Jay B. Keyser - Oct 28, 2021 Form 5 Insider Report for Virginia National Bankshares Corp (VABK)

Role: Director
Signature: Donna G. Shewmake, Attorney-in-Fact
Stock symbol: VABK
Transactions as of: Oct 28, 2021
Transactions value $: $0
Form type: 5
Date filed: 2/15/2022, 10:47 AM
Previous filing: Jun 21, 2021
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VABK	Common Stock	Gift	$0	-5.67K	-84.58%	$0.00	1.03K	Oct 28, 2021	By Revocable Trust	F1
transaction	VABK	Common Stock	Gift	$0	+5.67K		$0.00	5.67K	Oct 28, 2021	By LLC	F1
holding	VABK	Common Stock						1.29K	Oct 28, 2021	Direct

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

Explanation of Responses:

Id	Content
F1	On October 27, 2021, the reporting person transferred shares from by his revocable trust to a newly created LLC of which he was the sole member and manager. On October 31, 2021, the reporting person transferred 100% of the ownership of the LLC to an irrevocable trust for the benefit of his wife, children and future lineal descendants. The reporting person's wife and a third party are co-trustees of the irrevocable trust. The reporting person remains as the manager of the LLC with sole voting and investment authority.

Content

On October 27, 2021, the reporting person transferred shares from by his revocable trust to a newly created LLC of which he was the sole member and manager. On October 31, 2021, the reporting person transferred 100% of the ownership of the LLC to an irrevocable trust for the benefit of his wife, children and future lineal descendants. The reporting person's wife and a third party are co-trustees of the irrevocable trust. The reporting person remains as the manager of the LLC with sole voting and investment authority.