[Form 4] FIRST NATL CORP STRASBURG VA Insider Trading Activity

Rhea-AI Filing Summary

Brannock Boyce E, a director of First National Corp (FXNC), reported the acquisition of 1,500 shares of common stock on 08/13/2025. The Form 4 shows the transaction price as $0 and reports total beneficial ownership of 8,598 shares after the transaction. The filing also notes an additional 110 indirect shares in an explanatory line.

The submission was executed by Christopher L Sugg by power of attorney on 08/14/2025. No derivative securities are reported and the form is filed by one reporting person.

Positive

• Director-level acquisition of 1,500 common shares was disclosed, increasing reported ownership to 8,598 shares
• Form 4 includes an explanatory note clarifying an additional 110 indirect shares

Negative

• Transaction price is reported as $0 and the filing does not provide further explanation of the consideration
• Filing contains no details on the purpose or context of the acquisition beyond the Section 16 disclosure

Insights

Financial Analyst

Insider acquisition of 1,500 shares reported; filing contains limited detail and shows no derivatives.

The Form 4 discloses a non-derivative acquisition of 1,500 common shares by director Brannock Boyce E on 08/13/2025, increasing reported beneficial ownership to 8,598 shares. The transaction price is recorded as $0 and the filing adds an explanatory note that 110 shares are held indirectly. Because the filing contains only this single non-derivative transaction and no information about consideration or intent, it is a straightforward disclosure rather than an earnings- or guidance-driven event.

Corporate Governance Expert

Routine Section 16 disclosure: director-level purchase reported; signature executed by POA.

The document meets Section 16 reporting requirements by showing the director-level change in beneficial ownership and includes a power-of-attorney signature dated 08/14/2025. There are no reported amendments, no derivative positions, and the filing is made by one reporting person. The report notes indirect ownership separately, which clarifies the ownership structure presented on the form.

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

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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^*

Brannock Boyce E

(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	8,598	D(1)

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:

1. Owns an additional 110 indirect shares.

	/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

What did Brannock Boyce E report on the FXNC Form 4?

The filing reports acquisition of 1,500 common shares on 08/13/2025, price shown as $0, increasing beneficial ownership to 8,598 shares.

Does the Form 4 for FXNC report any derivative securities?

No. Table II for derivative securities is empty; only a non-derivative acquisition of common stock is reported.

Who signed the FXNC Form 4 and when?

The form was signed by Christopher L Sugg by Power of Attorney on 08/14/2025.

Is the FXNC Form 4 filed by multiple reporting persons?

No. The filing indicates it was submitted by one reporting person.

Does the filing disclose any indirect ownership?

Yes. An explanation states the reporting person owns an additional 110 indirect shares.