Virginia National Bankshares CFO reports 2,000-share stock option award

Rhea-AI Filing Summary

Virginia National Bankshares Corp (VABK)2,000 shares of common stock at an exercise price of $39.33 per share, held directly. The option expires on November 16, 2035 and vests in four equal annual installments beginning on November 17, 2026, which means the award becomes exercisable over time rather than all at once.

11/26/2025 - 08:51 AM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Liles Cathy W

(Last) (First) (Middle)

225 BACHELOR HALL FARM RD

(Street)

DANVILLE VA 24541

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/21/2025

3. Issuer Name and Ticker or Trading Symbol
Virginia National Bankshares Corp [ VABK ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer & EVP

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option 2025-03 ISO (Right to Buy)	(1)	11/16/2035	Common Stock	2,000	$39.33	D

Explanation of Responses:

1. The option vests in four equal annual installments beginning on November 17, 2026

	/s/ Cathy W. Liles	11/26/2025
	** 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 5 (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).
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FAQ

What insider transaction is disclosed for Virginia National Bankshares (VABK)?

The filing shows that Cathy W. Liles, Chief Financial Officer and Executive Vice President of Virginia National Bankshares Corp, received a stock option labeled "Stock Option 2025-03 ISO (Right to Buy)" for 2,000 shares of VABK common stock.

What are the key terms of Cathy W. Liles' VABK stock option?

The option covers 2,000 shares of Virginia National Bankshares common stock at an exercise price of $39.33 per share, is held directly, and expires on November 16, 2035.

How does the VABK stock option granted to the CFO vest over time?

The option vests in four equal annual installments, beginning on November 17, 2026. This means one-quarter of the total 2,000 shares becomes exercisable each year starting on that date.

Who is the reporting person in this Virginia National Bankshares SEC ownership filing?

The reporting person is Cathy W. Liles, who serves as Chief Financial Officer and Executive Vice President of Virginia National Bankshares Corp.

Is the VABK stock option held directly or indirectly by the reporting person?

The stock option for 2,000 shares of Virginia National Bankshares common stock is reported as held in direct (D) ownership by Cathy W. Liles.

What is the expiration date of the VABK stock option reported for the CFO?

The stock option reported for Cathy W. Liles expires on November 16, 2035, providing a long-dated right to purchase VABK common shares at the fixed exercise price.