MainStreet Bancshares Inc. has entered into a new employment agreement with Thomas J. Chmelik, following the announcement of his planned retirement as Chief Financial Officer effective December 31, 2025. Under the new agreement, Mr. Chmelik will continue as an officer and employee of the company and its subsidiary, MainStreet Bank, with his current base salary of $375,000 maintained through the end of 2025. Starting January 1, 2026, his base salary will be reduced to $234,000 annually, and he will serve as Senior Executive Vice President and Secretary until December 31, 2027. Mr. Chmelik will remain eligible for the company's employee benefit plans and will be assigned $300,000 of life insurance proceeds from a Bank Owned Life Insurance policy. The agreement also requires him to retain at least 75% of his investment in the company's common stock, estimated at 162,000 shares, until his anticipated retirement at the end of 2027, with the option to diversify up to 25% of his holdings as part of his retirement planning. Any additional sales of company stock beyond these limits will require prior written approval from the Compensation Committee.