SEC Form 4 · accession 0001463305-26-000004

· FCBC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Gary R Mills

Officer — President

Period of report

Jul 28, 2026

Accepted (ET)

Jul 30, 2026 · 2:11 pm EDT

Rule 10b5-1 plan

box not checked

Issuer CIK

0000859070

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
COMMON STOCK	Jul 28, 2026	M	865	$24.65	A	13,642	D
COMMON STOCK	Jul 28, 2026	M	3,500	$33.00	A	17,142	D
COMMON STOCK^F1	Jul 30, 2026	S	3,500	$47.671	D	5,798	D
COMMON STOCK^F1,F2	holding	—	—		—	42,744	D
COMMON STOCK^F3	holding	—	—		—	10,995	I	By Employee Stock Ownership & Savings Plan

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
STOCK OPTION^F4,F5	$24.65	Jul 28, 2026	M	865	D	Dec 31, 2002	—	COMMON STOCK	865	0	D
STOCK OPTION^F6	$33.00	Jul 28, 2026	M	3,500	D	Mar 31, 2022	Mar 19, 2031	COMMON STOCK	3,500	12,299	D
STOCK OPTION^F4,F5	$29.15	holding	—	—	—	Dec 31, 2003	—	COMMON STOCK	3,025	3,025	D
PHANTOM STOCK^F7	—	holding	—	—	—	—	—	COMMON STOCK	15,968	15,968	I
RESTRICTED STOCK UNITS^F8	—	holding	—	—	—	—	—	COMMON STOCK	5,728	5,728	D
RESTRICTED STOCK UNITS^F9	—	holding	—	—	—	—	—	COMMON STOCK	5,107	5,107	D
RESTRICTED STOCK UNITS^F10	—	holding	—	—	—	—	—	COMMON STOCK	4,917	4,917	D

Explanation of responses

F1Shares were transferred from individual account to joint account.
F10Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. 30% of the restricted stock units cliff vest on May 27, 2029, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2029. All vesting is contingent upon the continued employment of the reporting person.
F2Owned jointly with spouse.
F3Shares were acquired due to quarterly dividend reinvestment.
F4Stock options vest and become exercisable in seven equal annual installments beginning with the date listed.
F5Stock options are exercisable until 5 years after retirement at or after age 62, disability or death. If employment is terminated other than by retirement at or after 62, disability or death vested options must be exercised within 90 days after the effective date of termination. Any option not exercised within such period shall be deemed cancelled.
F6Stock options vest in three equal installments over three years beginning with 03/31/2022.
F7Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of employment.
F8Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. The restricted stock units cliff vest on May 29, 2027 based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2027 and the continued employment of the reporting person.
F9Each restricted stock unit represents a contingent right to receive one share of First Community Bankshares Inc. common stock, or at the reporting persons election, the cash value thereof. 30% of the restricted stock units cliff vest on May 28, 2028, and 70% of the units vest based on First Community Bankshares, Inc. satisfaction of certain performance criteria for the three years ending March 31, 2028. All vesting is contingent upon the continued employment of the reporting person.