First Community (FCBC) SVP Sarah Harmon Exercises Options, Sells Shares

What Happened

• Sarah W. Harmon, Senior Vice President & General Counsel of First Community Bankshares Inc. (FCBC), exercised 5,157 stock options on 2026-08-21 at a $33.00 strike (total exercise cost $170,181). Immediately afterward she sold 4,329 of those shares in the open market for about $49.21 each, generating proceeds of $213,030. The Form 4 also shows the derivative (the options) being converted/closed as part of the exercise.

Key Details

• Transaction date: 2026-08-21; Form filed 2026-08-24 (timely within SEC filing window).
• Exercise: 5,157 options exercised @ $33.00 each = $170,181 (coded M).
• Sale: 4,329 shares sold @ average $49.21 = $213,030 (coded S). Sale price breakdown per filing: 3,742 @ $49.20; 105 @ $49.21; 238 @ $49.22; 147 @ $49.23; 97 @ $49.55 (footnote F1).
• Derivative disposition: 5,157 derivative units shown disposed @ $0.00 — reflects conversion of options into shares upon exercise.
• Net shares retained from this sequence: +828 shares (5,157 acquired − 4,329 sold). The filing does not state total shares beneficially owned after these transactions beyond this net change.
• Vesting/award notes: the exercised options vest in three equal installments starting 03/31/2022 (F2). There are also outstanding restricted stock units with cliff/ performance-based vesting dates in 2027–2029 (F3–F5).

Context

• This was an option exercise followed by a contemporaneous sale of a portion of the shares — a common pattern when insiders exercise options and sell some shares (often to cover exercise costs and taxes), but the filing itself does not state the insider’s reason.
• Purchases are typically viewed as a clearer bullish signal than routine exercises followed by sales; here Harmon retained 828 shares after the transactions.