David D. Brown - 27 May 2025 Form 4 Insider Report for FIRST COMMUNITY BANKSHARES INC /VA/ (FCBC)

Role: Chief Financial Officer
Signature: David D. Brown by: Sarah W. Harmon (His Attorney-in-Fact)
Issuer symbol: FCBC
Transactions as of: 27 May 2025
Net transactions value: -$102,835
Form type: 4
Filing time: 29 May 2025, 15:43:39 UTC
Previous filing: 13 Nov 2024
Next filing: 04 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Brown David D	Chief Financial Officer	PO BOX 989, BLUEFIELD	David D. Brown by: Sarah W. Harmon (His Attorney-in-Fact)	29 May 2025	0001361953

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FCBC	COMMON STOCK	Options Exercise		+2,727	+22%		15,403	27 May 2025	Direct	F1
transaction	FCBC	COMMON STOCK	Disposed to Issuer	$102,835	-2,727	-18%	$37.71	12,676	27 May 2025	Direct	F2
holding	FCBC	COMMON STOCK						1,650	27 May 2025	IRA
holding	FCBC	COMMON STOCK						4,789	27 May 2025	By Employee Stock Ownership & Savings Plan	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	FCBC	RESTRICTED STOCK UNITS	Options Exercise	$0	-2,727	-100%	$0.000000	0	27 May 2025	COMMON STOCK	2,727		Direct	F1
transaction	FCBC	RESTRICTED STOCK UNIT	Award	$0	+2,332		$0.000000	2,332	28 May 2025	COMMON STOCK	2,332		Direct	F8
holding	FCBC	PHANTOM STOCK						9,914	27 May 2025	COMMON STOCK	9,914		By 401k Wrap	F4
holding	FCBC	RESTRICTED STOCK UNITS						3,132	27 May 2025	COMMON STOCK	3,132		Direct	F5
holding	FCBC	STOCK OPTION						4,455	27 May 2025	COMMON STOCK	4,455	$33.00	Direct	F6
holding	FCBC	RESTRICTED STOCK UNITS						2,427	27 May 2025	COMMON STOCK	2,427		Direct	F7

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units cliff vest on May 24, 2025 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2025 and the continued employment of the reporting person.
F2	The reporting person settled these shares in cash upon vesting.
F3	Shares were acquired due to nondiscretionary company contribution and allocation under 401(k) plan as well as quarterly dividend reinvestment.
F4	Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of employment.
F5	Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units cliff vest on May 23, 2026 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2026 and the continued employment of the reporting person.
F6	Stock options vest in three equal installments over three years beginning with 03/31/2022.
F7	Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units cliff vest on May 29, 2027 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2027 and the continued employment of the reporting person.
F8	Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. 30% of the restricted stock units cliff vest on May 28, 2028, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2028. All vesting is contingent upon the continued employment of the reporting person.