MainStreet Bancshares (MNSB) Director Awarded Restricted Stock; Form 4 Filed

Rhea-AI Filing Summary

MainStreet Bancshares director Patsy I. Rust reported transactions on 10/01/2025. Ms. Rust, identified as a director, received 577 shares of Common Stock at a reported fair value price of $20.83 as restricted stock awarded in lieu of cash fees under the companys equity incentive plan. After the grant, she beneficially owned 25,596 shares outright. The filing also shows 500 shares of Common Stock reported as indirectly owned by her husband and a disposition of 2,000 Depositary Shares. The form is signed by attorney-in-fact Richard A. Vari on behalf of the reporting person.

Positive

• Director compensation elected as restricted stock, aligning director incentives with shareholders by converting cash fees into equity
• Clear reporting of direct and indirect ownership, including post-transaction beneficial ownership of 25,596 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity award; small ownership change, not likely material to valuation.

The filing documents a common practice where a director elects equity in lieu of cash compensation, receiving 577 restricted shares valued at $20.83 each. Post-grant direct beneficial ownership is 25,596 shares, with an additional 500 shares held indirectly by the spouse. The reported disposition of 2,000 depositary shares appears isolated and is not accompanied by explanatory detail on size relative to holdings, suggesting limited market impact. Overall, this is a standard governance/compensation disclosure rather than a strategic or operational development.

Corporate Governance Expert

TL;DR: Compensation election via restricted stock aligns director and shareholder interests; procedural Form 4 filing is routine.

The disclosure explicitly states the restricted stock award was issued in lieu of cash fees under the existing equity incentive plan, which is a common mechanism to align directors incentives with shareholders. The filing correctly reports direct and indirect holdings and a depositary share disposition. No indications of unusual related-party transactions, accelerated vesting, or material changes to control are present in this submission.

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).

1. Name and Address of Reporting Person^*

RUST PATSY I

(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								500	I	By husband
Depositary Shares								2,000	D
Common Stock	10/01/2025		A		577(1)	A	$20.83	25,596	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 Patsy I. Rust report on the Form 4 for MNSB?

The Form 4 reports that Patsy I. Rust, a director, received 577 restricted shares of MainStreet Bancshares on 10/01/2025 at a reported fair value of $20.83 per share.

How many MainStreet Bancshares (MNSB) shares does Patsy Rust beneficially own after the transaction?

After the reported grant, Patsy Rust beneficially owns 25,596 shares of Common Stock directly.

Were there any dispositions reported in the Form 4 for MNSB?

Yes. The filing shows a reported disposition of 2,000 Depositary Shares and 500 Common Stock listed as indirectly owned by the reporting persons husband.

Why were the 577 shares issued to the director?

The filing states the 577 shares were issued in lieu of cash fees under the companys existing equity incentive plan; the amount reflects the fair value based on the stock price on the grant date.

Who signed the Form 4 filing for Patsy Rust?

The form was signed on behalf of the reporting person by Richard A. Vari, attorney-in-fact on 10/01/2025.