FXNC Director Kirtesh Patel Receives 1,113-Share Award

What Happened Kirtesh Patel, a director of First National Corp /VA/ (ticker: FXNC), received an award/grant of 1,113 shares on August 12, 2026. The filing reports an acquisition price of $0.00 for the shares (transaction code A — award/grant), so the reported cash value of the transaction is $0. This is a grant/compensation event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-12; Form 4 filed: 2026-08-13 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares involved: 1,113 shares granted.
• Reported price/value: $0.00 per share; total reported cash consideration $0.
• Shares owned after transaction: Not specified in the details provided.
• Footnotes/notes: No 10b5-1, tax-withholding, or other special footnotes listed in the provided summary.

Context Awards (code A) typically reflect compensation, director equity grants, or similar issuances and do not represent a market purchase or sale that signals trading intent. Because the reported acquisition value is $0, these shares were likely granted as part of compensation or a board award rather than bought with cash. Retail investors should view such grants as part of company compensation practices rather than a direct insider buying signal.