NKSH director receives 221-share stock award

Dooley John Elliott reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 06/11/2026 - 11:02 AM EDT

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Form Type

Rhea-AI Filing Summary

Dooley John Elliott reported acquisition or exercise transactions in this Form 4 filing.

NATIONAL BANKSHARES INC director John Elliott Dooley received 221 shares of common stock as a time-based stock award on June 10, 2026. The award was granted at no cash price and will vest on the one-year anniversary. After this grant, he directly holds 14,426 shares.

Insider Trade Summary

Grant/Award: 221 shares

Grant/Award 1 txn

Insider Dooley John Elliott

Role Director

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

Holdings After Transaction: Common Stock — 14,426 shares (Direct)

Footnotes (1)

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

Key Figures

Shares granted: 221 shares Grant price: $0.0000 per share Shares held after grant: 14,426 shares +2 more

5 metrics

Shares granted 221 shares Time-based stock award on June 10, 2026

Grant price $0.0000 per share Equity compensation grant, not market purchase

Shares held after grant 14,426 shares Direct ownership following the reported transaction

Transaction code A Grant, award, or other acquisition of common stock

Transaction direction Acquire Equity award increases direct holdings

Key Terms

time-based stock award, Form 4, transaction code "A", equity compensation

4 terms

time-based stock award financial

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

Form 4 regulatory

"This Form 4 shows only an acquisition coded as a grant or award of 221 common shares."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code "A" regulatory

"Transaction code “A” in the NKSH Form 4 indicates a grant, award, or other acquisition."

equity compensation financial

"The grant was recorded as equity-based compensation rather than a market purchase."

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

FAQ

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

What insider transaction did NATIONAL BANKSHARES (NKSH) report for John Elliott Dooley?

NATIONAL BANKSHARES reported that director John Elliott Dooley received 221 shares of common stock as a time-based stock award. The grant was recorded on June 10, 2026 and reflects equity-based compensation rather than a market purchase.

Was the NKSH insider transaction a stock purchase or a compensation grant?

The NKSH transaction was a compensation grant, not a market purchase. John Elliott Dooley received 221 common shares as a time-based stock award, with a zero dollar per-share price, indicating an equity award rather than an open-market buy.

When will John Elliott Dooley’s NKSH stock award vest?

The award will vest on the one-year anniversary of the grant date. The footnote specifies it is a time-based stock award, meaning Dooley must remain eligible over that year for the 221 shares to fully vest.

How many NATIONAL BANKSHARES (NKSH) shares does John Elliott Dooley hold after this grant?

After receiving the 221-share award, John Elliott Dooley directly holds 14,426 shares of NATIONAL BANKSHARES common stock. This figure, disclosed in the Form 4, represents his direct ownership position following the reported compensation grant.

Did John Elliott Dooley sell any NKSH shares in this Form 4 filing?

No sales were reported in this Form 4. The filing shows only an acquisition coded as a grant or award of 221 common shares, with no corresponding dispositions or open-market sale transactions disclosed for the same date.

What does transaction code “A” mean in the NKSH Form 4 filing?

Transaction code “A” in the NKSH Form 4 indicates a grant, award, or other acquisition. In this case, it reflects a time-based stock award of 221 shares to director John Elliott Dooley that will vest after one year.

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^*

Dooley John Elliott

(Last)

(First)

(Middle)

2131 PLANK 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	14,426	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)
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/John Elliott Dooley	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