Fourthstone LLC Increases Stake in First National Corporation (FXNC) to 8.56%

On May 15, 2026, Fourthstone LLC and associated entities filed a Schedule 13G/A regarding their holdings in First National Corporation (FXNC). The filing indicates that Fourthstone LLC now beneficially owns 774,119 shares of Common Stock, representing an 8.56% ownership stake in the company. This position is held across several entities, including Fourthstone Master Opportunity Fund Ltd (6.32%), Fourthstone GP LLC (2.24%), Fourthstone QP Opportunity Fund LP (1.75%), and Fourthstone Small-Cap Financials Fund LP (0.50%). L. Phillip Stone, IV, as the Managing Member of Fourthstone LLC and Fourthstone GP, is also deemed to beneficially own these shares. The reporting persons certified that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. The calculation is based on 9,040,967 shares of Common Stock outstanding as of March 16, 2026. This amendment reflects an increase from previously reported holdings.