[Form 4] MainStreet Bancshares, Inc. Insider Trading Activity

Rhea-AI Filing Summary

MainStreet Bancshares, Inc. (MNSB) – Form 4 insider transaction

Director Rafael E. DeLeon elected to receive part of his 2Q 2025 board compensation in stock rather than cash. On 30 Jun 2025, he was granted 238 restricted common shares at a fair-value reference price of $18.90 per share (≈ $4.5 k). Following the grant, DeLeon’s direct ownership increased to 12,301 shares. No derivative securities were involved, and the filing notes the grant was made under the company’s existing equity-incentive plan.

The transaction is coded “A” (acquisition) and is routine in nature, reflecting ongoing alignment of director interests with shareholders. No other material changes or sales were reported.

Positive

• Director increased direct ownership by 238 shares through equity compensation, signaling continued insider alignment with shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine equity grant; negligible financial impact, modestly positive governance signal.

The 238-share award adds ~1.9 % to Mr. DeLeon’s holdings but represents less than 0.01 % of MNSB’s outstanding shares and only ~$4.5 k in market value. Such director fee-in-stock programs slightly improve insider-ownership alignment but do not alter the company’s capital structure, earnings outlook, or liquidity. Given the immaterial size and recurring nature, the filing is viewed as neutral from a valuation perspective. Investors typically monitor larger insider purchases for sentiment shifts; this grant does not meet that threshold.

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^*

DeLeon Rafael E

(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)
06/30/2025

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	06/30/2025		A		238(1)	A	$18.9	12,301	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	07/01/2025
	** 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

How many MainStreet Bancshares (MNSB) shares did the director acquire?

Rafael E. DeLeon received 238 restricted shares on 30 Jun 2025.

What was the reference price of the shares granted in the Form 4 filing?

The shares were valued at $18.90 each, based on the grant-date market price.

What is the director's total share ownership after the transaction?

DeLeon now directly owns 12,301 MNSB common shares.

Was this a purchase on the open market or an equity award?

It was an equity award in lieu of cash director fees under the company’s incentive plan.

Does the filing include any derivative security transactions?

No. No options or other derivatives were reported in Table II.