MainStreet Bancshares director granted 534 MNSB shares

MainStreet Bancshares director Patsy I. Rust received an equity grant rather than cash fees.

Rhea-AI Filing Summary

MainStreet Bancshares director Patsy I. Rust received an equity grant rather than cash fees. On April 3, 2026, Rust acquired 534 shares of MainStreet Bancshares common stock at a fair value of $22.48 per share as a restricted stock award under the company’s equity incentive plan.

After this grant, Rust directly holds 26,130 common shares and also has indirect ownership of 500 common shares held by her husband, plus 2,000 depositary shares. A footnote explains directors may elect to receive board compensation in restricted stock instead of cash, and this grant reflects that election.

Insider Trade Summary

Grant/Award: 534 shares

Grant/Award 3 txns

Insider RUST PATSY I

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	534	$22.48	$12K
holding	Common Stock	--	--	--
holding	Depositary Shares	--	--	--

Holdings After Transaction: Common Stock — 26,130 shares (Direct); Common Stock — 500 shares (Indirect, By husband); Depositary Shares — 2,000 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: 534 shares Grant fair value price: $22.48 per share Direct common holdings: 26,130 shares +2 more

5 metrics

Restricted stock grant 534 shares Common Stock awarded on April 3, 2026

Grant fair value price $22.48 per share Stock price used to determine award value

Direct common holdings 26,130 shares Common Stock directly owned after the grant

Indirect common holdings 500 shares Common Stock held indirectly by husband

Depositary shares held 2,000 shares Depositary Shares directly owned after the transaction

Key Terms

restricted stock awards, equity incentive plan, Depositary Shares, indirect ownership, +1 more

5 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.

Depositary Shares financial

"security_title": "Depositary Shares""

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By husband""

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

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

What did MainStreet Bancshares (MNSB) director Patsy I. Rust report on this Form 4?

Director Patsy I. Rust reported receiving 534 MainStreet Bancshares common shares as a restricted stock award. The grant was in lieu of cash director fees, with the fair value based on the $22.48 stock price on the April 3, 2026 grant date.

How many MainStreet Bancshares (MNSB) shares does Patsy I. Rust hold after this transaction?

After the grant, Patsy I. Rust directly holds 26,130 MainStreet Bancshares common shares. In addition, she is reported to have indirect ownership of 500 common shares held by her husband and 2,000 depositary shares held directly in her name.

Was the MainStreet Bancshares (MNSB) Form 4 transaction an open-market purchase or a grant?

The Form 4 shows a grant or award acquisition, not an open-market purchase. Code A indicates 534 common shares were awarded as director compensation, with the fair value set using the $22.48 stock price on the April 3, 2026 grant date.

How were MainStreet Bancshares (MNSB) director fees paid to Patsy I. Rust in this filing?

The filing notes directors may elect equity instead of cash fees. Patsy I. Rust chose to receive 534 restricted shares of MainStreet Bancshares common stock, with fair value based on the $22.48 share price on the grant date, rather than receiving cash.

What does the footnote about restricted stock awards mean for MainStreet Bancshares (MNSB)?

The footnote explains directors can receive an equivalent value of equity as restricted stock awards under the existing equity incentive plan. Rust’s 534-share grant reflects this option, using the MainStreet Bancshares stock price on April 3, 2026 to determine the fair value of the award.

What indirect holdings are reported for Patsy I. Rust in MainStreet Bancshares (MNSB)?

The Form 4 shows 500 MainStreet Bancshares common shares held indirectly “by husband,” indicating spousal ownership. These are reported as indirect holdings for Rust, in addition to her directly held 26,130 common shares and 2,000 depositary shares.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/17/2026 - 08:23 AM 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^*

RUST PATSY I

(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)
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		534(1)	A	$22.48	26,130	D
Common Stock								500	I	By husband
Depositary Shares								2,000	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)