Martin Friedman - 12 Mar 2025 Form 4 Insider Report for RIVERVIEW BANCORP INC (RVSB)

Role
10%+ Owner
Signature
Martin S. Friedman
Issuer symbol
RVSB
Transactions as of
12 Mar 2025
Net transactions value
-$964,444
Form type
4
Filing time
14 Mar 2025, 12:00:13 UTC
Previous filing
03 Mar 2025
Next filing
30 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RVSB Common Stock Sale $964,444 -186,348 -100% $5.18 0 12 Mar 2025 See footnote F1, F2, F3
holding RVSB Common Stock 1,936,721 12 Mar 2025 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Martin Friedman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On March 12, 2025, FJ Capital Management LLC ("FJ Capital") sold 186,348 shares of common stock of the Issuer held by Bridge Equities XI, LLC ("BEXI") (continued in footnote 2).
F2 (footnote 1 continued) Martin S. Friedman (the "Reporting Person") is the managing member of FJ Capital, which is the sub-investment adviser to Bridge Equities XI, LLC ("BEXI") and the managing member and investment adviser to Financial Opportunity Fund LLC ("FOF"). FOF holds 1,936,721 shares of common stock of the Issuer (the "Shares") and BEXI no longer holds Shares. (Continued in footnote 3)
F3 (footnote 2 continued) Martin S. Friedman, in his capacity as managing member of FJ Capital, has voting and dispositive power over the Shares held by FOF and voting power only over the Shares held by BEXI. The Reporting Person disclaims beneficial ownership of the securities referred to in this Form 4 except to the extent of the Reporting Person's pecuniary interest in such securities, and the filing of this Form 4 shall not be construed as an admission that the Reporting Person is, for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this Form 4.