Vari Richard Alexander 4

What Happened

• Vari Richard Alexander, Chief Financial Officer of MainStreet Bancshares, sold 4,500 shares in an open-market transaction on June 4, 2026. The shares were sold at $23.20 each for total proceeds of $104,400. This was a straightforward sale (not an option exercise or award) and is often routine rather than a directional signal.

Key Details

• Transaction date: June 4, 2026
• Price per share: $23.20; Shares sold: 4,500; Total proceeds: $104,400
• Transaction type/code: Open-market sale (S)
• Shares owned after transaction: Not disclosed in the filing
• Footnote: The reporting person used the net proceeds from the sale to purchase a residence (footnote F1)
• Filing timeliness: Reported on the same day (filed June 4, 2026) — appears timely

Context

• Sales by executives can be routine (for diversification, liquidity, or personal reasons such as buying a home) and do not by themselves indicate the insider’s view of the company’s prospects. There was no indication this was part of a derivative transaction, tax-withholding, or a 10b5-1 plan in the filing.