MainStreet Bancshares Director Increases Stake by 793 Shares at $20.83

Rhea-AI Filing Summary

MainStreet Bancshares director Darrell Green received 793 restricted shares on 10/01/2025 in lieu of cash board fees under the company’s equity incentive plan. The shares were valued at $20.83 each on the grant date and increased his reported beneficial ownership to 33,317 shares held directly. The Form 4 shows the grant was a non-derivative award reported as an acquisition and includes an explanatory note that directors may elect restricted stock instead of cash. The filing was signed by an attorney-in-fact for the reporting person.

Positive

• Director compensation aligned with shareholders via restricted stock election
• Transparent disclosure of share count, price ($20.83), and total beneficial ownership (33,317 shares)

Negative

• None.

Insights

Financial Analyst

TL;DR Director received stock compensation rather than cash, modestly increasing direct ownership and aligning pay with shareholder outcomes.

The transaction is a routine director compensation election: 793 restricted shares were granted at a fair value of $20.83 per share, raising direct beneficial ownership to 33,317 shares. This is a non-derivative equity grant reported under Section 16. From a financial perspective, the economic impact on the company is likely immaterial given the small share count relative to a typical public float, and it primarily signals governance alignment rather than a strategic change.

Corporate Governance Expert

TL;DR Routine governance practice: director elected equity for fees, improving alignment with shareholders without indicating compensation concern.

The Form 4 discloses a standard practice where directors can elect restricted stock in lieu of cash fees under the equity incentive plan. The report documents 793 shares granted and shows direct ownership of 33,317 shares post-transaction. There are no indications of accelerated vesting, derivative instruments, or indirect holdings reported. This is a common governance tool to tie director incentives to long-term company performance.

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).

1. Name and Address of Reporting Person^*

GREEN DARRELL

(Last) (First) (Middle)

10089 FAIRFAX BLVD

(Street)

FAIRFAX VA 22030

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A		793(1)	A	$20.83	33,317	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	10/01/2025
	** 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 MNSB director Darrell Green report on Form 4?

He acquired 793 restricted shares on 10/01/2025 in lieu of cash fees, increasing his direct ownership to 33,317 shares.

At what price were the restricted shares valued on the grant date?

$20.83 per share (fair value used for the restricted stock award).

Why were the shares issued to the director instead of cash?

Directors may elect restricted stock awards in lieu of cash fees under the issuer's existing equity incentive plan.

Does the Form 4 show any derivative transactions for the reporting person?

No. Table II for derivative securities contains no reported transactions.

Who signed the Form 4 filing for the reporting person?

Richard A. Vari, attorney-in-fact, signed the form on 10/01/2025.