NKSH director receives 221-share stock award

DENARDO F BRAD reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 06/11/2026 - 10:47 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

DENARDO F BRAD reported acquisition or exercise transactions in this Form 4 filing.

NATIONAL BANKSHARES INC director F. Brad Denardo reported a stock award and updated holdings. He received a grant of 221 shares of Common Stock as a time-based stock award, at no cash cost, which will vest on the one-year anniversary of the grant date.

Following this grant, he holds 18,657 Common Stock shares directly and 20,045 shares indirectly through an ESOP. This filing reflects a compensation-related award rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 221 shares

Grant/Award 1 txn

Insider DENARDO F BRAD

Role Director

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

Holdings After Transaction: Common Stock — 18,657 shares (Direct); Common Stock — 20,045 shares (Indirect, ESOP)

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 Direct holdings after grant: 18,657 shares Indirect ESOP holdings: 20,045 shares +1 more

4 metrics

Stock award size 221 shares Time-based Common Stock award, grants at $0.0000 per share

Direct holdings after grant 18,657 shares Common Stock, direct ownership following 221-share award

Indirect ESOP holdings 20,045 shares Common Stock held indirectly through ESOP as of transaction date

Award vesting period One year Time-based stock award vests on one-year anniversary

Key Terms

time-based stock award, ESOP, 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."

ESOP financial

"total_shares_following_transaction: 20045.0000, direct_or_indirect: I, nature_of_ownership: ESOP"

An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What did NKSH director F. Brad Denardo report in this Form 4?

He reported receiving a grant of 221 shares of NATIONAL BANKSHARES INC Common Stock as a time-based stock award. The shares were issued at no cash cost and represent equity-based compensation rather than an open-market stock purchase or sale.

How many NKSH shares does F. Brad Denardo hold directly after the grant?

After the grant, he holds 18,657 shares of NATIONAL BANKSHARES INC Common Stock directly. This figure comes from the Form 4 table, which lists total shares following the 221-share award classified as a non-derivative, direct ownership position.

What is the vesting schedule for the new NKSH stock award?

The 221-share stock award is time-based and will vest on the one-year anniversary of the grant date. Until vesting, the award remains subject to service-based conditions, as described in the footnote stating it is a grant of a time-based stock award.

Does this NKSH Form 4 show any stock sales by F. Brad Denardo?

No stock sales are reported in this Form 4. The filing shows a compensation-related acquisition of 221 shares and an indirect ESOP holding entry, with no transactions coded as open-market sales or other dispositions of NATIONAL BANKSHARES INC shares.

What indirect NKSH holdings does F. Brad Denardo report through the ESOP?

He reports 20,045 shares of NATIONAL BANKSHARES INC Common Stock held indirectly through an ESOP. This amount appears as total shares following a holding entry classified as indirect ownership, providing additional context to his overall share exposure.

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^*

DENARDO F BRAD

(Last) (First) (Middle)

124 MATEER CIRCLE

(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	18,657	D
Common Stock								20,045	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. Grant of time-based stock award. The award will vest on the one-year anniversary.

	/s/F. Brad Denardo	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)