Dooley John Elliott 4

What Happened
Director John Dooley received a grant of 221 shares of National Bankshares, Inc. (NKSH) on 2026-06-10. The shares were awarded at $0.00 per share (total reported value $0) as a time‑based stock award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (appears timely).
• Transaction type/code: Award/Grant (A). Price: $0.00; Shares acquired: 221; reported value: $0.00.
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnote: Award is time‑based and will vest on the one‑year anniversary of the grant.
• No indication of a sale, tax withholding, 10b5-1 plan, or cashless exercise in this filing.

Context
Time‑based awards to directors are typically compensation intended to align their interests with shareholders and do not by themselves signal a purchase motivated by confidence in the stock. Because the award vests in one year, Dooley will not have full ownership until the vesting date unless specified otherwise in later filings.