy the exercise price/tax obligations, 16,758 shares were withheld/disposed at $28.26 each (valued at $473,581). The underlying option (100,000 shares) was recorded as disposed at $0, reflecting conversion of the option into shares.

Key Details

• Transaction date: 2026-01-29; Form 4 filed 2026-02-02 (filed within the required 2 business days).
• Option exercise: 100,000 shares acquired @ $12.50 (M code).
• Withholding/tax disposition: 16,758 shares withheld @ $28.26 (F code) — $473,581 value.
• Derivative disposition: 100,000 option units reported disposed @ $0 (represents the option conversion).
• Footnotes: F1—shares withheld to satisfy exercise price/taxes; F2—those shares are noted as owned by Melissa Mazza; F3—the option was fully vested and immediately exercisable.
• Shares owned after the transaction were not provided in the supplied excerpt.

Context

• This was an option exercise (not an open-market stock purchase or sale). The withholding of 16,758 shares to cover costs/taxes is a common cashless / share-withholding mechanic and does not necessarily signal a change in the insider’s view of the company. The option was fully vested and immediately exercisable per the filing.