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MVB Financial (MVBF) director receives 2,652 time‑vested RSUs as equity grant

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

Rhea-AI Filing Summary

MVB Financial Corp director Victor Ray Maculaitis reported receiving a grant of time-vested restricted stock units. He was awarded 2,652 RSUs that convert into an equal number of common shares, with no cash paid per unit. These RSUs were granted under the MVB Financial Corp 2022 Stock Incentive Plan and are scheduled to vest 100% on the first anniversary of the grant date. Following this grant, his reported derivative holdings from this award total 2,652 underlying common shares.

Positive

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Negative

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Insider Maculaitis Victor Ray
Role null
Type Security Shares Price Value
Grant/Award RSU - Time Vested Award 2,652 $0.00 --
Holdings After Transaction: RSU - Time Vested Award — 2,652 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSUs granted 2,652 units Time-vested award to director on 2026-07-01
Transaction price per RSU $0.0000 per unit Equity compensation grant, not open-market purchase
Underlying common shares 2,652 shares Shares linked to RSU award following transaction
Vesting schedule 100% after 1 year RSUs vest on first anniversary of grant date
Transaction code A Grant, award, or other acquisition of derivative security
Ownership type Direct Director holds RSU award directly
RSU - Time Vested Award financial
"security_title: RSU - Time Vested Award"
restricted stock units financial
"The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 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.
2022 Stock Incentive Plan financial
"were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan"
derivative security financial
"transaction_type: derivative"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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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*
Maculaitis Victor Ray

(Last)(First)(Middle)
174 S 620 W

(Street)
IVINS UTAH 84738

(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)
07/01/2026
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$007/01/202607/01/2026A2,65207/01/2027 (1)Common Stock2,652$02,652D
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 POA for Victor Ray Maculaitis07/02/2026
** 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 MVB Financial Corp (MVBF) disclose for Victor Ray Maculaitis?

Director Victor Ray Maculaitis received a grant of 2,652 time-vested restricted stock units. These RSUs represent potential future shares of common stock and were issued as equity-based compensation rather than as an open-market purchase.

How many restricted stock units did the MVBF director receive in this Form 4?

The director was granted 2,652 restricted stock units. Each RSU is linked to one share of MVB Financial Corp common stock, giving him equity exposure through the company’s stock incentive plan.

When will the newly granted MVBF restricted stock units vest?

The time-vested RSUs are scheduled to vest 100% on the first anniversary of the grant date. Vesting must occur before the units convert into common shares that the director can hold outright.

What plan governs the restricted stock units granted to the MVBF director?

The 2,652 RSUs were granted under the MVB Financial Corp 2022 Stock Incentive Plan. This plan is used to deliver equity-based compensation to eligible participants, aligning them with shareholder interests.

Did the MVBF director pay any price per share for these restricted stock units?

No, the Form 4 reports a transaction price per share of $0.0000 for the 2,652 RSUs. This indicates a compensation grant rather than a purchase in the open market.

How many underlying common shares does the director hold from this RSU award after the transaction?

After this grant, the filing shows 2,652 underlying common shares tied to the RSU award. These are associated with the time-vested units and depend on future vesting.