FERRICK PATRICIA A 4

What Happened

• Patricia A. Ferrick, President and Director of FVCBankcorp (FVCB), exercised stock options to acquire 3,746 shares at an exercise price of $9.22 per share (total exercise cost $34,523).
• To satisfy the tax withholding on the exercise, 714 of the newly issued shares were withheld/surrendered at a market price of $15.66 per share, valued at $11,181.
• Net result: Ferrick retained 3,032 shares from this exercise (3,746 exercised − 714 withheld). This was an option exercise (acquisition) with routine tax withholding, not an open‑market sale.

Key Details

• Transaction date: 2026-04-30; Filing date: 2026-05-01 (filed timely).
• Exercise details: 3,746 shares @ $9.22 = $34,523 (code M = option exercise/conversion).
• Tax withholding: 714 shares withheld @ $15.66 = $11,181 (code F = payment of tax liability via withholding). Footnote: withholding was done by surrendering shares incident to the vesting/exercise per Rule 16b-3.
• Shares owned after transaction: not specified in the provided Form 4 summary.
• No 10b5-1 plan or late‑filing indication in the provided data.

Context

• This is an option exercise (derivative conversion) rather than an open‑market purchase or sale. Withholding shares to cover taxes is a common, routine practice and does not necessarily signal a change in the insider's view of the company.
• For retail investors: exercises indicate the insider converted options into stock (a form of acquiring shares), but because some shares were surrendered for taxes, the net new shares added to Ferrick’s holdings were 3,032.