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MVB Financial (NASDAQ: MVBF) director receives 4,001 shares from vested RSUs

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

Rhea-AI Filing Summary

MVB Financial Corp director Owen Jan Lynn exercised time-vested restricted stock units that fully vested and converted into common shares. On June 1, 2026, 3,902 RSUs granted June 1, 2025 vested 100%, resulting in the issuance of 4,001 shares of Common Stock, including 99 dividend equivalent shares accrued since grant. After these compensation-related issuances, Lynn directly holds 13,831 common shares.

Positive

  • None.

Negative

  • None.

Insights

Director’s RSUs vested and converted into common stock, a routine equity compensation event.

The transactions show Owen Jan Lynn receiving common shares as previously granted equity vests. A total of 3,902 time-vested RSUs, granted on June 1, 2025, vested 100% and were settled in common stock at a conversion price of $0.00.

The filing also notes 99 dividend equivalent shares added since grant, bringing the issued common shares to 4,001. Following settlement, Lynn directly owns 13,831 common shares, and there are no remaining derivative positions from this award. These are non-market, compensation-driven acquisitions rather than open-market purchases.

Insider Owen Jan Lynn
Role Director
Type Security Shares Price Value
Exercise RSU - Time-Vested Award 3,902 $0.00 $0.00
Exercise Common Stock 4,001 $0.00 $0.00
Holdings After Transaction: RSU - Time-Vested Award — 0 shares (Direct); Common Stock — 13,831 shares (Direct)
Footnotes (3)
  1. F1. 100% of the restricted stock units, granted June 1, 2025, have vested and shares are being issued.
  2. F2. Includes 99 dividend equivalent shares accrued since the time of grant.
  3. F3. 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.
Common shares issued 4,001 shares Common Stock issued upon RSU vesting and conversion
RSUs vested and exercised 3,902 RSUs Time-vested restricted stock units granted June 1, 2025
Dividend equivalent shares 99 shares Dividend equivalents accrued since RSU grant
Post-transaction holdings 13,831 shares Total common shares directly owned after transactions
Exercise price $0.00 per share Conversion/exercise price for RSU-related transactions
Transaction code M Exercise or conversion of derivative security
restricted stock units financial
"100% of the restricted stock units, granted June 1, 2025, have vested and shares are being issued."
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.
dividend equivalent shares financial
"Includes 99 dividend equivalent shares accrued since the time of grant."
time-vested restricted stock units financial
"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."
2022 Stock Incentive Plan financial
"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."

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did Owen Jan Lynn report in the latest Form 4 for MVBF?
Owen Jan Lynn reported the vesting and exercise of 3,902 time‑vested RSUs, which were settled in 4,001 shares of MVB Financial Corp common stock. This reflects equity compensation vesting rather than an open‑market stock purchase or sale.

How many MVB Financial (MVBF) shares does Owen Jan Lynn hold after this Form 4?
After the RSU vesting and share issuance, Owen Jan Lynn directly holds 13,831 shares of MVB Financial Corp common stock. This total includes the 4,001 shares issued upon conversion of vested restricted stock units and associated dividend equivalent shares.

What equity award vested for Owen Jan Lynn at MVB Financial (MVBF)?
A grant of time‑vested restricted stock units made on June 1, 2025 vested 100% on its first anniversary. That RSU award converted into 3,902 underlying shares of common stock plus 99 dividend equivalent shares, totaling 4,001 issued shares.

Were the MVB Financial (MVBF) shares in this Form 4 bought on the open market?
No. The Form 4 shows compensation-related share issuances from vested restricted stock units, not open‑market purchases. The transactions use code M, indicating exercise or conversion of derivative securities at a $0.00 exercise price.

What is the significance of the 99 dividend equivalent shares in MVBF’s Form 4?
The filing notes that 99 dividend equivalent shares accrued on the RSU grant since the time of grant. These dividend equivalents were added to the 3,902 underlying shares upon vesting, resulting in a total issuance of 4,001 common shares to Owen Jan Lynn.
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*
Owen Jan Lynn
(Last)(First)(Middle)
3050 BASTONE COURT
(Street)
WEST SACRAMENTO CALIFORNIA 95691
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		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
Common Stock06/01/202606/01/2026M(1)4,001(2)A$013,831D
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$006/01/202606/01/2026M3,90206/01/2026 (3)Common Stock3,902$00D
Explanation of Responses:
1. 100% of the restricted stock units, granted June 1, 2025, have vested and shares are being issued.
2. Includes 99 dividend equivalent shares accrued since the time of grant.
3. 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, POA for Jan Lynn Owen06/03/2026
** 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)

Source: View Original Filing on SEC EDGAR