Owen Jan Lynn 4

What Happened

• Owen Jan Lynn, a director of MVB Financial Corp. (MVBF), had time-vested restricted stock units (RSUs) convert into 4,001 common shares on June 1, 2026 (transaction code M — conversion of a derivative). Of those shares, 3,902 were disposed of (zero-dollar price) — consistent with shares being withheld to satisfy tax withholding — leaving a net 99 shares issued to Lynn. The reported price is $0.00 because this was a conversion/issuance of RSU awards rather than a market purchase or sale.

Key Details

• Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-03). Filing appears timely.
• Shares acquired via conversion: 4,001 @ $0.00 (code M).
• Shares disposed (withheld): 3,902 @ $0.00 (code M; disposition consistent with tax withholding).
• Net shares retained by insider after the transaction: 99.
• Footnotes:
  • F1: 100% of RSUs granted June 1, 2025 vested and are being issued.
  • F2: Includes 99 dividend-equivalent shares accrued since grant (explains the net 99 shares retained).
  • F3: RSUs granted under the MVB Financial Corp. 2022 Stock Incentive Plan; these time-vested RSUs vest 100% on the first anniversary of grant.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This transaction is a routine conversion/vesting of RSU awards (compensation), not an open-market purchase or proactive sale; the zero price reflects issuance on vesting. The withholding/disposition of 3,902 shares is typical to cover required taxes and does not necessarily indicate a change in the director’s view of the stock.