National Bankshares (NKSH) CEO receives RSU awards and added share holdings

Rhea-AI Filing Summary

National Bankshares President & CEO Lara E. Ramsey reported stock awards tied to restricted stock units. On February 14, 2026, she acquired 261 shares of common stock at $0, bringing her direct holdings from this line to 473 shares, following satisfaction of a performance-based RSU component granted on February 14, 2025.

On February 11, 2026, she was granted 967 restricted stock units at $0, with this award vesting in three equal installments beginning February 11, 2027, and her direct holdings from this line recorded as 1,440 shares. She also indirectly holds 6,634 shares of common stock through an ESOP.

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^*

Ramsey Lara E

(Last) (First) (Middle)

7479 BLUFF VIEW DRIVE

(Street)

RADFORD VA 24141

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/14/2026		A		261(1)	A	$0	473	D
Common Stock	02/11/2026		A		967(2)	A	$0	1,440	D
Common Stock								6,634	I	ESOP

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. Reports satisfaction of performance-based component of restricted stock units (RSUs) granted on 02/14/2025. The RSUs also have a time-based component that must be satisfied to fully vest.

2. The restricted stock unit grant vests in three equal installments beginning February 11, 2027.

	/s/ Lara. E Ramsey	02/17/2026
	** 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.

FAQ

What insider transactions did NKSH President & CEO Lara Ramsey report?

Lara E. Ramsey reported acquiring common stock through equity awards, not open-market purchases. She received 261 shares from performance-based RSUs and a 967-unit restricted stock grant, both at $0, increasing her direct and indirect holdings in National Bankshares.

How many National Bankshares (NKSH) shares did Lara Ramsey acquire on February 14, 2026?

On February 14, 2026, Lara Ramsey acquired 261 shares of National Bankshares common stock at $0 per share. This reflected the satisfaction of a performance-based component of RSUs granted on February 14, 2025, increasing the direct holdings line to 473 shares.

What are the vesting terms of Lara Ramsey’s February 11, 2026 NKSH RSU grant?

The February 11, 2026 restricted stock unit grant to Lara Ramsey vests in three equal installments. Vesting begins on February 11, 2027, spreading the award over time as long as vesting conditions are met, aligning her equity compensation with longer-term service at National Bankshares.

Are Lara Ramsey’s recent NKSH stock transactions open-market buys or awards?

The reported NKSH transactions are stock awards, not open-market buys. Both the 261-share and 967-unit entries are recorded with a $0 price and coded as grants or other acquisitions, reflecting equity compensation rather than cash purchases of National Bankshares stock.

How many National Bankshares (NKSH) shares does Lara Ramsey hold indirectly?

Lara Ramsey indirectly holds 6,634 shares of National Bankshares common stock through an ESOP. This indirect ownership is separate from her directly held shares and reflects her beneficial interest in the company’s employee stock ownership plan structure.

What is the role of performance-based RSUs in Lara Ramsey’s NKSH compensation?

Performance-based RSUs contributed 261 shares to Lara Ramsey’s holdings once performance conditions were met. These units, granted February 14, 2025, convert into shares only after specified performance criteria and additional time-based vesting are satisfied, reinforcing performance-linked compensation.