Stanley B. Jones Jr. - Dec 3, 2021 Form 4 Insider Report for Community Bankers Trust Corp (ESXB)

Role: EVP and CCO, Essex Bank
Signature: /s/ John M. Oakey, III by power of attorney
Stock symbol: ESXB
Transactions as of: Dec 3, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/7/2021, 04:21 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ESXB	Employee Stock Option	Disposed to Issuer		-20K	-100%		0	Dec 3, 2021	Common Stock	20K	$7.75	Direct	F1, F2
transaction	ESXB	Restricted Stock Units (performance-based)	Disposed to Issuer		-5K	-100%		0	Dec 3, 2021	Common Stock	5K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stanley B. Jones Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The option was to vest in four equal annual installments beginning on February 22, 2022.
F2	The transaction reported is the disposition of derivative securities pursuant to the terms of the Agreement and Plan of Reorganization, dated June 2, 2021, by and between United Bankshares, Inc. ("United") and the Issuer, pursuant to which the Issuer was merged with and into United effective December 3, 2021 (the "Merger"). The option was assumed by United in the Merger, vesting in accordance with the terms of the award agreement, and replaced with an option to purchase shares of United's common stock equal to the number of shares of the Issuer's common stock subject to such option multiplied by 0.3173, at an exercise price equal to the exercise price of such option divided by 0.3173.
F3	The restricted stock units were assumed by United in the Merger, vesting in accordance with the terms of the award agreement, and replaced with the right to receive a number of shares of United's common stock equal to the vested number of shares of the Issuer's common stock multiplied by 0.3173. The vesting of the performance-based restricted stock units, and the corresponding issuance of shares of common stock, had been based on the Issuer's performance with respect to the return on average assets financial metric over the three-year period ending December 31, 2023.