Director trims BV Financial (BVFL) stake with 5,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BV Financial, Inc. director Joseph S. Galli reported open-market sales of a total of 5,000 shares of common stock on May 8, 2026, executed through an IRA at prices of $20.03 and $20.00 per share. After these transactions, the IRA holds 31,341 shares, a retirement plan holds 12,100 shares, and he directly holds 80,309 shares of common stock. He also holds stock options tied to 36,746 underlying shares at an exercise price of $14.25 per share, expiring on September 6, 2034. Footnotes state that restricted stock and these options vest at a rate of 25% per year commencing on September 6, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($100,000)
Net Sell
5 txns
Insider
Galli Joseph S
Role
null
Sold
5,000 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,999 | $20.00 | $100K |
| Sale | Common Stock | 1 | $20.03 | $20.03 |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 31,342 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: $20.03 and $20.00 per share
IRA holdings after sale: 31,341 shares
+5 more
8 metrics
Shares sold
5,000 shares
Common Stock sold on May 8, 2026 via IRA
Sale prices
$20.03 and $20.00 per share
Open-market sales of Common Stock on May 8, 2026
IRA holdings after sale
31,341 shares
Common Stock held indirectly by IRA after transactions
Direct common stock holdings
80,309 shares
Common Stock held directly after reported date
Retirement plan holdings
12,100 shares
Common Stock held indirectly by retirement plan
Stock option position
36,746 underlying shares
Stock Options on Common Stock held directly
Option exercise price
$14.25 per share
Exercise price for Stock Options expiring September 6, 2034
Vesting start date
September 6, 2025
Start of 25%-per-year vesting for restricted stock and options
Key Terms
Stock Options, restricted stock, open-market sale, IRA, +1 more
5 terms
Stock Options financial
"Stock Options vest at a rate of 25% per year commencing on September 6, 2025."
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 commencing on September 6, 2025."
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.
open-market sale financial
"Transaction code S is described as a sale in open market or private transaction."
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.
IRA financial
"Common Stock transaction marked as indirect ownership with nature of ownership described as 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
"Common Stock holdings reported as indirect ownership with nature of ownership By Retirement Plan."
FAQ
What insider transaction did BV Financial (BVFL) report for Joseph S. Galli?
BV Financial director Joseph S. Galli reported selling 5,000 shares of common stock on May 8, 2026 through an IRA. The sales occurred at prices of $20.03 and $20.00 per share in open-market transactions.
What stock options in BV Financial (BVFL) does Joseph S. Galli report holding?
He reports stock options linked to 36,746 underlying BV Financial common shares at a $14.25 exercise price. These options expire on September 6, 2034 and, according to footnotes, vest 25% per year starting September 6, 2025.
How do restricted stock awards for BV Financial (BVFL) vest for Joseph S. Galli?
Footnotes state that Galli’s restricted BV Financial stock vests at 25% per year beginning September 6, 2025. This creates a four-year vesting schedule, gradually converting restricted shares into fully vested common stock over time.