MainStreet Bancshares (MNSB) Senior EVP reports tax-withholding stock disposition
Rhea-AI Filing Summary
MainStreet Bancshares Senior EVP CHMELIK THOMAS J reported a Form 4 transaction involving Common Stock of MainStreet Bancshares, Inc. The filing shows a tax-withholding disposition of 2,799 shares at $20.36 per share to satisfy an exercise price or tax liability, rather than an open-market sale. After this transaction, he directly owned 60,962 Common Stock shares and indirectly held 56,794 shares through a 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,799 shares
Net Sell
2 txns
Insider
CHMELIK THOMAS J
Role
Senior EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,799 | $20.36 | $57K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 60,962 shares (Direct);
Common Stock — 56,794 shares (Indirect, By 401(k) Plan)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CHMELIK THOMAS J report for MNSB?
He reported a tax-withholding disposition of shares, not an open-market sale. The Form 4 shows 2,799 MainStreet Bancshares Common Stock shares disposed at $20.36 per share to satisfy an exercise price or tax liability, as indicated by transaction code F.
What indirect MNSB holdings does the insider report after this Form 4?
He reports indirect ownership of 56,794 Common Stock shares through a 401(k) Plan. The filing classifies this as indirect ownership with nature of ownership stated as “By 401(k) Plan,” separate from his directly held 60,962 shares of MainStreet Bancshares stock.
Does the MNSB Form 4 indicate an open-market sale by the insider?
No, the Form 4 indicates a tax-withholding disposition, not an open-market sale. Transaction code F and the description show shares were delivered to pay an exercise price or tax liability, distinguishing it from a voluntary sale on the market.