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

Rhea-AI Filing Summary

Smith Lutheria H. reported acquisition or exercise transactions in this Form 4 filing.

National Bankshares Inc. director Lutheria H. Smith 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 award, Smith directly holds 2,201 shares of National Bankshares common stock. This transaction reflects equity-based compensation rather than an open-market purchase.

Insider Trade Summary

Net Buyer: 221 shares

Net Buy 1 txn

Insider Smith Lutheria H.

Role Director

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

Holdings After Transaction: Common Stock — 2,201 shares (Direct)

Footnotes (1)

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: $0.00 per share Shares owned after: 2,201 shares +1 more

4 metrics

Shares granted 221 shares Time-based stock award to director on grant date

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

Shares owned after 2,201 shares Director’s direct holdings following the grant

Vesting period One year Award vests on the one-year anniversary of grant

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"

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Available on EDGAR 06/11/2026 - 12:18 PM Accepted by SEC EDGAR 06/11/2026 - 12:18 PM Learn about SEC filing dates

FAQ

What insider transaction did NATIONAL BANKSHARES INC (NKSH) disclose on this Form 4?

NATIONAL BANKSHARES INC reported that director Lutheria H. Smith received a grant of 221 shares of Common Stock. This was an equity award, not an open-market purchase, and increases her direct ownership to 2,201 shares after the transaction.

How many NATIONAL BANKSHARES INC (NKSH) shares were granted to Lutheria H. Smith?

Lutheria H. Smith was granted 221 shares of NATIONAL BANKSHARES INC Common Stock. The award was recorded at $0.00 per share as compensation, increasing her direct holdings to 2,201 shares immediately after the grant was made.

When will Lutheria H. Smith’s NKSH stock award vest?

The time-based stock award to Lutheria H. Smith will vest on the one-year anniversary of the grant date. This means she must remain eligible through that one-year period to fully earn the 221-share award described in the filing.

Was the NKSH Form 4 transaction an open-market buy or a compensation grant?

The NKSH Form 4 transaction is a compensation grant, not an open-market buy. The filing shows a transaction code “A” and a price of $0.00 per share, indicating a grant or award of 221 shares as part of director compensation.

What is Lutheria H. Smith’s total NKSH shareholding after this Form 4 transaction?

After receiving the 221-share stock award, Lutheria H. Smith directly owns 2,201 shares of NATIONAL BANKSHARES INC Common Stock. This total reflects her position immediately following the grant, as reported in the Form 4 transaction details.

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^*

Smith Lutheria H.

(Last) (First) (Middle)

3547 PENARTH ROAD, SW

(Street)

ROANOKE VIRGINIA 24014

(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	2,201	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/Lutheria H. Smith	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)