Thomas L. /Va/ Patterson - Feb 1, 2023 Form 4 Insider Report for FVCBankcorp, Inc. (FVCB)

Role
Director
Signature
Jennifer L. Deacon, Power of Attorney
Stock symbol
FVCB
Transactions as of
Feb 1, 2023
Transactions value $
$134,409
Form type
4
Date filed
2/3/2023, 04:20 PM
Previous filing
Nov 14, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FVCB Common Stock Options Exercise $134K +23.4K +30% $5.73 102K Feb 1, 2023 Trust F1, F2
transaction FVCB Common Stock Tax liability $134K +9.85K +12.04% $13.64 91.7K Feb 1, 2023 Trust F2
holding FVCB Common Stock 26.1K Feb 1, 2023 Direct F3
holding FVCB Common Stock 33K Feb 1, 2023 IRA F4

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 FVCB Stock Options Options Exercise -$134K -23.4K -100% $5.73 0 Feb 1, 2023 Common Stock 23.4K $5.73 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 31, 2023, the Issuer effected a five-for-four stock split in the form of a dividend (the "Stock Split") of all of its issued and outstanding shares of common stock ("Common Stock"), which resulted in the Reporting Person's ownership of issued and outstanding Common Stock being increased from 62,506 shares of Common Stock to 78,133 shares of Common Stock prior to the disclosed transaction.
F2 Reflects 9,854 shares withheld by issue at the market price of $13.64 per share less an exercise price of $5.7344 per share to fund the cashless exercise of 13,583 options owned by the Reporting Person pursuant to the Issuer's Amended and Restated 2008 Option Plan (the "Plan") and the related Stock Option Award Agreement ("Award Agreement").
F3 On January 31, 2023, the Issuer effected a Stock Split of all of its issued and outstanding shares of Common Stock, which resulted in the Reporting Person's ownership of issued and outstanding Common Stock being increased from 20,874 shares of Common Stock to 26,093 shares of Common Stock.
F4 On January 31, 2023, the Issuer effected a Stock Split of all of its issued and outstanding shares of Common Stock, which resulted in the Reporting Person's ownership of issued and outstanding Common Stock being increased from 26,366 shares of Common Stock to 32,958 shares of Common Stock.