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

Rhea-AI Filing Summary

Jason C. Aikens, identified as a director of First National Corp (FXNC), filed a Form 4 reporting an acquisition of common stock on 08/13/2025. The filing shows 1,500 shares acquired with a reported price of $0 and a post-transaction beneficial ownership amount of 10,105.5971 shares held directly.

The form also includes an explanatory note stating the reporting person “Owns an additional 15,798.1859 indirect shares.” The document is signed by Christopher L. Sugg by power of attorney on 08/14/2025. No other transactions, derivative positions, or pricing details are included in the filing text provided.

Insights

Corporate Governance Expert

TL;DR: Routine director equity acquisition reported; shows direct and additional indirect holdings without further context.

The filing documents a director-level acquisition of 1,500 common shares in First National Corp (FXNC) on 08/13/2025, recorded at a reported price of $0. The table lists 10,105.5971 shares owned following the transaction as direct holdings, while an explanatory line separately identifies 15,798.1859 indirect shares. From a governance perspective, this is a standard Section 16 disclosure that updates insiders’ beneficial ownership; the unusual reported price and split between direct and indirect holdings are factual items in the filing but are not explained further in the document.

Securities Analyst

TL;DR: Disclosure updates insider ownership levels; no derivatives or additional material details disclosed.

The Form 4 contains a single non-derivative transaction: acquisition of 1,500 common shares on 08/13/2025, with a post-transaction direct ownership of 10,105.5971 shares and an explanatory note of 15,798.1859 indirect shares. There are no derivative securities reported and no transaction code details provided in the text. The filing was executed by power of attorney on 08/14/2025. For investors, this is a routine insider reporting item rather than a financial disclosure with revenue or earnings impact.

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^*

AIKENS JASON C

(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	10,105.5971	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 15,798.1859 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 transaction did FXNC director Jason C. Aikens report on Form 4?

The Form 4 reports that Jason C. Aikens acquired 1,500 shares of First National Corp common stock on 08/13/2025 at a reported price of $0.

How many shares did Jason C. Aikens beneficially own after the reported transaction?

The filing shows 10,105.5971 shares beneficially owned following the transaction as direct holdings and notes an additional 15,798.1859 indirect shares.

Were any derivative securities reported in this Form 4 for FXNC?

No. Table II for derivative securities contains no entries in the provided filing text; only a non-derivative acquisition is reported.

Who signed the Form 4 and when was it executed?

The form bears the signature of Christopher L. Sugg by power of attorney, dated 08/14/2025.

Does the filing explain the nature of the indirect ownership?

The filing includes an explanation line stating the reporting person "Owns an additional 15,798.1859 indirect shares" but provides no further details about the nature of that indirect ownership in the text provided.