FCBC director exercises RSUs, updates share holdings

Q: What equity awards did FCBC director M. Adam Sarver report in this Form 4?

Sarver reported exercising 928 restricted stock units into common stock on May 28, 2026, and receiving a new grant of 842 restricted stock units on May 27, 2026. These awards are part of his equity-based compensation.

Q: How many First Community Bankshares (FCBC) common shares does Sarver hold directly after these transactions?

After exercising 928 restricted stock units, Sarver holds 113,692 shares of FCBC common stock directly. This figure reflects his direct ownership as of the reported May 28, 2026 transaction date in the Form 4 filing.

Q: What indirect FCBC shareholdings are associated with M. Adam Sarver in this filing?

The filing shows 41,976 common shares held indirectly through Longview Properties, LLC, where Sarver holds 50% ownership, and 872 shares held by his wife. These positions are reported as indirect beneficial ownership interests.

Q: What stock option position does Sarver report in FCBC, and what are its key terms?

Sarver reports stock options over 3,958 shares of FCBC common stock with an exercise price of $33.00 per share and an expiration date of March 19, 2031. These options vest in three equal annual installments beginning March 31, 2022.

Q: When do M. Adam Sarver’s newly granted FCBC restricted stock units vest?

The 842 restricted stock units granted on May 27, 2026 vest in a single installment on May 27, 2027. Each unit represents a right to receive one FCBC common share or, at his election, the cash value of a share.

Q: Does this FCBC Form 4 show any open-market stock sales or purchases by Sarver?

The Form 4 does not report any open-market purchases or sales. Activity centers on restricted stock units converting into shares, a new restricted stock unit grant, and disclosure of existing direct and indirect holdings, plus an outstanding stock option position.

First Community Bankshares director M. Adam Sarver reported compensation-related equity activity and updated share holdings.

Filing Impact

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Filing Sentiment

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Rhea-AI Filing Summary

First Community Bankshares director M. Adam Sarver reported compensation-related equity activity and updated share holdings. On May 28, 2026, he exercised 928 restricted stock units, receiving the same number of common shares, which brought his direct common stock position to 113,692 shares.

He also received a new grant of 842 restricted stock units on May 27, 2026, each representing a contingent right to one share or the cash value, scheduled to vest in a single installment on May 27, 2027. Separate entries show additional direct holdings of 2,000 common shares, indirect ownership of 41,976 shares through Longview Properties, LLC, and 872 shares held by his wife.

Beyond common stock, Sarver holds stock options over 3,958 shares of common stock with a $33.00 exercise price, expiring on March 19, 2031. The filing reflects no reported open‑market purchases or sales, focusing instead on equity awards, their vesting, and current ownership levels.

Insider Trade Summary

928 shares exercised/converted

Exercise 7 txns

Insider SARVER M ADAM

Role Director

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS	928	$0.00	$0.00
Exercise	COMMON STOCK	928	$0.00	$0.00
holding	STOCK OPTION	--	--	--
holding	COMMON STOCK	--	--	--
holding	COMMON STOCK	--	--	--
holding	COMMON STOCK	--	--	--
Grant/Award	RESTRICTED STOCK UNITS	842	$0.00	$0.00

Holdings After Transaction: RESTRICTED STOCK UNITS — 842 contracts (Direct); COMMON STOCK — 115,692 shares (Direct); STOCK OPTION — 3,958 contracts (Direct); COMMON STOCK — 872 shares (Indirect, Wife); COMMON STOCK — 41,976 shares (Indirect, By Longview Properties, LLC)

Footnotes (5)

F1. Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock. The restricted stock units vested on May 28, 2026.
F2. Holds a 50% ownership in the company.
F3. Mr. Sarver is the custodian of his daughters' accounts.
F4. Stock options vest in three equal installments over three years beginning with 03/31/2022.
F5. Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units vest in one installment on May 27, 2027.

