FIRST NATL CORP (FXNC) Form 4: Director Patel Kirtesh Buys 1,500 Shares

Rhea-AI Filing Summary

Patel Kirtesh, identified as a director of First National Corp (FXNC), reported an acquisition of 1,500 shares of common stock on 08/13/2025 at a reported price of $0. Following the reported transaction the reporting person directly beneficially owned 32,611 shares. The Form 4 was filed by one reporting person and signed by Christopher L. Sugg by power of attorney on 08/14/2025.

Positive

• Director-level acquisition recorded: 1,500 shares acquired on 08/13/2025
• Clear post-transaction ownership: direct beneficial ownership documented at 32,611 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: A director reported acquiring 1,500 FXNC shares, raising direct holdings to 32,611; the filing shows no derivatives.

The Form 4 discloses a non-derivative acquisition of 1,500 common shares on 08/13/2025 at a reported price of $0, increasing direct beneficial ownership to 32,611 shares. Table II contains no derivative entries. The filing was executed by a power of attorney on 08/14/2025. The document provides transaction details but does not explain the reason or context for the reported $0 price.

Corporate Governance Expert

TL;DR: Routine insider disclosure: director-level acquisition recorded; filing provides limited context beyond share counts and dates.

This Form 4 identifies the reporting person as a director and records a direct acquisition of 1,500 shares, with post-transaction direct ownership of 32,611 shares. The form was filed by one reporting person and signed by an attorney-in-fact. The filing is a standard Section 16 disclosure and contains no additional explanatory notes or indications of derivative activity.

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

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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^*

Patel Kirtesh

(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	32,611	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

What transaction is reported on the FXNC Form 4?

Acquisition of 1,500 common shares on 08/13/2025 at a reported price of $0.

Who is the reporting person on the FXNC filing?

Patel Kirtesh, listed on the form as a Director of First National Corp (FXNC).

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

32,611 shares of common stock held as direct beneficial ownership following the reported transaction.

When was the Form 4 signed and by whom?

The form shows a signature executed by Christopher L. Sugg by Power of Attorney on 08/14/2025.

Are any derivative securities reported in this filing for FXNC?

No derivative securities are listed in Table II of the filing.

Was this filing submitted by multiple reporting persons?

The filing indicates it was a Form filed by one reporting person.