Form 4: Director Gerald F. Smith Jr. Reports Indirect Disposition of 3,700 Shares of First National Corp /VA/

Director Gerald F. Smith Jr. reports an indirect disposition of 3,700 shares of First National Corp /VA/ common stock through the Kaye DeHaven Smith Revocable Trust.

Summary

• On May 6, 2025, Gerald F. Smith Jr., a director of First National Corp /VA/ (FXNC), reported a transaction involving the company's common stock.
• The transaction involved the indirect disposition of 3,700 shares of common stock, $1.25 par value, at a price of $0.
• This disposition occurred through the Kaye DeHaven Smith Revocable Trust, where the reporting person's spouse serves as trustee.
• Following the reported transaction, Smith's beneficial ownership includes 40,155 shares held directly and various amounts held indirectly through several trusts.
• These trusts include the Kaye DeHaven Smith Revocable Trust (68,670 shares), The Smith 2012 GST Trust (12,372 shares), G.F. Smith Jr. GST Trust (245,124 shares), G.F. Smith Jr. Revocable Trust (15,046 shares), The Smith 2012 Spousal Trust (17,724 shares), and Kaye DeHaven Smith Irrevocable Trust FBO Elise D. Smith (900 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, as required by the Securities and Exchange Act of 1934. It provides transparency regarding the holdings and transactions of company insiders, allowing investors to monitor potential changes in ownership and alignment of interests.

Stakeholder Impact

• The transaction may have a minor impact on shareholders by slightly decreasing the number of shares held by insiders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Gerald F. Smith Jr., First National Corp /VA/, FXNC, Stock Transaction, Indirect Disposition, Trusts