Ebert John W 4

What Happened

• John W. Ebert, a director of MVB Financial Corp. (MVBF), reported the conversion/settlement of time‑vested restricted stock units on 2026-06-01. The filing shows 4,001 shares were issued (acquired) and 3,902 shares were disposed; both entries are recorded at $0.00 because these were conversions/settlements of derivative awards, not open‑market cash purchases or sales.
• The reported transactions reflect RSUs that vested 100% (granted June 1, 2025). The filing does not list a cash value for the transactions.

Key Details

• Transaction date: 2026-06-01; filing date: 2026-06-03 (timely).
• Transaction type/code: M = exercise/conversion of derivative security (RSU settlement).
• Shares issued (acquired): 4,001 @ $0.00; shares disposed: 3,902 @ $0.00.
• Shares owned after transaction: Not provided in the excerpt of the filing.
• Relevant footnotes:
  • F1: 100% of the RSUs granted 6/1/2025 vested and shares are being issued.
  • F2: Includes 99 dividend equivalent shares accrued since grant.
  • F3: Includes 791 shares acquired through the Dividend Reinvestment Plan since last report.
  • F4: RSUs were granted under the 2022 Stock Incentive Plan and vested in full on their first anniversary.
• Filing appears timely (filed two days after the reported transaction date).

Context

• This was a vesting/settlement of restricted stock units (derivative conversion), not an open‑market buy or sell; such transactions commonly result in shares being issued to the insider and sometimes shares being withheld or disposed to cover taxes or other obligations (the filing records a disposition but does not specify the reason).
• Vesting/awards provide disclosure of insider share changes but do not necessarily indicate buying or selling sentiment the way open‑market purchases or sales do.