[Form 4] John Marshall Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

John Marshall Bancorp, Inc. director Subhash Garg reported acquiring 1,901 shares of common stock on 12/16/2025 through restricted stock awards. These awards will vest in equal installments over two years, with the first installment vesting on the anniversary of the grant.

Following this transaction, Garg beneficially owns 44,213 shares directly. He also reports indirect ownership of 91,745 shares held in a Wiener & Garg 401(k) P/S Plan FBO Subhash Garg, 85,555 shares held by Garg Family LLC, and 28,125 shares held by the Subhash Garg Revocable Trust, all of which he controls or is affiliated with.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Garg Subhash

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,901	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 44,213 shares (Direct); Common Stock — 91,745 shares (Indirect, See footnote)

Footnotes (1)

1. 1,901 shares issuable upon vesting of restricted stock awards. The awards will vest in equal installments over two years with the first installment vesting on the anniversary of the grant. Includes 4,251 shares relating to unvested restricted stock awards issuable upon vesting. Shares owned by Wiener & Garg 401(k) P/S Plan FBO Subhash Garg over which the reporting person has investment control. Shares owned by Garg Family LLC, an affiliated company of the reporting person. Shares owned by Subhash Garg Revocable Trust over which the reporting person has investment control.

Form 4 Insider Transactions: What Each Field Means →

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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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^*

Garg Subhash

(Last) (First) (Middle)

1943 ISAAC NEWTON SQUARE EAST

SUITE 100

(Street)

RESTON VA 20190

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
John Marshall Bancorp, Inc. [ JMSB ]

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)
12/16/2025

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	12/16/2025		A		1,901(1)	A	$0	44,213(2)	D
Common Stock								91,745	I	See footnote(3)
Common Stock								85,555	I	See footnote(4)
Common Stock								28,125	I	See footnote(5)

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. 1,901 shares issuable upon vesting of restricted stock awards. The awards will vest in equal installments over two years with the first installment vesting on the anniversary of the grant.

2. Includes 4,251 shares relating to unvested restricted stock awards issuable upon vesting.

3. Shares owned by Wiener & Garg 401(k) P/S Plan FBO Subhash Garg over which the reporting person has investment control.

4. Shares owned by Garg Family LLC, an affiliated company of the reporting person.

5. Shares owned by Subhash Garg Revocable Trust over which the reporting person has investment control.

	/s/ Jason S. Anderson, Attorney-in-Fact	12/18/2025
	** 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).
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