4/A: First National Corp Director James R. Wilkins III Amends Filing to Clarify Stock Purchase

James R. Wilkins III, a director at First National Corp /VA/ (FXNC), amended a previous SEC filing to reflect a stock purchase made through LTW Holdings, LLC.

Summary

• James R. Wilkins III, a director of First National Corp /VA/ (FXNC), filed an amendment to a previous Form 4 filing.
• The amendment clarifies a transaction that occurred on May 24, 2024, where 242 shares of Common Stock, $1.25 par value, were acquired at a price of $15.55 per share.
• These shares were acquired indirectly through LTW Holdings, LLC.
• Following the reported transaction, Wilkins III beneficially owns 7,611 shares indirectly through LTW Holdings, LLC, in addition to 287,543 direct shares and 131,686 other indirect shares.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, providing transparency to the market.

Key Dates