Key Figures

RSUs exercised: 928 shares New RSU grant: 842 units Direct common shares: 113,692 shares +4 more

7 metrics

RSUs exercised 928 shares Restricted stock units converted to common stock on May 28, 2026

New RSU grant 842 units Restricted stock units granted on May 27, 2026, vesting May 27, 2027

Direct common shares 113,692 shares Direct FCBC common stock holdings after RSU conversion

Indirect LLC holdings 41,976 shares Common shares held indirectly through Longview Properties, LLC

Spousal holdings 872 shares Common shares held indirectly via wife

Stock option position 3,958 shares at $33.00 Option over FCBC common stock, expiring March 19, 2031

Exercise price $33.00/share Exercise price of stock options expiring March 19, 2031

Key Terms

restricted stock unit, stock option, indirect ownership, custodian, +1 more

5 terms

restricted stock unit financial

"Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

stock option financial

"Stock options vest in three equal installments over three years beginning with 03/31/2022."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By Longview Properties, LLC""

custodian financial

"Mr. Sarver is the custodian of his daughters' accounts."

A custodian is a financial institution that holds and safeguards an investor's assets—such as stocks, bonds, or cash—and records transactions on the investor's behalf. Think of it as a trusted caretaker or safe-deposit box for investments; it helps prevent loss or theft, handles paperwork and transfers, and provides transparency and regulatory checks, so investors can focus on decisions rather than the mechanics or security of asset storage.

exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did FCBC director M. Adam Sarver report in this Form 4?

Sarver reported exercising 928 restricted stock units into common stock on May 28, 2026, and receiving a new grant of 842 restricted stock units on May 27, 2026. These awards are part of his equity-based compensation.

How many First Community Bankshares (FCBC) common shares does Sarver hold directly after these transactions?

After exercising 928 restricted stock units, Sarver holds 113,692 shares of FCBC common stock directly. This figure reflects his direct ownership as of the reported May 28, 2026 transaction date in the Form 4 filing.

What indirect FCBC shareholdings are associated with M. Adam Sarver in this filing?

The filing shows 41,976 common shares held indirectly through Longview Properties, LLC, where Sarver holds 50% ownership, and 872 shares held by his wife. These positions are reported as indirect beneficial ownership interests.

What stock option position does Sarver report in FCBC, and what are its key terms?

Sarver reports stock options over 3,958 shares of FCBC common stock with an exercise price of $33.00 per share and an expiration date of March 19, 2031. These options vest in three equal annual installments beginning March 31, 2022.

When do M. Adam Sarver’s newly granted FCBC restricted stock units vest?

The 842 restricted stock units granted on May 27, 2026 vest in a single installment on May 27, 2027. Each unit represents a right to receive one FCBC common share or, at his election, the cash value of a share.

Does this FCBC Form 4 show any open-market stock sales or purchases by Sarver?

The Form 4 does not report any open-market purchases or sales. Activity centers on restricted stock units converting into shares, a new restricted stock unit grant, and disclosure of existing direct and indirect holdings, plus an outstanding stock option position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/29/2026 - 01:42 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SARVER M ADAM

(Last)

(First)

(Middle)

PO BOX 989

(Street)

BLUEFIELD

VIRGINIA

24605

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY BANKSHARES INC /VA/ [ FCBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON STOCK	05/28/2026		M		928	A	⁽¹⁾	113,692	D
COMMON STOCK								872	I	Wife
COMMON STOCK								41,976⁽²⁾	I	By Longview Properties, LLC
COMMON STOCK								2,000	D⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
STOCK OPTION	$33							03/31/2022⁽⁴⁾	03/19/2031	COMMON STOCK	3,958		3,958	D
RESTRICTED STOCK UNITS	⁽¹⁾	05/28/2026		M			928	⁽¹⁾	⁽¹⁾	COMMON STOCK	928	$0	0	D
RESTRICTED STOCK UNITS	⁽⁵⁾	05/27/2026		A		842		⁽⁵⁾	⁽⁵⁾	COMMON STOCK	842	$0	842	D

Explanation of Responses:

1. Each restricted stock unit converted into one share of First Community Bankshares Inc. common stock. The restricted stock units vested on May 28, 2026.

2. Holds a 50% ownership in the company.

3. Mr. Sarver is the custodian of his daughters' accounts.

4. Stock options vest in three equal installments over three years beginning with 03/31/2022.

5. Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units vest in one installment on May 27, 2027.

	M. Adam Sarver by: Sarah W. Harmon (His Attorney-in-Fact)	05/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR