Larry F. Mazza - Sep 2, 2022 Form 4 Insider Report for MVB FINANCIAL CORP (MVBF)

Role
Chief Executive Officer, Director
Signature
Lisa J. McCormick, POA for Larry F. Mazza
Stock symbol
MVBF
Transactions as of
Sep 2, 2022
Transactions value $
$99,996
Form type
4
Date filed
9/7/2022, 03:23 PM
Previous filing
May 24, 2022
Next filing
Mar 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MVBF Common Stock Options Exercise $100K +8.33K +1.51% $12.00 559K Sep 2, 2022 Direct
transaction MVBF Common Stock Tax liability $0 -4.15K -0.74% $0.00 555K Sep 2, 2022 Direct F1, F2
holding MVBF Common Stock 22.3K Sep 2, 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 -8.33K -100% $0.00* 0 Sep 2, 2022 Common Stock 8.33K $12.00 Direct F4
holding MVBF Common Stock Options 100K Sep 2, 2022 Common Stock 100K $12.50 Direct F5
holding MVBF Common Stock Options 50K Sep 2, 2022 Common Stock 50K $12.85 Direct F6
holding MVBF Common Stock Options 100K Sep 2, 2022 Common Stock 100K $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.