Lawrence W. Schwartz - Feb 14, 2023 Form 4/A - Amendment Insider Report for FVCBankcorp, Inc. (FVCB)

Role
Director
Signature
Jennifer L. Deacon, Power of Attorney
Stock symbol
FVCB
Transactions as of
Feb 14, 2023
Transactions value $
-$182,925
Form type
4/A - Amendment
Date filed
2/24/2023, 04:14 PM
Date Of Original Report
Feb 16, 2023
Previous filing
Nov 21, 2022
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FVCB Common Stock Options Exercise $115K +20.1K +208.41% $5.73 29.7K Feb 14, 2023 Direct F1, F2
transaction FVCB Common Stock Sale -$183K -13.5K -45.47% $13.55 16.2K Feb 14, 2023 Direct F1
holding FVCB Common Stock 46.3K Feb 14, 2023 IRA 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 -$115K -20.1K -100% $5.73 0 Feb 14, 2023 Common Stock 20.1K $5.73 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 16, 2023, the Reporting Person filed a Form 4 (the "Original Filing") that inadvertently reported a sale on February 14, 2023 of 13,500 shares of common stock beneficially owned indirectly through in his IRA. In fact, as reported in this amendment, the Reporting Person exercised an option on February 14, 2023 to purchase 20,062 shares of common stock to be held directly, and sold 13,500 of such shares on the same date.
F2 On January 31, 2023, the Issuer effected a five-for-four stock split in the form of a dividend of common stock (the "Stock Split"), which resulted in the Reporting Person's direct beneficial ownership of issued and outstanding common stock being increased from 7,701 shares of common stock to 9,626 shares of common stock prior to the disclosed transaction. This amendment correctly reports the number of shares of common stock beneficially owned directly, which was incorrectly reported in the Original Filing.
F3 As a result of the Stock Split, the Reporting Person's indirect beneficial ownership of common stock increased from 37,065 shares of common stock to 46,331 shares of common stock. This amendment correctly reports the number of shares of common stock beneficially owned indirectly, which was incorrectly reported in the Original Filing.