MainStreet Bancshares director granted 973 MNSB shares

Hall Wendy Adeler reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Hall Wendy Adeler reported acquisition or exercise transactions in this Form 4 filing.

MainStreet Bancshares director Wendy Adeler Hall received an equity grant of 973 shares of Common Stock valued at $24.69 per share. The award was granted as a restricted stock award in lieu of cash director fees under the company’s existing equity incentive plan. Following this grant, Hall directly holds 2,727 shares of MainStreet Bancshares common stock.

Insider Trade Summary

Grant/Award: 973 shares

Grant/Award 1 txn

Insider Hall Wendy Adeler

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	973	$24.69	$24K

Holdings After Transaction: Common Stock — 2,727 shares (Direct)

Footnotes (1)

1. F1. In lieu of cash fees, directors may elect to receive an equivalent value of equity in restricted stock awards under the existing equity incentive plan. This amount reflects the fair value of restricted stock awards received in lieu of cash based upon the stock price on the date of grant.

Key Figures

Restricted stock grant: 973 shares Grant valuation price: $24.69 per share Post-transaction holdings: 2,727 shares

3 metrics

Restricted stock grant 973 shares Director equity grant in lieu of cash fees

Grant valuation price $24.69 per share Fair value based on stock price on grant date

Post-transaction holdings 2,727 shares Total Common Stock directly held after grant

Key Terms

restricted stock awards, equity incentive plan, fair value

3 terms

restricted stock awards financial

"directors may elect to receive an equivalent value of equity in restricted stock awards under the existing equity incentive plan"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

equity incentive plan financial

"restricted stock awards under the existing equity incentive plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

fair value financial

"This amount reflects the fair value of restricted stock awards received in lieu of cash"

Fair value is an estimate of what an asset or company is really worth today, derived from expected future earnings, comparable market prices and other relevant facts—like agreeing a price for a used car after checking mileage, condition and similar listings. Investors use fair value to decide whether a stock looks overpriced or undervalued, which helps guide buy, hold or sell decisions and sets expectations for potential returns and risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MainStreet Bancshares (MNSB) report for Wendy Adeler Hall?

MainStreet Bancshares reported that director Wendy Adeler Hall received a grant of 973 shares of Common Stock. The shares were issued as restricted stock awards in lieu of cash director fees under the company’s existing equity incentive plan.

Was the MainStreet Bancshares (MNSB) Form 4 transaction a stock purchase or a grant?

The Form 4 transaction for MainStreet Bancshares director Wendy Adeler Hall was a grant, not an open-market purchase. It is classified as a grant, award, or other acquisition of 973 restricted shares in lieu of cash compensation under the equity incentive plan.

What price was used to value Wendy Adeler Hall’s restricted stock grant at MainStreet Bancshares (MNSB)?

The restricted stock grant to Wendy Adeler Hall was valued at $24.69 per share. The footnote explains this amount reflects the fair value of the restricted stock awards based upon MainStreet Bancshares’ stock price on the date of grant.

How many MainStreet Bancshares (MNSB) shares does Wendy Adeler Hall hold after this Form 4 transaction?

After the reported Form 4 transaction, Wendy Adeler Hall directly holds 2,727 shares of MainStreet Bancshares Common Stock. This total includes the newly granted 973 restricted shares received in lieu of cash fees under the company’s equity incentive plan.

Why did MainStreet Bancshares (MNSB) issue restricted stock instead of cash fees to the director?

MainStreet Bancshares allows directors to elect equity instead of cash fees. The footnote states directors may receive an equivalent value of restricted stock awards in lieu of cash, with the value based on the stock price on the grant date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 09:05 AM EDT Learn about SEC filing dates

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
Estimated average burden
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^*

Hall Wendy Adeler

(Last) (First) (Middle)

10089 FAIRFAX BLVD

(Street)

FAIRFAX VIRGINIA 22030

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MainStreet Bancshares, Inc. [ MNSB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/01/2026		A		973(1)	A	$24.69	2,727	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:

1. In lieu of cash fees, directors may elect to receive an equivalent value of equity in restricted stock awards under the existing equity incentive plan. This amount reflects the fair value of restricted stock awards received in lieu of cash based upon the stock price on the date of grant.

	/s/ Richard A. Vari, attorney-in-fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)