Vari Richard Alexander 4

What Happened

• Vari Richard Alexander, Chief Financial Officer of MainStreet Bancshares, had 1,501 shares disposed on 2026-02-20 to satisfy a tax liability (transaction code F). The shares were valued at $20.36 each for a total of $30,560. The filing also references a prior grant (transaction code A) on 2024-02-20 of 7,155 shares at $22.65 each, valued at $162,061.

Key Details

• Transaction dates and prices:
  • 2026-02-20: 1,501 shares withheld/disposed at $20.36, total $30,560 (tax withholding).
  • 2024-02-20: 7,155 shares granted at $22.65, total $162,061 (award/grant).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The 7,155-share award is part of the Issuer's 2019 Equity Incentive Plan and includes unvested stock awards that vest over a three-year period.
• Filing timeliness: Report filed 2026-02-24 for a 2026-02-20 transaction; this is within the typical two business-day Form 4 reporting window (timely).

Context

• Transaction code F indicates shares were withheld/disposed specifically to cover tax withholding obligations tied to equity compensation—this is an administrative, tax-related disposition rather than an open-market sale. The earlier 2024 transaction (A) was a grant/award of restricted stock or similar equity that vests over time; the withholding likely relates to vesting of that or a related award. This type of withholding is routine and does not necessarily indicate management sentiment about the stock.