First Community Bankshares (FCBC) risk chief adds 501 indirect shares

Rhea-AI Filing Summary

First Community Bankshares Inc. insider activity: Chief Risk Officer Derek A. Bonnett reported an indirect purchase of 501 shares of common stock on January 30, 2026 at $34.93 per share, held in his wife’s IRA.

After this transaction, he reports 1,917 common shares held directly and 1,331 common shares held indirectly through an Employee Stock Ownership & Savings Plan. He also reports direct holdings of restricted stock units representing 2,151, 1,667 and 1,888 shares, which vest between May 2026 and May 2028 based on performance criteria and continued employment, plus stock options for 977 shares at an exercise price of $33 expiring in March 2031.

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

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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^*

Bonnett Derek A

(Last) (First) (Middle)

PO BOX 989

(Street)

BLUEFIELD VA 24605

(City) (State) (Zip)

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK								1,917	D
COMMON STOCK								1,331(1)	I	By Employee Stock Ownership & Savings Plan
COMMON STOCK	01/30/2026		P		501	A	$34.93	501	I	IRA-Wife

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
RESTRICTED STOCK UNITS	(2)							(2)	(2)	COMMON STOCK	2,151		2,151	D
RESTRICTED STOCK UNITS	(3)							(3)	(3)	COMMON STOCK	1,667		1,667	D
RESTRICTED STOCK UNITS	(4)							(4)	(4)	COMMON STOCK	1,888		1,888	D
STOCK OPTION	$33							03/31/2022(5)	03/19/2031	COMMON STOCK	977		977	D

Explanation of Responses:

1. Shares increased due to quarterly dividend reinvestment.

2. 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 cliff vest on May 23, 2026 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2026 and the continued employment of the reporting person.

3. 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 cliff vest on May 29, 2027 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2027 and the continued employment of the reporting person.

4. 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. 30% of the restricted stock units cliff vest on May 28, 2028, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2028. All vesting is contingent upon the continued employment of the reporting person.

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

	Derel A. Bonnett by: Sarah W. Harmon (His Attorney-in-Fact)	02/02/2026
	** 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.

FAQ

What insider transaction did FCBC’s Derek A. Bonnett report?

Derek A. Bonnett reported an indirect purchase of 501 First Community Bankshares common shares. The shares were bought on January 30, 2026 at $34.93 per share and are held in his wife’s IRA, indicating additional personal exposure to FCBC equity.

How many FCBC common shares does Derek A. Bonnett hold after this Form 4?

After the reported transaction, Derek A. Bonnett reports 1,917 FCBC common shares held directly. He also reports 1,331 common shares held indirectly through an Employee Stock Ownership & Savings Plan, plus 501 shares indirectly through his wife’s IRA from the January 30, 2026 purchase.

What restricted stock units does Derek A. Bonnett hold in FCBC?

Bonnett holds restricted stock units tied to 2,151, 1,667 and 1,888 FCBC common shares. These awards vest on dates in May 2026, May 2027 and May 2028, subject to First Community Bankshares meeting specified three-year performance criteria and his continued employment with the company.

When do Derek A. Bonnett’s FCBC restricted stock units vest?

One RSU grant cliff vests on May 23, 2026, another on May 29, 2027, and a third vests 30% on May 28, 2028 with 70% based on performance through March 31, 2028. All vesting depends on performance targets and his continued employment.

What stock options in FCBC does Derek A. Bonnett report holding?

Bonnett reports stock options covering 977 First Community Bankshares common shares at a $33 exercise price. The options vest in three equal annual installments beginning March 31, 2022, and are scheduled to expire on March 19, 2031 if not exercised earlier under the award terms.

How are Derek A. Bonnett’s indirect FCBC holdings structured?

Bonnett reports indirect ownership of 1,331 FCBC common shares through an Employee Stock Ownership & Savings Plan and 501 shares in his wife’s IRA. These indirect holdings supplement his directly held common shares and equity awards in the company.