Patricia A. Ferrick - Feb 13, 2023 Form 4 Insider Report for FVCBankcorp, Inc. (FVCB)

Signature
Jennifer L. Deacon, Power of Attorney
Stock symbol
FVCB
Transactions as of
Feb 13, 2023
Transactions value $
-$77,707
Form type
4
Date filed
2/15/2023, 04:20 PM
Previous filing
Dec 15, 2022
Next filing
Apr 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FVCB Common Stock Options Exercise $90K +15.7K +12.5% $5.73 141K Feb 13, 2023 Direct F1
transaction FVCB Common Stock Options Exercise $63K +11K +7.77% $5.73 152K Feb 13, 2023 Direct F2
transaction FVCB Common Stock Tax liability -$77.7K -5.64K -3.7% $13.79 147K Feb 13, 2023 Direct F2

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 -$90K -15.7K -58.83% $5.73 11K Feb 13, 2023 Common Stock 15.7K $5.73 Direct
transaction FVCB Stock Options Options Exercise -$63K -11K -100% $5.73 0 Feb 13, 2023 Common Stock 11K $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 100,481 shares of Common Stock to 125,601 shares of Common Stock prior to the disclosed transaction.
F2 Reflects 5,635 shares withheld by Issuer at the market price of $13.79 per share less an exercise price of $5.7344 per share to fund cashless exercise of 5,350 options owned by the Reporting Person pursuant to the Issuer's Amended and Restate 2008 Option Plan (the "Plan") and the related Stock Option Award Agreement ("Award Agreement").