MVB Financial Insider Receives 3,701 RSUs in Routine Award

Rhea-AI Filing Summary

MVB Financial Corp. (MVBF) – Form 4 Insider Transaction

On 06/23/2025 director Richard James Cordella Jr. received an equity award of 3,701 time-vested restricted stock units (RSUs) under the company’s 2022 Stock Incentive Plan. The RSUs were reported as an "A" (acquisition) transaction at $0 cost; they will vest 100 % on the first anniversary of the grant date, 06/23/2026. Following the grant, the filing shows Cordella holds 3,701 derivative securities directly, with no indication of prior share ownership reported in this filing. No common-stock sales or purchases were disclosed.

Because RSUs convert into an equal number of common shares upon vesting, the grant represents a potential future issuance of 3,701 shares, a de minimis amount relative to MVBF’s 12 M+ outstanding shares. The filing is routine, reflecting standard director compensation and adding incremental equity alignment with shareholders.

Positive

• Equity alignment: RSU grant ties director compensation to shareholder value without immediate cash outlay.
• No insider selling: Filing contains no dispositions, avoiding negative signal.

Negative

• Share dilution, albeit minimal: 3,701 new shares will be issued upon vesting, marginally increasing share count.

Insights

Financial Analyst

TL;DR: Routine RSU grant to director; negligible dilution, modest alignment.

The Form 4 discloses a single equity award—3,701 RSUs—to director Richard James Cordella Jr. at no cost. With MVBF’s share count above 12 million, the grant equates to roughly 0.03 % potential dilution, immaterial to valuation. It signals continued use of equity for director compensation, which aligns incentives but does not alter governance or capital structure meaningfully. No purchases, sales, or option exercises occurred, so the filing offers limited insight into insider sentiment. Overall impact on investors is neutral.

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

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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).

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^*

Cordella Richard James JR

(Last) (First) (Middle)

16 BLUE RIBBON DR.

(Street)

WESTPORT CT 06880

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MVB FINANCIAL CORP [ MVBF ]

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)
06/23/2025

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

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
RSU - Time Vested Award	$0	06/23/2025	06/23/2025	A		3,701		06/23/2026	(1)	Common Stock	3,701	$0	3,701	D

Explanation of Responses:

1. The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date.

Remarks:

	Lisa J. McCormick by POA from Richard James Cordella, Jr.	06/25/2025
	** 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 MVBF disclose in the 06/25/2025 Form 4?

Director Richard J. Cordella Jr. was granted 3,701 RSUs at $0 cost on 06/23/2025.

When will the 3,701 RSUs granted to the MVBF director vest?

The RSUs vest 100 % on 06/23/2026, one year after the grant date.

Does the filing show any insider sales of MVBF stock?

No. The Form 4 lists only an acquisition of RSUs; there were no dispositions.

How much potential dilution do the RSUs represent for MVBF shareholders?

Approximately 0.03 % of the company’s >12 million shares outstanding, considered immaterial.

Is this RSU award part of a pre-arranged 10b5-1 plan?

The filing does not indicate that the transaction was executed under Rule 10b5-1.