David W. Pijor - Feb 9, 2023 Form 4 Insider Report for FVCBankcorp, Inc. (FVCB)

Role
Chairman/Chief Executive Offic, Director
Signature
Jennifer L. Deacon, Power of Attorney
Stock symbol
FVCB
Transactions as of
Feb 9, 2023
Transactions value $
-$667,988
Form type
4
Date filed
2/13/2023, 04:28 PM
Previous filing
Jun 27, 2022
Next filing
Mar 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FVCB Common Stock Options Exercise $490K +85.4K +19.95% $5.73 514K Feb 9, 2023 Direct F1, F2
transaction FVCB Common Stock Tax liability -$668K -47.4K -9.22% $14.10 466K Feb 9, 2023 Direct F1
holding FVCB Common Stock 2.82K Feb 9, 2023 Spouse 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 FVCB Stock Options Options Exercise -$490K -85.4K -100% $5.73 0 Feb 9, 2023 Common Stock 85.4K $5.73 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 47,375 shares withheld by Issuer at the market price of $14.10 per share less an exercise price of $5.7344 per share to fund the cashless exercise of 38,072 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 ("the Award Agreement").
F2 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 342,620 shares of Common Stock to 428,275 shares of Common Stock prior to the disclosed transaction.
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 2,252 shares of Common Stock to 2,815 shares of Common Stock.