FIRST NATL CORP (FXNC) director reports 1,500-share acquisition

Rhea-AI Filing Summary

FIRST NATL CORP (FXNC) director Toni T. Lee-Andrews reported an acquisition of 1,500 common shares on 08/13/2025 via a Form 4. The transaction is coded A (acquisition) with a reported price of $0, bringing her direct beneficial ownership to 5,603 shares. The form was signed by Christopher L. Sugg by power of attorney on 08/14/2025.

Positive

• Director Toni T. Lee-Andrews reported an acquisition of 1,500 shares on 08/13/2025, increasing direct beneficial ownership to 5,603 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director acquired 1,500 shares; filing shows acquisition at $0 but size appears limited and likely not materially market-moving.

The Form 4 documents a direct acquisition of 1,500 common shares by director Toni T. Lee-Andrews on 08/13/2025, increasing direct holdings to 5,603 shares. The reported price is $0 and the transaction code is A, but the filing provides no valuation context or explanation of consideration. Without additional detail on the nature of the award or company size, the economic and market impact is unclear.

Corporate Governance Expert

TL;DR: Insider acquisition recorded; procedural signature by POA noted, but filing lacks context on grant type or rationale.

The disclosure indicates the reporting person is a director and that the Form 4 was executed by a named attorney-in-fact on 08/14/2025. The increase to 5,603 directly owned shares is clearly reported, but the form does not explain whether the acquisition stems from compensation, a grant, or another arrangement. That missing context limits assessment of governance implications.

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
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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^*

Lee-Andrews Toni T

(Last) (First) (Middle)

112 WEST KING STREET

(Street)

STRASBURG VA 22657

(City) (State) (Zip)

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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, $1.25 par value	08/13/2025		A		1,500	A	$0	5,603	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Christopher L Sugg, by Power of Attorney	08/14/2025
	** 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

Who filed the Form 4 for FIRST NATL CORP (FXNC)?

The reporting person is Toni T. Lee-Andrews, identified as a Director of FIRST NATL CORP (FXNC).

What transaction was reported on the FXNC Form 4?

An acquisition of 1,500 common shares was reported with transaction date 08/13/2025 and transaction code A.

What price was reported for the insider acquisition in the FXNC filing?

The Form 4 lists a reported price of $0 for the acquisition.

How many FXNC shares does the reporting person own after the transaction?

Following the reported transaction, the reporting person directly beneficially owns 5,603 shares.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 was signed by Christopher L. Sugg by power of attorney on 08/14/2025.