Maculaitis Victor Ray 4

What Happened

• Victor Maculaitis, a director of MVB Financial Corp. (MVBF), had restricted stock units vest on June 1, 2026 and the RSUs were converted into 4,001 shares (reported as derivative exercise/conversion, code M). Of those, 3,902 shares were disposed (reported as derivative disposition) — commonly done to satisfy tax withholding — leaving a net issuance of 99 shares to the insider. All transactions show an exercise/conversion price of $0.00 (no cash paid).

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03.
• Reported entries: 4,001 shares acquired (conversion) @ $0.00; 3,902 shares disposed (withheld) @ $0.00.
• Net new shares to insider: 99 shares.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: 100% of RSUs granted June 1, 2025 vested and shares are being issued.
  • F2: Includes 99 dividend equivalent shares accrued since grant.
  • F3: RSUs were granted under the MVB Financial Corp. 2022 Stock Incentive Plan and vest 100% on the first anniversary of the grant date.
• Filing timeliness: Form filed June 3 for a June 1 transaction; no late filing flag indicated.

Context

• These entries reflect RSU vesting and conversion to common shares rather than an open-market buy or voluntary sale. The disposal of 3,902 shares appears to be routine withholding to cover taxes or similar obligations, which is common with vested awards. Net issuance of 99 shares corresponds to dividend equivalents accrued since grant. Such vesting events are compensatory and do not, by themselves, indicate insider buying or selling sentiment.