David B. Alvarez - Jun 1, 2022 Form 4 Insider Report for MVB FINANCIAL CORP (MVBF)

Role
Director
Signature
Lisa J. McCormick, POA for David B. Alvarez
Stock symbol
MVBF
Transactions as of
Jun 1, 2022
Transactions value $
$0
Form type
4
Date filed
6/3/2022, 12:26 PM
Previous filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVBF Common Stock Options Exercise $0 +1.79K +0.8% $0.00 224K Jun 1, 2022 Direct F1, F2, F3
holding MVBF Common Stock 90.6K Jun 1, 2022 Owned By Wife, Kimberly Alvarez

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 - Time-Vested Award Options Exercise $0 -1.76K -100% $0.00* 0 Jun 1, 2022 Common Stock 1.76K $0.00 Direct F1
transaction MVBF RSU - Time-Vested Award Award $0 +2.05K $0.00 2.05K Jun 1, 2022 Common Stock 2.05K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 100% of the restricted stock units, granted June 1, 2021, have vested and shares are are being issued.
F2 Includes 26 dividend equivalent shares accrued since the time of grant.
F3 Includes 1,701 shares acquired through MVB's Dividend Reinvestment Plan from June 2021 to present.
F4 The time-vested restricted stock units were granted pursuant to the MVB Financial Corp. 2022 Stock Incentive Plan and will vest 100% on the first anniversary of the grant date.