BV Financial (BVFL) director trims IRA stake with 114-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BV Financial, Inc. director Joseph S. Galli reported an open-market sale of 114 shares of common stock at $19.80 per share from an IRA account, leaving 24,560 shares held through that IRA. He also holds 80,309 shares directly and 12,100 shares through a retirement plan, plus stock options on 36,746 shares at an exercise price of $14.25 expiring on September 6, 2034. Footnotes note that both restricted stock and these options vest in 25% annual increments beginning on September 6, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 114 shares ($2,257)
Net Sell
4 txns
Insider
Galli Joseph S
Role
null
Sold
114 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 114 | $19.80 | $2K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,560 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: 114 shares
Sale price: $19.80 per share
IRA holdings after sale: 24,560 shares
+5 more
8 metrics
Shares sold
114 shares
Open-market sale of common stock from IRA
Sale price
$19.80 per share
Price for 114-share sale on June 2, 2026
IRA holdings after sale
24,560 shares
Common stock held indirectly by IRA after transaction
Direct common stock holdings
80,309 shares
Common stock held directly following reported transactions
Retirement plan holdings
12,100 shares
Common stock held indirectly via retirement plan
Stock option underlying shares
36,746 shares
Common shares underlying stock options 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
restricted stock, Stock Options, IRA, retirement plan
4 terms
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 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.
IRA financial
"Common Stock ... 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
"Common Stock ... nature_of_ownership: By Retirement Plan"
