Ghan Cathy - 31 Dec 2023 Form 4 Insider Report for Oak Valley Bancorp (OVLY)

Role
EVP Commercial Real Estate
Signature
/s/ Cathy Ghan
Issuer symbol
OVLY
Transactions as of
31 Dec 2023
Net transactions value
$0
Form type
4
Filing time
08 Mar 2024, 18:24:28 UTC
Previous filing
22 Mar 2023
Next filing
17 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVLY Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities +1,052 +3.4% 32,037 31 Dec 2023 Direct F1, F2
transaction OVLY Common Stock Award +5,000 +16% 37,037 28 Feb 2024 Direct F3, F4, F5
transaction OVLY Common Stock Award +1,262 +3.4% 38,299 28 Feb 2024 Direct F3, F4, F5
transaction OVLY Common Stock Tax liability -91 -0.24% 38,208 28 Feb 2024 Direct F6
transaction OVLY Common Stock Tax liability -75 -0.2% 38,133 28 Feb 2024 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Adjustment to holdings for shares acquired through 401k profit sharing plan in 2023.
F2 Shares acquired through company 401k plan. Purchase transactions occur under 10b5-1 purchase plan with various dates and pricing.
F3 Each restricted stock share that is unvested is subject to certain restrictions on disposition as well as certain forfeiture rights, which will lapse upon vesting.
F4 The restricted stock will vest 20% annually on the following dates: 2/28/2025 2/28/2026 2/28/2027 2/28/2028 2/28/2029
F5 Award of restricted stock to executive employee pursuant to Stock Incentive Plan.
F6 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2022 vested 2/28/2024
F7 Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2023 vested 2/28/2024