Hall Wendy Adeler 4

What Happened
Wendy Adeler Hall, a director of MainStreet Bancshares, Inc. (MNSB), received a grant of 534 restricted shares on April 3, 2026. The award is valued at $22.48 per share, for a total fair value of $12,004. This was an equity award received in lieu of cash director fees, not an open-market purchase.

Key Details

• Transaction date and type: 2026-04-03 — Award/Grant (code A) of 534 shares at $22.48/share.
• Total value reported: $12,004 (fair value based on stock price on grant date).
• Filing: Form 4 filed 2026-04-17 for the 2026-04-03 transaction — this is more than two business days after the transaction and thus appears to be a late filing.
• Shares owned after the transaction: not specified in the filing excerpt provided.
• Footnote: Director elected to receive restricted stock awards in lieu of cash fees; amount reflects fair value on grant date.

Context
This was a compensation-related restricted stock award (received in lieu of cash fees), which is common for directors and does not necessarily indicate a personal market purchase or sale decision. Restricted shares are typically subject to vesting and other plan terms (per the footnote), so this award should be viewed as compensation rather than a direct bullish trading signal.