John Charles Marion - 01 May 2024 Form 4 Insider Report for MVB FINANCIAL CORP (MVBF)

Role: Chief Risk Officer
Signature: Lisa J. McCormick, POA for John Charles Marion
Issuer symbol: MVBF
Transactions as of: 01 May 2024
Net transactions value: -$24,036
Form type: 4
Filing time: 03 May 2024, 11:35:02 UTC
Previous filing: 24 May 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	$0	+306	+39%	$0.000000	1,096	01 May 2024	Direct	F1, F2
transaction	MVBF	Common Stock	Options Exercise	$0	+587	+54%	$0.000000	1,683	01 May 2024	Direct	F3, F4
transaction	MVBF	Common Stock	Options Exercise	$0	+1,270	+75%	$0.000000	2,953	01 May 2024	Direct	F5, F6
transaction	MVBF	Common Stock	Options Exercise	$0	+1,944	+65%	$0.000000	4,922	01 May 2024	Direct	F7, F8, F9
transaction	MVBF	Common Stock	Tax liability	$24,036	-1,307	-27%	$18.39	3,615	02 May 2024	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 - Time-Vested Award	Options Exercise	$0	-282	-33%	$0.000000	565	01 May 2024	Common Stock	282	$0.000000	Direct	F10
transaction	MVBF	RSU - Time-Vested Award	Options Exercise	$0	-546	-50%	$0.000000	546	01 May 2024	Common Stock	546	$0.000000	Direct	F11
transaction	MVBF	RSU - Time-Vested Award	Options Exercise	$0	-1,224	-33%	$0.000000	2,448	01 May 2024	Common Stock	1,224	$0.000000	Direct	F12
transaction	MVBF	RSU - Time-Vested Award	Options Exercise	$0	-1,874	-100%	$0.000000^*	0	01 May 2024	Common Stock	1,874	$0.000000	Direct	F13
transaction	MVBF	RSU - Time-Vested Award	Award	$0	+3,568		$0.000000	3,568	01 May 2024	Common Stock	3,568	$0.000000	Direct	F12

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

Explanation of Responses:

Id	Content
F1	1/5 of the time-based restricted stock units, granted May 1, 2021, have vested and shares are being issued.
F2	Includes 24 dividend equivalent shares accrued since the time of grant.
F3	1/3 of the time-based restricted stock units, granted May 1, 2022, have vested and shares are being issued.
F4	Includes 41 dividend equivalent shares accrued since the time of grant.
F5	1/3 of the time-based restricted stock units, granted May 1, 2023, have vested and shares are being issued.
F6	Includes 46 dividend equivalent shares accrued since the time of grant.
F7	100% of the time-based restricted stock units, granted May 1, 2023, have vested and shares are being issued.
F8	Includes 70 dividend equivalent shares accrued since the time of grant.
F9	This total includes 25 shares acquired through MVB's Dividend Reinvestment Plan.
F10	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.
F11	The restricted units were granted pursuant to the 2013 Stock Incentive Plan (Amended) and have a three-year graded vesting schedule assuming continued employment with the Company.
F12	The restricted units were granted pursuant to the 2022 Stock Incentive Plan and have a three-year graded vesting schedule assuming continued employment with the Company.
F13	Time-vested restricted stock units were granted pursuant to the 2022 Stock Incentive Plan and have a one-year vesting schedule assuming continued employment with the Company.