Larry F. Mazza - 02 Sep 2022 Form 4 Insider Report for MVB FINANCIAL CORP (MVBF)

Role
Chief Executive Officer, Director
Signature
Lisa J. McCormick, POA for Larry F. Mazza
Issuer symbol
MVBF
Transactions as of
02 Sep 2022
Net transactions value
+$99,996
Form type
4
Filing time
07 Sep 2022, 15:23:03 UTC
Previous filing
24 May 2022
Next filing
23 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVBF Common Stock Options Exercise $99,996 +8,333 +1.5% $12.00 559,486 02 Sep 2022 Direct
transaction MVBF Common Stock Tax liability $0 -4,147 -0.74% $0.000000 555,384 02 Sep 2022 Direct F1, F2
holding MVBF Common Stock 22,305 02 Sep 2022 Owned By - Melissa Mazza F3

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 Common Stock Options Options Exercise $0 -8,333 -100% $0.000000* 0 02 Sep 2022 Common Stock 8,333 $12.00 Direct F4
holding MVBF Common Stock Options 100,000 02 Sep 2022 Common Stock 100,000 $12.50 Direct F5
holding MVBF Common Stock Options 50,000 02 Sep 2022 Common Stock 50,000 $12.85 Direct F6
holding MVBF Common Stock Options 100,000 02 Sep 2022 Common Stock 100,000 $19.65 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were sold between 09-02 and 09-06 at prices ranging from $31.11 to $31.68 to cover the exercise cost and taxes.
F2 Includes 45 shares acquired through MVB's Dividend Reinvestment Plan from June 2022.
F3 Owned by Melissa Mazza
F4 MVB Stock Options - 1/5 of the options become exercisable on 12/31/13, 12/31/14, 12/31/15, 12/31/16 and 12/31/17, respectively
F5 MVB Stock Options - 1/5 of the options became exercisable on 02/03/17, 02/03/18, 02/03/19, 02/03/20 and 02/03/21, respectively
F6 MVB Stock Options - 1/5 of the options become exercisable on 03/21/18, 03/21/19, 03/21/20, 03/21/21 and 03/21/22, respectively
F7 MVB Stock Options - 1/5 of the options become exercisable on 02/21/19, 02/21/20, 02/21/21, 02/21/22 and 02/21/23, respectively.