X0306 4 2019-03-04 0 0001572334 Virginia National Bankshares Corp VABK 0001618130 Blaine Steven W. C/O LECLAIRRYAN 123 EAST MAIN STREET, SUITE 800 CHARLOTTESVILLE VA 22902 1 0 0 0 Common Stock 2019-03-04 4 M 0 2335 17.3913 A 3595 D Stock Option 2009-01-NQ (right to buy) 17.3913 2019-03-04 4 M 0 2335 0 D 2019-03-16 Common Stock 2335 0 D A 15% stock dividend was issued by the Company to all shareholders of record as of June 3, 2011, and a 5% stock dividend was issued by the Company to all shareholders of record as of April 3, 2018. Exercise price and number of securities received upon exercise of option have been adjusted to reflect such stock dividends. This option was originally granted for 1,934 shares of common stock at an exercise price of $21.00 per share, but the option has been adjusted to reflect (a) the 15% stock dividend issued by the Company to all shareholders of record as of June 3, 2011 and (b) the 5% stock dividend issued by the Company to all shareholders of record as of April 3, 2018. This option vested in five equal annual installments starting March 16, 2010. Tara Y. Harrison, attorney-in-fact 2019-03-05