Cordella Richard James JR 4

What Happened

• Cordella Richard James JR, a director of MVB Financial Corp. (MVBF), had restricted stock units convert to common shares on June 23, 2026. The Form 4 reports 3,791 shares acquired at $0.00 and 3,701 shares disposed at $0.00 (withholdings), resulting in 90 net shares issued to the insider. The exercise/conversion was non‑cash (exercise price $0), reflecting vested RSUs rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-23; filing date: 2026-06-25 (filed within the normal reporting window).
• Reported entries: 3,791 shares acquired via derivative conversion (code M) at $0.00; 3,701 shares disposed at $0.00 (tax withholding/disposal). Net shares retained: 90.
• Footnotes: F1 indicates 100% of the RSUs granted 6/23/2025 vested and shares were issued; F2 notes the 90 shares include dividend equivalent shares accrued since grant; F3 describes the time‑vesting schedule under the 2022 Stock Incentive Plan (100% vesting on first anniversary).
• The Form 4 does not report the insider’s total beneficial ownership after this transaction on this filing.

Context

• Code M (exercise or conversion of derivative) here represents RSUs vesting and converting into common stock. The simultaneous disposal of most shares is routine withholding to satisfy tax obligations — not a market sale decision.
• This was an award/vesting event (non‑cash); such filings document compensation vesting rather than an insider buying or selling shares as a market signal.