BV Financial (BVFL) director sells 5,000 shares but keeps sizable stake
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
BV Financial, Inc. director Joseph S. Galli reported open‑market sales of 5,000 shares of common stock. The trades, executed on May 7 2026 through an IRA, were priced around $20 per share, with individual prices ranging from $20.01 to $20.09.
After these transactions, Galli’s indirect IRA holding stands at 36,740 shares. He also indirectly holds 12,100 shares through a retirement plan and directly owns 80,309 shares of common stock, which include restricted stock that vests 25% per year starting on September 6 2025.
In addition, Galli holds stock options linked to 36,746 shares of common stock with a $14.25 exercise price, vesting 25% per year beginning September 6 2025 and expiring on September 6 2034. Overall, the filing shows a modest net sale while maintaining a substantial ongoing equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($100,017)
Net Sell
13 txns
Insider
Galli Joseph S
Role
null
Sold
5,000 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,601 | $20.00 | $92K |
| Sale | Common Stock | 30 | $20.01 | $600.30 |
| Sale | Common Stock | 9 | $20.02 | $180.18 |
| Sale | Common Stock | 118 | $20.03 | $2K |
| Sale | Common Stock | 118 | $20.04 | $2K |
| Sale | Common Stock | 2 | $20.05 | $40.10 |
| Sale | Common Stock | 6 | $20.06 | $120.36 |
| Sale | Common Stock | 104 | $20.07 | $2K |
| Sale | Common Stock | 11 | $20.08 | $220.88 |
| Sale | Common Stock | 1 | $20.09 | $20.09 |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 36,740 shares (Indirect, By IRA);
Stock Options — 36,746 shares (Direct, null);
Common Stock — 80,309 shares (Direct, null)
Footnotes (1)
- Includes shares of restricted stock which vest at a rate of 25% per year commencing on September 6, 2025. Stock Options vest at a rate of 25% per year commencing on September 6, 2025.
Key Figures
Shares sold: 5,000 shares
Sale prices: $20.01–$20.09/share
Direct common shares: 80,309 shares
+5 more
8 metrics
Shares sold
5,000 shares
Open-market sales on May 7 2026 via IRA
Sale prices
$20.01–$20.09/share
Range of reported transaction prices
Direct common shares
80,309 shares
Direct holdings after transactions, includes restricted stock
IRA common shares
36,740 shares
Indirect holdings by IRA after sales
Retirement plan shares
12,100 shares
Indirect holdings by retirement plan
Option exercise price
$14.25/share
Stock options on 36,746 underlying shares
Option underlying shares
36,746 shares
Stock options expiring September 6 2034
Option expiration
September 6 2034
Stock options on BV Financial common stock
Key Terms
open-market sale, Stock Options, restricted stock, IRA, +2 more
6 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Stock Options financial
""security_title": "Stock Options""
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 25% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
IRA financial
""nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Retirement Plan financial
""nature_of_ownership": "By Retirement Plan""
vest at a rate of 25% per year financial
"Stock Options vest at a rate of 25% per year"
FAQ
What insider transaction did BV Financial (BVFL) report for Joseph S. Galli?
BV Financial director Joseph S. Galli reported open-market sales of 5,000 shares of common stock. These trades were executed through an IRA account at prices around $20 per share, and the filing also updates his remaining direct and indirect holdings.
What stock options on BV Financial (BVFL) does Joseph S. Galli currently hold?
Galli holds stock options tied to 36,746 BV Financial common shares with a $14.25 exercise price. These options vest at 25% per year beginning September 6 2025 and expire on September 6 2034, providing long-dated equity exposure alongside his shareholdings.
Does the BVFL Form 4/A show routine or unusual insider selling by Joseph S. Galli?
The filing shows relatively small open-market sales totaling 5,000 shares while Galli retains much larger direct, IRA, retirement-plan, and option positions. Based on the disclosed figures, the activity appears modest compared with his overall equity exposure to BV Financial.
How are Joseph S. Galli’s indirect BV Financial (BVFL) holdings structured?
Galli reports indirect ownership of BV Financial shares through two vehicles: an IRA holding 36,740 shares and a retirement plan holding 12,100 shares. These are reported separately from his 80,309 directly held shares, reflecting different ownership accounts in the filing.