Craig Bradley Greathouse - May 20, 2022 Form 4 Insider Report for MVB FINANCIAL CORP (MVBF)

Role: Chief Administrative Officer
Signature: Lisa J. McCormick, POA for Craig Bradley Greathouse
Stock symbol: MVBF
Transactions as of: May 20, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/24/2022, 09:05 AM
Previous filing: May 3, 2022
Next filing: May 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MVBF	Common Stock	Options Exercise	$0	+1.72K	+21.35%	$0.00	9.75K	May 20, 2022	Direct	F1, F2
transaction	MVBF	Common Stock	Options Exercise	$0	+1.27K	+13.02%	$0.00	11K	May 20, 2022	Direct	F2, F3
transaction	MVBF	Common Stock	Options Exercise	$0	+792	+7.19%	$0.00	11.8K	May 20, 2022	Direct	F4, F5
transaction	MVBF	Common Stock	Tax liability	$0	-1.17K	-9.88%	$0.00	10.6K	May 20, 2022	Direct

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	MVBF	RSU - TSR	Options Exercise	$0	-1.11K	-100%	$0.00^*	0	May 20, 2022	Common Stock	1.11K	$0.00	Direct	F6
transaction	MVBF	RSU - ROA Award	Options Exercise	$0	-820	-100%	$0.00^*	0	May 20, 2022	Common Stock	820	$0.00	Direct	F7
transaction	MVBF	RSU - Time-Vested Award	Options Exercise	$0	-765	-33.3%	$0.00	1.53K	May 20, 2022	Common Stock	765	$0.00	Direct	F8

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

Explanation of Responses:

Id	Content
F1	Includes 52 dividend equivalent shares accrued since the time of grant.
F2	Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted on May 20, 2019. The performance conditions applicable to the award were determined to have been satisfied by the Company's HR & Compensation Committee.
F3	Includes 39 dividend equivalent shares accrued since the time of grant.
F4	Includes 27 dividend equivalent shares accrued since the time of grant.
F5	1/5 of the restricted units, granted May 20, 2019, have vested and are being issued.
F6	The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and will vest in one installment at the end of three years upon meeting the Total Shareholder Return target.
F7	The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended), which vest in one installment at the end of three years upon meeting the established ROA target.
F8	The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and have a five-year graded vesting schedule assuming continued employment with the Company.