First National CEO gifts 675 FXNC shares

First National Corp President & CEO Scott C. Harvard reported a bona fide gift of company stock.

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Form Type

Rhea-AI Filing Summary

First National Corp President & CEO Scott C. Harvard reported a bona fide gift of company stock. On May 5, 2026, he transferred 675 shares of First National Corp common stock as a gift, with no sale proceeds.

After this disposition, he directly holds 71,565 shares of common stock. A gift transaction is a transfer without payment and is not an open-market purchase or sale, so it mainly updates his reported holdings rather than signaling a trading decision.

Insider Trade Summary

675 shares gifted

Gift 1 txn

Insider HARVARD SCOTT C

Role President & CEO

Type	Security	Shares	Price	Value
Gift	Common Stock, $1.25 par value	675	$0.00	$0.00

Holdings After Transaction: Common Stock, $1.25 par value — 71,565 shares (Direct)

Key Figures

Shares gifted: 675 shares Shares held after transaction: 71,565 shares Gift transactions: 1 transaction +1 more

4 metrics

Shares gifted 675 shares Bona fide gift on May 5, 2026

Shares held after transaction 71,565 shares Direct holdings after reported gift

Gift transactions 1 transaction Form 4 summary giftCount

Gifted shares total 675 shares Form 4 transactionSummary giftShares

Key Terms

Bona fide gift, Common Stock, $1.25 par value, Form 4, President & CEO

4 terms

Bona fide gift regulatory

"transaction_code_description: "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Common Stock, $1.25 par value financial

"security_title: "Common Stock, $1.25 par value""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

President & CEO financial

"officer_title: "President & CEO""

FAQ

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

What insider transaction did FXNC President & CEO Scott C. Harvard report?

Scott C. Harvard reported a bona fide gift of 675 shares of First National Corp common stock. This Form 4 shows a transfer without payment, updating his ownership record but not reflecting an open-market trade or investment decision.

How many FXNC shares did Scott C. Harvard gift in this Form 4 filing?

He gifted 675 shares of First National Corp common stock. The transaction code is G, described as a bona fide gift, meaning the shares were transferred without sale proceeds, distinguishing it from a typical market purchase or sale.

How many First National Corp (FXNC) shares does Scott C. Harvard hold after the gift?

Following the reported gift, Scott C. Harvard directly holds 71,565 shares of First National Corp common stock. This figure reflects his position after the 675-share bona fide gift disposition recorded in the Form 4 insider transaction.

Was the FXNC insider transaction by Scott C. Harvard a stock sale or a gift?

The transaction was a bona fide gift, not a stock sale. It is coded G on the Form 4, indicating a disposition by gift where the insider transfers 675 shares without receiving cash proceeds in an open-market transaction.

What does the bona fide gift code G mean in the FXNC Form 4 filing?

Code G on the Form 4 indicates a bona fide gift, meaning shares are given without consideration. In this case, 675 FXNC common shares were transferred as a gift, so the move changes reported holdings but does not represent a market buy or sell.

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

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Accepted by SEC EDGAR 05/06/2026 - 01:32 PM EDT

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^*

HARVARD SCOTT C

(Last)

(First)

(Middle)

112 W KING ST

(Street)

STRASBURG

VIRGINIA

22657

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST NATIONAL CORP /VA/ [ FXNC ]

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

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

2a. Foreign Trading Symbol

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

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, $1.25 par value	05/05/2026		G		675	D	$0	71,565	D

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)

Explanation of Responses:

	/s/ Christopher Suggs by Power of Attorney	05/06/2026
	** 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