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MVB Financial (MVBF) awards 1,234 RSUs to chief accounting officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Logan Jonathan Thomas reported acquisition or exercise transactions in this Form 4 filing.

MVB Financial Corp Chief Accounting Officer Logan Jonathan Thomas received a grant of 1,234 restricted stock units (RSUs) linked to common stock. The RSUs were awarded at no cash cost as part of the company’s 2022 Stock Incentive Plan and will vest gradually over three years, assuming continued employment. Following this award, he holds 1,234 RSUs directly, with no open-market buying or selling reported in this filing.

Positive

  • None.

Negative

  • None.
Insider Logan Jonathan Thomas
Role Chief Accounting Officer
Type Security Shares Price Value
Grant/Award RSU - Time-Vested Award 1,234 $0.00 --
Holdings After Transaction: RSU - Time-Vested Award — 1,234 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs granted 1,234 units Time-vested RSU award to Chief Accounting Officer
Grant price per RSU $0.0000 per unit Equity compensation, no cash paid by insider
RSUs held after grant 1,234 units Total RSUs directly owned following this transaction
Vesting period Three years Graded vesting schedule assuming continued employment
restricted stock units financial
"The restricted stock units were granted pursuant to the 2022 Stock Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
three-year graded vesting schedule financial
"and have a three-year graded vesting schedule assuming continued employment"
2022 Stock Incentive Plan financial
"were granted pursuant to the 2022 Stock Incentive Plan and have a three-year"
SEC Form 4
FORM 4UNITED 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*
Logan Jonathan Thomas

(Last)(First)(Middle)
331 FORREST LANE

(Street)
SWEDESBORO NEW JERSEY 08085

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
MVB FINANCIAL CORP [ MVBF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
RSU - Time-Vested Award$005/01/202605/01/2026A1,23405/01/2027 (1)Common Stock1,234$01,234D
Explanation of Responses:
1. The restricted stock units were granted pursuant to the 2022 Stock Incentive Plan and have a three-year graded vesting schedule assuming continued employment with the Company.
Remarks:
Lisa J. McCormick By POA from Jonathan Thomas Logan05/05/2026
** Signature of Reporting PersonDate
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 insider transaction did MVBF report for Logan Jonathan Thomas?

MVB Financial Corp reported a compensation-related grant of 1,234 restricted stock units to Chief Accounting Officer Logan Jonathan Thomas. These RSUs represent the right to receive common stock in the future, subject to vesting conditions, rather than an open-market share purchase or sale.

Is the MVBF Form 4 transaction a buy or sell of common stock?

The Form 4 transaction is not a market buy or sell of common stock. It is a grant of 1,234 time-vested restricted stock units awarded as equity compensation, with no cash paid per unit and no shares sold into the market in this filing.

How do the 1,234 RSUs granted to MVBF’s Chief Accounting Officer vest?

The 1,234 restricted stock units follow a three-year graded vesting schedule under MVB Financial Corp’s 2022 Stock Incentive Plan. Vesting occurs over time as long as Logan Jonathan Thomas remains employed with the company, gradually converting into shares of common stock.

What is the significance of the zero price on the MVBF RSU grant?

The reported price of $0.0000 per unit indicates the RSUs were granted at no cash cost to the insider. This reflects typical equity compensation, where value comes from future delivery of common stock upon vesting rather than paying a purchase price upfront.

How many derivative securities does the MVBF insider hold after this Form 4?

After the reported grant, Logan Jonathan Thomas holds 1,234 restricted stock units directly. These RSUs are derivatives tied to MVB Financial Corp common stock and represent his equity-based compensation position disclosed in this particular filing.