FJ Capital & Fund report 3.52% stake in FVCBankcorp (FVCB)

Rhea-AI Filing Summary

FJ Capital Management LLC, Financial Opportunity Fund LLC and Martin Friedman report shared voting and dispositive power over 632,902 shares of FVCBankcorp, Inc. common stock, representing 3.52% of the outstanding class. The shares are held by Financial Opportunity Fund LLC, of which FJ Capital Management is the managing member; FJ Capital and Mr. Friedman state shared control but disclaim sole beneficial ownership. The filing shows no sole voting or dispositive power and includes a certification that the securities were not acquired to change or influence the issuer's control.

Insights

Securities Analyst

TL;DR: A sub-5% disclosure showing shared ownership of 632,902 FVCB shares; likely neutral to valuation or control.

The reporting persons disclose shared voting and dispositive power over 632,902 shares (3.52%). Because the position is below the 5% threshold and the filers expressly disclaim acquisition for control purposes, this disclosure is informational rather than a signal of an activist intent. For investors, the filing confirms an identifiable stakeholder but not a trigger for governance changes or repricing based on control dynamics.

Corporate Governance Expert

TL;DR: Shared control stake disclosed with disclaimers; no indication of group formation or intent to influence board control.

The filing attributes the shares to Financial Opportunity Fund LLC, with FJ Capital Management LLC as managing member and Martin Friedman as managing member of FJ Capital. The reported position shows shared voting/dispositive power only and contains the standard certification that the holdings were not acquired to effect control changes. Absent additional agreements or a larger stake, this disclosure does not create an immediate governance risk or suggest coordination with other holders.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

FVCBankcorp, Inc. (FVCB)

(Name of Issuer)

Common Stock

(Title of Class of Securities)

36120Q101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 36120Q101

1

Names of Reporting Persons

FJ Capital Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 632,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 632,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

632,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.52 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Relating to items 6, 8, and 9 of this page: Consists of 632,902 shares of common stock of the Issuer held by Financial Opportunity Fund LLC, of which FJ Capital Management LLC is the managing member; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.

SCHEDULE 13G

CUSIP No. 36120Q101

1

Names of Reporting Persons

Financial Opportunity Fund LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 632,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 632,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

632,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.52 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Relating to items 6, 8, and 9 of this page: Consists of 632,902 shares of common stock of the Issuer held by Financial Opportunity Fund LLC.

SCHEDULE 13G

CUSIP No. 36120Q101

1

Names of Reporting Persons

Martin Friedman

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power
6	Shared Voting Power 632,902.00
7	Sole Dispositive Power
8	Shared Dispositive Power 632,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

632,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.52 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Relating to items 6, 8, and 9 of this page: Consists of 632,902 shares of common stock of the Issuer held by Financial Opportunity Fund LLC of which FJ Capital Management LLC is the managing member. Martin Friedman is the Managing Member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FVCBankcorp, Inc. (FVCB)
(b)	Address of issuer's principal executive offices: 11325 Random Hills Road, Suite 240, Fairfax, VA 22030
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed on behalf of the following Reporting Persons: FJ Capital Management LLC Financial Opportunity Fund LLC Martin Friedman
(b)	Address or principal business office or, if none, residence: FJ Capital Management, LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Financial Opportunity Fund LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Martin Friedman 7901 Jones Branch Drive, Suite 210 McLean, VA 22102
(c)	Citizenship: Financial Opportunity Fund LLC and FJ Capital Management LLC - Delaware limited liability companies Martin Friedman - United States citizen
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 36120Q101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: FJ Capital Management LLC - 632,902 shares Financial Opportunity Fund LLC - 632,902 shares Martin Friedman - 632,902 shares
(b)	Percent of class: FJ Capital Management LLC - 3.52% Financial Opportunity Fund LLC - 3.52% Martin Friedman - 3.52%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: FJ Capital Management LLC - 632,902 shares Financial Opportunity Fund LLC - 632,902 shares Martin Friedman - 632,902 shares
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: FJ Capital Management LLC - 632,902 shares Financial Opportunity Fund LLC - 632,902 shares Martin Friedman - 632,902 shares
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FJ Capital Management LLC

Signature:	Martin Friedman
Name/Title:	Managing Member
Date:	07/16/2025

Financial Opportunity Fund LLC

Signature:	FJ Capital Management LLC
Name/Title:	its Managing Member
Date:	07/16/2025

Signature:	Martin Friedman
Name/Title:	Managing Member
Date:	07/16/2025

Martin Friedman

Signature:	Martin Friedman
Name/Title:	Managing Member
Date:	07/16/2025

FAQ

How many FVCBankcorp (FVCB) shares do the reporting persons disclose?

The filing reports 632,902 shares of FVCBankcorp common stock.

What percentage of FVCBankcorp does 632,902 shares represent?

The disclosed position represents 3.52% of the outstanding class.

Who holds the shares reported in the Schedule 13G/A for FVCB?

The shares are held by Financial Opportunity Fund LLC; FJ Capital Management LLC is the fund's managing member and Martin Friedman is the managing member of FJ Capital.

Do the reporting persons claim sole voting or dispositive power over the shares?

No. The filing reports 0 shares with sole voting or dispositive power and 632,902 shares with shared voting and dispositive power.

Does the filing indicate an intent to influence control of FVCBankcorp (FVCB)?

The filing includes a certification stating the securities were not acquired and are not held for the purpose of changing or influencing control.