SCHEDULE: Fourthstone Entities Report 0% Stake in First National Corp.

Several Fourthstone-affiliated entities have filed a Schedule 13G, reporting 0.00% beneficial ownership of First National Corporation's common stock.

Summary

• This filing is an amendment to a Schedule 13G, indicating changes in beneficial ownership of First National Corporation's common stock.
• The reporting persons include Fourthstone LLC, Fourthstone Master Opportunity Fund Ltd., Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP, and L. Phillip Stone, IV.
• As of June 30, 2026, the reporting persons collectively hold 0.00% of the outstanding common stock.
• The shares were acquired in the ordinary course of business as a registered investment adviser and not for the purpose of influencing control of the issuer.
• The total number of outstanding shares of common stock considered for this filing was 9,040,967 as of May 7, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as having a neutral to slightly negative sentiment due to the disclosure of 0.00% beneficial ownership, indicating a lack of significant stake or influence by the reporting entities.

Negatives

• The reporting entities collectively hold 0.00% of the outstanding common stock of First National Corporation.
• This indicates no significant beneficial ownership or control influence by these entities.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to ownership disclosure.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors and investment advisers to report passive ownership stakes. The 0.00% reported ownership by these Fourthstone entities suggests they do not hold a significant position in First National Corporation, which is common for many investment managers who may hold small positions across numerous companies.

Stakeholder Impact

• Shareholders: The filing indicates no significant change in control or influence by the reporting entities, thus likely having minimal direct impact on shareholder value or corporate strategy.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, Ownership Disclosure