BV Financial (BVFL) director Galli sells 2,027 shares, retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BV Financial, Inc. director Joseph S. Galli reported open-market sales of BVFL common stock made through an IRA on May 27, 2026. He sold a total of 2,027 shares in three transactions at prices between $19.90 and $19.94 per share. Following these sales, his IRA held 28,184 shares of common stock, in addition to 12,100 indirect shares held through a retirement plan and 80,309 direct shares. He also holds stock options covering 36,746 underlying shares at a $14.25 exercise price, vesting 25% per year commencing on September 6, 2025 and expiring on September 6, 2034. The sale represents a relatively small portion of his overall equity exposure to BV Financial.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,027 shares ($40,341)
Net Sell
6 txns
Insider
Galli Joseph S
Role
null
Sold
2,027 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,921 | $19.90 | $38K |
| Sale | Common Stock | 6 | $19.91 | $119.46 |
| Sale | Common Stock | 100 | $19.94 | $2K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,184 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: 2,027 shares
Sale prices: $19.90–$19.94 per share
IRA holdings after sale: 28,184 shares
+5 more
8 metrics
Shares sold
2,027 shares
Open-market sales on May 27, 2026
Sale prices
$19.90–$19.94 per share
Open-market BVFL common stock sales
IRA holdings after sale
28,184 shares
Common stock indirectly owned by IRA after transactions
Direct share 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 strike price
$14.25 per share
Exercise price for options on BVFL common stock
Underlying option shares
36,746 shares
Common shares underlying outstanding stock options
Option expiration
September 6, 2034
Expiration date of reported stock options
Key Terms
open-market sale, IRA, restricted stock, Stock Options, +1 more
5 terms
open-market sale financial
"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
"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.
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.
Stock Options financial
"Stock Options vest at a rate of 25% per year"
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.
exercise price financial
"exercisePrice": "14.2500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did BV Financial (BVFL) disclose for Joseph S. Galli?
BV Financial disclosed that director Joseph S. Galli sold 2,027 shares of common stock on May 27, 2026. The transactions were open-market sales executed through his IRA at prices around $19.90–$19.94 per share, modest relative to his remaining holdings.
What stock options on BVFL does Joseph S. Galli currently hold?
Galli holds stock options linked to 36,746 underlying BVFL shares at a $14.25 exercise price. According to the filing, these options vest at 25% per year starting September 6, 2025 and expire on September 6, 2034, providing long-term equity exposure.
Does the BVFL Form 4 mention restricted stock held by Joseph S. Galli?
Yes. The filing notes that his holdings include restricted stock that vests at 25% per year commencing on September 6, 2025. This vesting schedule gradually delivers additional BV Financial common shares to Galli over time, subject to the stated conditions.
Were Joseph S. Galli’s BVFL transactions direct or through retirement accounts?
The reported 2,027-share sale was executed indirectly by IRA, as noted in the ownership description. The Form 4 also shows 12,100 shares held indirectly through a retirement plan and 80,309 shares held directly in Galli’s own name.