X0306 4 2021-04-01 0 0001572334 Virginia National Bankshares Corp VABK 0001453101 Frostick Randolph D 10 COURTHOUSE SQUARE WARRENTON VA 20186 1 0 0 0 Common Stock 2021-04-01 4 A 0 6151 A 6151 D Common Stock 2021-04-01 4 A 0 926 0.00 A 7077 D Received in exchange for 9,115 shares of Fauquier Bankshares, Inc. ("Fauquier") common stock in connection with the merger of Fauquier with and into Virginia National Bankshares Corporation ("Virginia National") effective April 1, 2021 (the "Merger"). At the effect time of the Merger at 12:01 a.m. on April 1, 2021 (the "Effective Time"), each outstanding share of common stock of Fauquier converted into the right to receive 0.675 shares of Virginia National common stock. On March 31, 2021, the last trading day before the Effective Time, the closing price of the common stock of Fauquier was $21.28 per share and the closing price of the common stock of Virginia National was $30.35 per share. All fractional share holdings were paid in cash. This option vests in four equal annual installments beginning April 1, 2022. /s/ Donna G. Shewmake, Attorney-in-Fact 2021-04-05