National Bankshares (NKSH) director granted 219-share common stock award

Rhea-AI Filing Summary

National Bankshares, Inc. director Lutheria H. Smith received a grant of 219 shares of common stock on 12/10/2025 as a time-based stock award. The filing states that this award will vest on the one-year anniversary of the grant date.

After this transaction, Smith beneficially owns 1,980 shares of National Bankshares common stock in direct ownership. The shares were granted at a reported price of $0, reflecting a compensatory equity award rather than an open-market purchase.

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^*

Smith Lutheria H.

(Last) (First) (Middle)

3547 PENARTH ROAD, SW

(Street)

ROANOKE VA 24014

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NATIONAL BANKSHARES INC [ NKSH ]

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)
12/10/2025

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	12/10/2025		A		219(1)	A	$0	1,980	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. Grant of a time-based stock award. The award will vest on the one-year anniversary.

	/s/Lutheria H. Smith	12/11/2025
	** 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 insider transaction did National Bankshares (NKSH) disclose in this filing?

The company disclosed that director Lutheria H. Smith received a grant of 219 shares of National Bankshares common stock as a time-based stock award on 12/10/2025.

How many National Bankshares (NKSH) shares does the director own after the grant?

Following the reported equity grant, director Lutheria H. Smith beneficially owns 1,980 shares of National Bankshares common stock, held in direct ownership.

What type of equity award did the National Bankshares (NKSH) director receive?

The filing describes the transaction as a grant of a time-based stock award consisting of 219 shares of National Bankshares common stock.

When does the National Bankshares (NKSH) director’s stock award vest?

The filing notes that the time-based stock award will vest on the one-year anniversary of the 12/10/2025 grant date.

Was cash paid for the National Bankshares (NKSH) shares granted to the director?

The 219-share common stock award is reported at a price of $0, indicating it is a compensatory stock grant rather than a purchase for cash.

Is the National Bankshares (NKSH) director classified as a 10% owner in this filing?

No. The filing identifies the reporting person as a Director, and the 10% owner box is not marked.