National Bankshares director granted 221 shares

Johnson Mildred R reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 06/11/2026 - 12:00 PM EDT

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Form Type

Rhea-AI Filing Summary

Johnson Mildred R reported acquisition or exercise transactions in this Form 4 filing.

National Bankshares Inc. director Mildred R. Johnson received a grant of 221 shares of Common Stock as a time-based stock award, with no cash paid per share. The award will vest on the one-year anniversary. After this grant, she directly holds 4,374 shares and indirectly holds 1,235 shares through her spouse.

Insider Trade Summary

Grant/Award: 221 shares

Grant/Award 1 txn

Insider Johnson Mildred R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	221	$0.00	$0.00
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 4,374 shares (Direct); Common Stock — 1,235 shares (Indirect, by Spouse)

Footnotes (1)

F1. Grant of time-based stock award. The award will vest on the one-year anniversary.

Key Figures

Stock award size: 221 shares Award price per share: $0.0000 per share Direct holdings after grant: 4,374 shares +1 more

4 metrics

Stock award size 221 shares Time-based Common Stock award to director Mildred R. Johnson

Award price per share $0.0000 per share Reported transaction price for the 221-share grant

Direct holdings after grant 4,374 shares Common Stock directly owned by Mildred R. Johnson after grant

Indirect spouse holdings 1,235 shares Common Stock indirectly owned by spouse, reported as indirect

Key Terms

time-based stock award, vest, indirect, grant/award acquisition

4 terms

time-based stock award financial

"Grant of time-based stock award. The award will vest on the one-year anniversary."

vest financial

"The award will vest on the one-year anniversary."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

indirect financial

"ownership_type": "indirect", "nature_of_ownership": "by Spouse""

grant/award acquisition financial

""transaction_action": "grant/award acquisition", "transaction_code_description": "Grant, award, or other acquisition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NATIONAL BANKSHARES INC (NKSH) report for Mildred R. Johnson?

NATIONAL BANKSHARES INC reported that director Mildred R. Johnson received a grant of 221 shares of Common Stock. The shares were a time-based stock award with no cash paid per share and will vest after one year.

Is the NKSH Form 4 transaction an open-market buy or a stock award?

The NKSH Form 4 shows a stock award, not an open-market purchase. Director Mildred R. Johnson received 221 Common Stock shares as a time-based grant that vests on the one-year anniversary, with a reported per-share price of zero.

How many NATIONAL BANKSHARES INC shares does Mildred R. Johnson hold after this Form 4?

After the reported grant, Mildred R. Johnson directly holds 4,374 shares of NATIONAL BANKSHARES INC Common Stock. The filing also notes 1,235 shares held indirectly through her spouse as of the same transaction date.

What does the time-based stock award for NKSH director Mildred R. Johnson mean?

The time-based stock award grants 221 NKSH Common Stock shares to director Mildred R. Johnson that vest after one year. She must remain eligible through the vesting date to receive the full benefit of the award according to the disclosure.

How is the spouse’s ownership reported in the NKSH Form 4 for Mildred R. Johnson?

The Form 4 lists 1,235 NKSH Common Stock shares as indirectly owned by Mildred R. Johnson "by Spouse." This reflects indirect ownership, separate from her direct holdings, and is reported as a holding entry rather than a new transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Johnson Mildred R

(Last)

(First)

(Middle)

914 WILLARD DRIVE

(Street)

BLACKSBURG

VIRGINIA

24060

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/10/2026		A		221⁽¹⁾	A	$0	4,374	D
Common Stock								1,235	I	by Spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Grant of time-based stock award. The award will vest on the one-year anniversary.

	/s/Mildred R. Johnson	06/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR