MainStreet Bancshares (MNSB) director granted 356 restricted shares as fees

Rhea-AI Filing Summary

MainStreet Bancshares, Inc. reported that director Joan Morgan Higgins acquired 356 shares of Common Stock on April 3, 2026. The shares were granted as restricted stock awards in lieu of cash director fees, valued at $22.48 per share based on the grant-date stock price.

After this equity grant, Higgins directly holds 602 Common Stock shares. This is a routine, compensation-related award under the company’s existing equity incentive plan, rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Higgins Joan Morgan

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	356	$22.48	$8K

Holdings After Transaction: Common Stock — 602 shares (Direct)

Footnotes (1)

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Key Figures

Restricted shares granted: 356 shares Grant-date fair value per share: $22.48 per share Holdings after transaction: 602 shares

3 metrics

Restricted shares granted 356 shares Restricted stock award on April 3, 2026

Grant-date fair value per share $22.48 per share Based on stock price on grant date

Holdings after transaction 602 shares Direct Common Stock ownership after award

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.

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
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^*

Higgins Joan Morgan

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/03/2026

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	04/03/2026		A		356(1)	A	$22.48	602	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	04/17/2026
	** 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)

FAQ

What did the MainStreet Bancshares (MNSB) Form 4 report for Joan Morgan Higgins?

The Form 4 shows Joan Morgan Higgins acquired 356 shares of MainStreet Bancshares Common Stock as a restricted stock award. This equity was granted as director compensation, not bought in the open market, and increased her direct holdings to 602 shares.

Was the MNSB insider transaction an open-market buy or a stock award?

The transaction was a stock award, not an open-market purchase. Higgins received 356 restricted shares in lieu of cash director fees, under an existing equity incentive plan, with the fair value based on the stock price at the grant date.

At what price were the MainStreet Bancshares (MNSB) restricted shares valued?

The 356 restricted shares granted to Higgins were valued at $22.48 per share. This value reflects the fair value of the equity award, determined using MainStreet Bancshares’ stock price on the April 3, 2026 grant date.

How many MainStreet Bancshares (MNSB) shares does Joan Morgan Higgins now hold?

Following the April 3, 2026 award, Higgins directly holds 602 shares of MainStreet Bancshares Common Stock. This reflects the addition of 356 restricted shares granted as director compensation, increasing her previously reported direct ownership position.

Why did Joan Morgan Higgins receive MainStreet Bancshares (MNSB) stock instead of cash?

Higgins elected to receive equity instead of cash director fees. Under MainStreet Bancshares’ equity incentive plan, directors may choose restricted stock awards equal in value to their fees, aligning part of their compensation with company share performance.

Does the MNSB Form 4 indicate any stock sales by Joan Morgan Higgins?

The Form 4 does not report any sales by Higgins. It only records an acquisition of 356 restricted shares as a grant or award, with no dispositions or tax-withholding transactions disclosed in this filing.