DeLeon Rafael E 4

What Happened

• Rafael E. DeLeon, a director of MainStreet Bancshares (MNSB), received an award of 1,068 restricted shares on April 3, 2026. The award is recorded at $22.48 per share for a total fair value of $24,009. This transaction is an award/acquisition (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: April 3, 2026 — 1,068 shares at $22.48 per share (total $24,009).
• Transaction type: Award/grant of restricted stock (SEC code A).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The shares were issued in lieu of cash director fees under the company’s equity incentive plan; the reported amount reflects fair value based on the stock price on the grant date.
• Filing timing: Form 4 filed April 17, 2026 for an April 3 transaction — appears to be filed later than the typical 2-business-day Form 4 deadline.

Context

• These restricted stock awards replace cash compensation and are typically subject to vesting and transfer restrictions, so they are not immediately liquid. Such awards are routine for directors and reflect compensation method rather than an explicit market signal.