National Bankshares (NKSH) director reports 219-share stock grant filing

Rhea-AI Filing Summary

National Bankshares Inc. director F. Brad Denardo reported receiving a time-based stock award of 219 shares of common stock on December 10, 2025 at a price of $0 per share. The award will vest on the one-year anniversary of the grant date.

Following this grant, the director beneficially owns 18,436 shares of National Bankshares common stock directly and 20,045 shares indirectly through an ESOP, reflecting his updated ownership position in the company.

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

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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 VA 24060

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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	12/10/2025		A		219(1)	A	$0	18,436	D
Common Stock								20,045	I	by 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 a time-based stock award. The award will vest on the one-year anniversary.

	/s/F. Brad Denardo	12/11/2025
	** 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 transaction did National Bankshares (NKSH) report in this filing?

The filing shows that a director of National Bankshares received a time-based stock award of 219 shares of common stock on December 10, 2025 at a price of $0 per share.

Who is the reporting person in this National Bankshares (NKSH) Form 4?

The reporting person is F. Brad Denardo, who is identified as a director of National Bankshares Inc.

How many National Bankshares (NKSH) shares does the director own after the reported transaction?

After the transaction, the director beneficially owns 18,436 shares of National Bankshares common stock directly and 20,045 shares indirectly through an ESOP.

What type of equity award did the National Bankshares (NKSH) director receive?

The director received a time-based stock award of 219 shares of National Bankshares common stock, as noted in the explanation of responses.

When will the National Bankshares (NKSH) stock award granted to the director vest?

The explanation states that the award will vest on the one-year anniversary of the grant, which was made on December 10, 2025.

Is the National Bankshares (NKSH) director’s ownership reported as direct or indirect?

The filing reports 18,436 shares as direct ownership and 20,045 shares as indirect ownership held by ESOP.