FVCBankcorp director exercises options, covers taxes
FVCBankcorp, Inc. director Sidney G. Simmonds exercised stock options for 21,483 shares of common stock at $9.216 per share on April 17, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
FVCBankcorp, Inc. director Sidney G. Simmonds exercised stock options for 21,483 shares of common stock at $9.216 per share on April 17, 2026. To cover the exercise cost and related taxes, 12,732 shares were withheld at $15.55 per share. After these compensation-related transactions, Simmonds directly holds 91,201 common shares.
Insider Trade Summary
21,483 shares exercised/converted
Exercise
3 txns
Insider
Simmonds Sidney G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 21,483 | $9.216 | $198K |
| Exercise | Common Stock | 21,483 | $9.216 | $198K |
| Exercise Price or Tax Liability | Common Stock | 12,732 | $15.55 | $198K |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
Common Stock — 91,201 shares (Direct)
Footnotes (1)
- F1. The Reporting Person elected to pay for the exercise cost by withholding securities incident to the vesting of a security (i.e., stock option exercise) based on a market price of $15.55 and issued in accordance with Rule 16b-3
Key Figures
Shares acquired via option exercise: 21,483 shares
Option exercise price: $9.216 per share
Shares withheld for taxes: 12,732 shares
+2 more
5 metrics
Shares acquired via option exercise
21,483 shares
Common stock acquired through stock option exercise on April 17, 2026
Option exercise price
$9.216 per share
Exercise price for stock options converted into common stock
Shares withheld for taxes
12,732 shares
Tax-withholding disposition at $15.55 per share
Post-transaction holdings
103,933 shares
Direct FVCBankcorp common stock owned after transactions
Tax-withholding reference price
$15.55 per share
Market price used for shares withheld incident to option exercise
Key Terms
stock option exercise, tax-withholding disposition, Rule 16b-3
3 terms
stock option exercise financial
"The Reporting Person elected to pay for the exercise cost by withholding securities incident to the vesting of a security (i.e., stock option exercise) based on a market price of $15.55"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" and transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 16b-3 regulatory
"based on a market price of $15.55 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sidney G. Simmonds report for FVCB?
Sidney G. Simmonds reported exercising stock options for 21,483 FVCBankcorp common shares. A portion of the resulting shares was withheld to cover the exercise cost and tax obligations, reflecting a compensation-related event rather than an open-market purchase or sale.
What tax-withholding activity is disclosed in Simmonds’s FVCB Form 4?
The Form 4 discloses a tax-withholding disposition of 12,732 FVCBankcorp shares at $15.55 per share. These shares were withheld incident to the option exercise to satisfy exercise costs and related tax liabilities, consistent with the description provided in the filing footnote.
Were Simmonds’s FVCBankcorp options fully exercised in this filing?
The filing reports a stock option exercise for 21,483 derivative shares, leaving zero derivative shares in that option award. This indicates that specific option grant, with a $9.216 exercise price, was fully exercised by the transaction date noted in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
