SARVER M ADAM 4

What Happened

• Adam M. Sarver, a director and reported 50% owner of First Community Bankshares Inc. (FCBC), converted 928 restricted stock units (RSUs) into 928 shares on 2026-05-28 and those 928 shares were disposed/transferred (reported at $0). He was also awarded 842 RSUs on 2026-05-27 (reported as a zero-cost grant).
• The conversions/transactions are reported as derivative actions (transaction code M for conversion/exercise and A for award). No cash value is shown on the Form 4 for the conversions or the grant (prices reported as $0 or N/A).

Key Details

• Transaction dates: RSU grant 05-27-2026 (842 RSUs); RSU conversion and transfer 05-28-2026 (928 RSUs → 928 shares, disposed at $0).
• Prices/values: Conversion/disposition reported at $0 or N/A on the filing; grant reported at $0.
• Shares owned after transaction: Not specified on the provided Form 4.
• Footnotes of note:
  • F1: Each converted RSU became one share; those RSUs vested on May 28, 2026.
  • F5: The 842 RSUs awarded represent contingent rights to one share each and vest in one installment on May 27, 2027.
  • F2: Sarver holds a 50% ownership stake in the company (meaning he is a >10% owner under Section 16 rules).
  • F3: Sarver is custodian for his daughters' accounts (relevant if transfers were to custodial accounts).
• Filing timeliness: Report covers activity through 05-28-2026 and was filed 05-29-2026 (filed promptly).

Context

• The Form shows conversion of vested RSUs into shares and an immediate transfer/disposition at $0 — this is not reported as a market sale for cash. Footnotes indicate the converted RSUs vested on 5/28/2026 and the new RSU award vests in 2027.
• For retail investors, grants of RSUs are compensation and not necessarily a market signal; conversions and transfers at $0 can reflect tax withholding, transfers to custodial accounts, or other non-sale movements — the filing does not show a cash sale.