National Bankshares Inc (NKSH) director receives 221-share stock award

Rhea-AI Filing Summary

National Bankshares Inc director Michael E. Dye received a grant of 221 shares of Common Stock as a time-based stock award. The award will vest on the one-year anniversary. Following this compensation-related acquisition, he directly owns 5,441 common shares.

Insider Trade Summary

Net Buyer: 221 shares

Net Buy 1 txn

Insider Dye Michael E

Role Director

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

Holdings After Transaction: Common Stock — 5,441 shares (Direct)

Footnotes (1)

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

Key Figures

Stock award size: 221 shares Grant price per share: $0.00 per share Shares held after grant: 5,441 shares

3 metrics

Stock award size 221 shares Time-based stock grant on 2026-06-10

Grant price per share $0.00 per share Equity compensation, not open-market purchase

Shares held after grant 5,441 shares Director’s direct ownership following transaction

Key Terms

time-based stock award, vest, Grant, award, or other acquisition

3 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.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/11/2026 - 11:21 AM Accepted by SEC EDGAR 06/11/2026 - 11:20 AM Learn about SEC filing dates

FAQ

What insider transaction did National Bankshares (NKSH) report for Michael E. Dye?

National Bankshares reported that director Michael E. Dye received a grant of 221 shares of Common Stock. This was a compensation-related stock award, not an open-market purchase or sale, and increased his directly held position reported in this filing.

Was the National Bankshares (NKSH) share grant to Michael E. Dye an open-market purchase?

No, the 221-share transaction was coded as a grant, award, or other acquisition at a price of $0.00 per share. It represents equity compensation rather than an open-market purchase of National Bankshares stock by the director.

How many National Bankshares (NKSH) shares does Michael E. Dye hold after this grant?

After receiving the 221-share time-based award, Michael E. Dye directly holds 5,441 shares of National Bankshares Common Stock. This figure reflects his direct ownership position immediately following the reported Form 4 transaction.

When will Michael E. Dye’s National Bankshares (NKSH) stock award vest?

The footnote states that the time-based stock award to Michael E. Dye will vest on the one-year anniversary of the grant date. Until vesting, the award remains subject to this time-based vesting condition disclosed in the filing.

How is the National Bankshares (NKSH) director stock award described in the filing?

The filing describes the transaction as a grant, award, or other acquisition of 221 shares of Common Stock. A footnote clarifies it is a time-based stock award that will fully vest on the one-year anniversary of the grant date.

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^*

Dye Michael E

(Last) (First) (Middle)

PO BOX 346

(Street)

BLUEFIELD VIRGINIA 24605

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2026		A		221(1)	A	$0	5,441	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 time-based stock award. The award will vest on the one-year anniversary.

	/s/Michael E. Dye	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)