FVCBankcorp (NASDAQ: FVCB) CEO exercises options, net shareholding rises
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. Chairman & CEO David W. Pijor exercised stock options and covered related taxes using shares. He exercised options for 97,656 shares of Common Stock at $9.216 per share. To pay the exercise costs and tax liability, 25,365 shares were withheld at a market price of $15.61, a non‑market “tax-withholding disposition.” After these compensation-related transactions, he directly holds 610,091 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
97,656 shares exercised/converted
Mixed
3 txns
Insider
PIJOR DAVID W
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 97,656 | $9.216 | $900K |
| Exercise | Common Stock | 97,656 | $9.216 | $900K |
| Tax Withholding | Common Stock | 25,365 | $15.61 | $396K |
Holdings After Transaction:
Stock Options — 0 shares (Direct, null);
Common Stock — 610,091 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options exercised: 97,656 shares
Option exercise price: $9.216 per share
Shares withheld for taxes: 25,365 shares
+3 more
6 metrics
Options exercised
97,656 shares
Common Stock acquired via option exercise on 2026-04-21
Option exercise price
$9.216 per share
Exercise price for 97,656 options
Shares withheld for taxes
25,365 shares
Tax-withholding disposition at $15.61 market price
Withholding reference price
$15.61 per share
Market price used to value withheld shares
Post-transaction holdings
610,091 shares
Common Stock directly owned after transactions
Option expiration
2026-05-19
Expiration date of exercised stock options
Key Terms
stock option award, tax liability, derivative security, Rule 16b-3
4 terms
stock option award financial
"incident to the vesting of a security (i.e., stock option award) based on a market price"
tax liability financial
"elected to pay for the exercise costs and tax liability by withholding securities incident"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 16b-3 regulatory
"based on a market price of $15.61 and issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What did FVCBankcorp (FVCB) CEO David W. Pijor report in this Form 4?
David W. Pijor reported exercising stock options and settling related taxes with shares. He exercised options for 97,656 FVCBankcorp common shares and used 25,365 shares to cover exercise costs and tax liability, all as part of a compensation-related transaction.
What happened to the CEO’s FVCBankcorp (FVCB) stock options in this filing?
The CEO exercised 97,656 stock options with a $9.216 exercise price, linked to an award that could convert into common shares. After this exercise, the related derivative position shows zero remaining, indicating those particular options have been fully exercised and are no longer outstanding.