National Bankshares director receives 221-share grant

BALL LAWRENCE J reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 06/11/2026 - 10:28 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BALL LAWRENCE J reported acquisition or exercise transactions in this Form 4 filing.

National Bankshares Inc. director Lawrence J. Ball received a grant of 221 shares of Common Stock as a time-based stock award. The shares were awarded at a price of $0.00 per share and are scheduled to vest on the one-year anniversary of the grant date. Following this compensation-related award, Ball directly holds 23,609 shares of National Bankshares Common Stock, making this a relatively small, routine addition to his existing ownership rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 221 shares

Grant/Award 1 txn

Insider BALL LAWRENCE J

Role Director

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

Holdings After Transaction: Common Stock — 23,609 shares (Direct)

Footnotes (1)

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

Key Figures

Stock grant size: 221 shares Grant price per share: $0.00 per share Shares owned after transaction: 23,609 shares +1 more

4 metrics

Stock grant size 221 shares Common Stock grant to director on 2026-06-10

Grant price per share $0.00 per share Equity compensation, non-cash award

Shares owned after transaction 23,609 shares Director’s direct holdings following grant

Vesting period 1 year Time-based stock award vests on one-year anniversary

Key Terms

Grant, award, or other acquisition, time-based stock award, Common Stock, total_shares_following_transaction

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

time-based stock award financial

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

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

total_shares_following_transaction financial

"total_shares_following_transaction: 23609.0000"

FAQ

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

What insider transaction did National Bankshares (NKSH) report for Lawrence J. Ball?

National Bankshares reported that director Lawrence J. Ball received a grant of 221 shares of Common Stock. The award was issued at $0.00 per share as equity compensation, increasing his direct holdings to 23,609 shares after the transaction.

Was the NKSH Form 4 transaction an open-market buy or sell?

The NKSH Form 4 shows a grant, not an open-market trade. Ball’s 221-share award is coded as a “Grant, award, or other acquisition” with a $0.00 price, reflecting compensation rather than a discretionary stock purchase or sale in the market.

How many National Bankshares (NKSH) shares does Lawrence J. Ball own after the grant?

After receiving the 221-share grant, Lawrence J. Ball directly owns 23,609 shares of National Bankshares Common Stock. This filing updates his beneficial ownership and shows that the new award is a relatively small addition to his existing position.

What are the vesting terms of Lawrence J. Ball’s NKSH stock award?

The footnote explains that Ball’s 221-share grant is a time-based stock award. It will fully vest on the one-year anniversary of the grant date, meaning he must remain eligible through that period before the shares are no longer subject to vesting conditions.

What does transaction code "A" mean in the NKSH Form 4 for Lawrence J. Ball?

Transaction code “A” on the NKSH Form 4 stands for a grant, award, or other acquisition. In this case, it reflects an equity compensation grant of 221 shares of Common Stock to director Lawrence J. Ball, rather than a cash-funded stock purchase.

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^*

BALL LAWRENCE J

(Last) (First) (Middle)

1811 MOUNTAINSIDE 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2026		A		221(1)	A	$0	23,609	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/Lawrence J. Ball	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)